New York State Teachers Retirement System increased its position in shares of Hill-Rom Holdings, Inc. (NYSE:HRC) by 3.6% in the 1st quarter, HoldingsChannel reports. The fund owned 118,767 shares of the medical technology company’s stock after acquiring an additional 4,100 shares during the period. New York State Teachers Retirement System’s holdings in Hill-Rom were worth $12,573,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC raised its stake in shares of Hill-Rom by 1,894.6% during the 1st quarter. Parallel Advisors LLC now owns 738 shares of the medical technology company’s stock worth $78,000 after acquiring an additional 701 shares in the last quarter. Landsberg Bennett & Dubbaneh LLC raised its stake in shares of Hill-Rom by 24.2% during the 1st quarter. Landsberg Bennett & Dubbaneh LLC now owns 23,757 shares of the medical technology company’s stock worth $2,501,000 after acquiring an additional 4,630 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Hill-Rom by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 5,916,827 shares of the medical technology company’s stock worth $558,549,000 after acquiring an additional 34,369 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of Hill-Rom by 260.1% during the 4th quarter. Two Sigma Investments LP now owns 255,055 shares of the medical technology company’s stock worth $22,585,000 after acquiring an additional 184,230 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Hill-Rom during the 4th quarter worth approximately $299,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.
Shares of Hill-Rom stock opened at $96.26 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 1.27 and a debt-to-equity ratio of 1.10. Hill-Rom Holdings, Inc. has a 12-month low of $81.82 and a 12-month high of $108.68. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 20.27, a P/E/G ratio of 1.68 and a beta of 0.91.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 21st will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, June 20th. This represents a $0.84 dividend on an annualized basis and a yield of 0.87%. Hill-Rom’s payout ratio is 17.68%.
HRC has been the subject of several recent analyst reports. ValuEngine lowered shares of Hill-Rom from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Needham & Company LLC restated a “buy” rating and set a $116.00 price target on shares of Hill-Rom in a research note on Monday, March 11th. Zacks Investment Research upgraded shares of Hill-Rom from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research note on Tuesday, April 16th. Finally, Barclays upped their price target on shares of Hill-Rom from $103.00 to $108.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Hill-Rom has an average rating of “Buy” and a consensus target price of $109.88.
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Hill-Rom Holdings, Inc operates as a medical technology company worldwide. It operates in three segments: Patient Support Systems, Front Line Care, and Surgical Solutions. The company offers medical surgical beds, intensive care unit beds, and bariatric patient beds, lifts and other patient mobility devices, non-invasive therapeutic products and surfaces, and information technologies and software solutions; and medical equipment management services, as well as sells equipment service contracts for its capital equipment.
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