Foundry Partners LLC Sells 58,542 Shares of Hill-Rom Holdings Inc (NYSE:HRC)

Foundry Partners LLC lowered its stake in Hill-Rom Holdings Inc (NYSE:HRC) by 31.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 129,965 shares of the medical technology company’s stock after selling 58,542 shares during the period. Foundry Partners LLC owned approximately 0.20% of Hill-Rom Holdings worth $10,347,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in HRC. Schwab Charles Investment Management Inc. increased its stake in shares of Hill-Rom Holdings by 13.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 795,112 shares of the medical technology company’s stock valued at $63,299,000 after buying an additional 96,433 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Hill-Rom Holdings by 42.7% in the second quarter. Canada Pension Plan Investment Board now owns 16,700 shares of the medical technology company’s stock valued at $1,329,000 after buying an additional 5,000 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of Hill-Rom Holdings by 0.3% in the second quarter. Retirement Systems of Alabama now owns 111,153 shares of the medical technology company’s stock valued at $8,849,000 after buying an additional 372 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Hill-Rom Holdings by 3.0% in the second quarter. IFP Advisors Inc now owns 4,607 shares of the medical technology company’s stock valued at $367,000 after buying an additional 135 shares during the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Hill-Rom Holdings during the second quarter valued at $576,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hill-Rom Holdings Inc (NYSE:HRC) opened at 73.72 on Friday. The firm has a 50 day moving average of $79.48 and a 200-day moving average of $72.76. Hill-Rom Holdings Inc has a 12 month low of $50.50 and a 12 month high of $84.65. The stock has a market capitalization of $4.86 billion, a P/E ratio of 42.96 and a beta of 1.22.

Hill-Rom Holdings (NYSE:HRC) last posted its quarterly earnings data on Friday, July 28th. The medical technology company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. The company had revenue of $689.10 million for the quarter, compared to analyst estimates of $695.50 million. Hill-Rom Holdings had a net margin of 4.27% and a return on equity of 19.99%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 earnings per share. Analysts forecast that Hill-Rom Holdings Inc will post $3.82 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.98%. Hill-Rom Holdings’s dividend payout ratio is currently 41.62%.

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Several brokerages recently weighed in on HRC. BidaskClub raised shares of Hill-Rom Holdings from a “sell” rating to a “hold” rating in a research note on Sunday, August 6th. Zacks Investment Research downgraded shares of Hill-Rom Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $84.00 price objective on shares of Hill-Rom Holdings in a research report on Sunday, July 30th. Cantor Fitzgerald set a $86.00 price objective on shares of Hill-Rom Holdings and gave the company a “hold” rating in a research report on Friday, July 28th. Finally, Needham & Company LLC dropped their price objective on shares of Hill-Rom Holdings from $95.00 to $93.00 and set a “buy” rating on the stock in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $88.17.

In other news, SVP Andreas G. Frank sold 10,660 shares of Hill-Rom Holdings stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $78.62, for a total transaction of $838,089.20. Following the sale, the senior vice president now owns 28,988 shares in the company, valued at $2,279,036.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Paul Sherwood Johnson sold 2,078 shares of Hill-Rom Holdings stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $72.30, for a total transaction of $150,239.40. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

About Hill-Rom Holdings

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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Institutional Ownership by Quarter for Hill-Rom Holdings (NYSE:HRC)

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