Hill-Rom Holdings Inc (HRC) Upgraded to Buy at ValuEngine

ValuEngine upgraded shares of Hill-Rom Holdings Inc (NYSE:HRC) from a hold rating to a buy rating in a research note released on Thursday morning.

A number of other brokerages have also weighed in on HRC. KeyCorp restated a buy rating and set a $89.00 price objective (up previously from $82.00) on shares of Hill-Rom Holdings in a research report on Sunday, November 5th. Zacks Investment Research upgraded Hill-Rom Holdings from a hold rating to a buy rating and set a $90.00 price objective on the stock in a research report on Friday, October 27th. Needham & Company LLC reduced their price objective on Hill-Rom Holdings from $93.00 to $90.00 and set a buy rating on the stock in a research report on Monday, November 6th. Stifel Nicolaus restated a buy rating and set a $84.00 price objective on shares of Hill-Rom Holdings in a research report on Sunday, July 30th. Finally, BidaskClub upgraded Hill-Rom Holdings from a sell rating to a hold rating in a research report on Sunday, August 6th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $88.57.

Hill-Rom Holdings (HRC) opened at $81.91 on Thursday. Hill-Rom Holdings has a 52 week low of $52.58 and a 52 week high of $84.65. The company has a quick ratio of 1.34, a current ratio of 1.77 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $5,391.40, a price-to-earnings ratio of 21.22, a PEG ratio of 1.74 and a beta of 1.19.

Hill-Rom Holdings (NYSE:HRC) last issued its quarterly earnings results on Friday, November 3rd. The medical technology company reported $1.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.05. Hill-Rom Holdings had a return on equity of 20.27% and a net margin of 4.87%. The company had revenue of $738.30 million for the quarter, compared to analyst estimates of $731.10 million. During the same quarter last year, the company posted $1.18 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. sell-side analysts expect that Hill-Rom Holdings will post 4.26 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.72 dividend on an annualized basis and a yield of 0.88%. Hill-Rom Holdings’s dividend payout ratio is currently 36.18%.

In other news, SVP Andreas G. Frank sold 6,870 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $77.48, for a total value of $532,287.60. Following the transaction, the senior vice president now directly owns 16,701 shares of the company’s stock, valued at approximately $1,293,993.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Andreas G. Frank sold 3,940 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $77.84, for a total value of $306,689.60. Following the completion of the transaction, the senior vice president now directly owns 16,701 shares in the company, valued at $1,300,005.84. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

Several large investors have recently made changes to their positions in HRC. Seven Eight Capital LP acquired a new position in shares of Hill-Rom Holdings in the 2nd quarter valued at about $127,000. Acrospire Investment Management LLC lifted its stake in shares of Hill-Rom Holdings by 43.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,983 shares of the medical technology company’s stock valued at $158,000 after purchasing an additional 600 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Hill-Rom Holdings by 10.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,201 shares of the medical technology company’s stock valued at $175,000 after purchasing an additional 204 shares during the period. Citigroup Inc. lifted its stake in shares of Hill-Rom Holdings by 21.1% in the 2nd quarter. Citigroup Inc. now owns 2,483 shares of the medical technology company’s stock valued at $198,000 after purchasing an additional 433 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Hill-Rom Holdings by 101.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,720 shares of the medical technology company’s stock valued at $204,000 after purchasing an additional 1,367 shares during the period. 80.37% of the stock is currently owned by institutional investors.

Hill-Rom Holdings Company Profile

Hill-Rom Holdings, Inc is a global medical technology company. The Company operates through four segments: North America Patient Support Systems, International Patient Support Systems, Front Line Care and Surgical Solutions. The Company’s products and services include Patient Support Systems, Front Line Care and Surgical Solutions.

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Analyst Recommendations for Hill-Rom Holdings (NYSE:HRC)

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