Hill-Rom Holdings Inc. (HRC): Technicals Say You should Hold

Hill-Rom Holdings Inc. (NYSE:HRC) saw a downside of -0.08% to close Tuesday at $151.37 after subtracting -$0.12 on the day. The 5-day average trading volume is 598,940 shares of the company’s common stock. It has gained $151.67 in the past week. An average of 1,170,465 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,233,464.

HRC’s 1-month performance is 0.21% or $0.50 on its low of $149.20 reached on 09/28/21. The company’s shares have touched a 52-week low of $86.51 and high of $152.37, with the stock’s rally to the 52-week high happening on 09/02/21. YTD, HRC has achieved 54.51% or $53.40. However, the current price is down -0.66%% from the 52-week high price.


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Insider Transactions

On Jul 28, 77 days have gone by since the last insider trading activity for Hill-Rom Holdings Inc. (HRC). Ladone Mary Kay (SVP, Corp. Dev., Strat. & IR) most recently sold 9,056 shares at $127.62 per share on Jul 28. This transaction cost the insider $1,155,745. SVP, Corp. Dev., Strat. & IR, Ladone Mary Kay, sold 8,349 shares at a price of $120.00 on Jul 23. Then, on Jun 10, SVP, Chief Legal Officer Rasin Deborah sold 5,000 shares at a price of $113.30 per share. This transaction amounted to $566,504.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 53.08 and a low of 22.21. HRC stock has a beta of 0.55. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.40 while the price-to-book (PB) in the most recent quarter is 5.51, with the price to cash flow ratio at 24.04.

Hill-Rom Holdings Inc. pays an annual dividend of $0.96 per share. Its dividend yield is 0.63% and the payout ratio is 25.70%. HRC’s most recent quarterly dividend payment was made on Sep. 30, when it paid $0.24 a share compared with prior rate of $0.24, down 0.0% from last year’s. The company has boosted its dividend for the last 8 consecutive years with the latest dividend increase of $0.02 reported on Thursday March 11 2021. Measured over the last 3 years, the Dividend has been growing by 22.22% yearly.

It is projected that Hill-Rom Holdings Inc.’s next ex-dividend date will be on 16-Dec. HRC is expected to distribute $0.24 as its next dividend.

Hill-Rom Holdings Inc.’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 1.40 meaning that HRC stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.81, while the total debt to equity was 0.94. In terms of profitability, the gross margin trailing 12 months is 51.90%. The trailing 12-month EBITDA margin is 23.52% while for the period ending June 29; Hill-Rom Holdings Inc.’s operating margin was 11.70%. The firm’s gross profit as reported stood at $1.48 billion against revenue of $2.88 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -6.94% to $717.7 million, while revenue of $762.0 million was -6.17% off the previous quarter. Analysts expected HRC to announce $1.34 per share in earnings in its latest quarter, but it posted $1.38, representing a 3.00% surprise. EBITDA for the quarter stood at more than $136.5 million. HRC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.75 billion, with total debt at $1.75 billion. Shareholders hold equity totaling $65.82 million

Technical Picture

Let’s look briefly at Hill-Rom Holdings Inc. (HRC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 67.62% to suggest the stock is trending Neutral, with historical volatility in this time period at 2.84%.

The stock’s 5-day moving average is $151.25, reflecting a +0.35% or $0.53 change from its current price. HRC is currently trading +0.13% above its 20-day SMA, +36.42% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +9.32% and +54.55% respectively.

Stochastic %K and %D was 91.27% and 87.64% and the average true range (ATR) pointed at 0.82. The RSI (14) points at 68.68%, while the 14-day stochastic is at 87.85% with the period’s ATR at 1.09. The stock’s 9-day MACD Oscillator is pointing at 0.56 and 0.91 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Hill-Rom Holdings Inc. (NYSE: HRC), BofA Securities downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for HRC stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate HRC as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is HRC’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $155.00 and a high of $156.00, with their median price target at $156.00. Looking at these predictions, the average price target given by analysts is for Hill-Rom Holdings Inc. (HRC) stock is $155.75.

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