Texas Permanent School Fund Reduces Holdings in Hill-Rom Holdings, Inc. (HRC)

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Texas Permanent School Fund reduced its position in Hill-Rom Holdings, Inc. (NYSE:HRC) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,782 shares of the medical technology company’s stock after selling 995 shares during the quarter. Texas Permanent School Fund owned approximately 0.06% of Hill-Rom worth $3,944,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HRC. Vigilant Capital Management LLC purchased a new position in shares of Hill-Rom in the 2nd quarter valued at about $109,000. Flagship Harbor Advisors LLC purchased a new position in shares of Hill-Rom in the 2nd quarter valued at about $173,000. CIBC Asset Management Inc purchased a new position in shares of Hill-Rom in the 2nd quarter valued at about $203,000. CAPROCK Group Inc. purchased a new position in shares of Hill-Rom in the 3rd quarter valued at about $211,000. Finally, Hartford Investment Management Co. purchased a new position in shares of Hill-Rom in the 2nd quarter valued at about $215,000. 81.01% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on HRC. KeyCorp lifted their price objective on Hill-Rom from $97.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, July 17th. Raymond James lifted their price objective on Hill-Rom from $97.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, July 30th. Zacks Investment Research upgraded Hill-Rom from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research note on Monday, July 2nd. Morgan Stanley lifted their price objective on Hill-Rom from $95.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, October 11th. Finally, Northcoast Research reiterated a “buy” rating and issued a $104.00 price objective on shares of Hill-Rom in a research note on Tuesday, July 31st. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Hill-Rom currently has a consensus rating of “Hold” and an average price target of $99.44.

HRC stock opened at $83.70 on Tuesday. The company has a market cap of $5.55 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 1.18 and a beta of 0.89. Hill-Rom Holdings, Inc. has a fifty-two week low of $75.21 and a fifty-two week high of $98.96. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.58 and a quick ratio of 1.18.

About Hill-Rom

Hill-Rom Holdings, Inc operates as a medical technology company worldwide. It provides medical surgical beds, intensive care unit beds, bariatric patient beds, lifts and other devices, non-invasive therapeutic products and surfaces, and communications technologies and software solutions; and medical equipment management services, as well as sells equipment service contracts for its capital equipment.

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

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