We Are One Seven LLC increased its position in shares of Hillenbrand, Inc. (NYSE:HI) by 41.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,124 shares of the company’s stock after acquiring an additional 3,867 shares during the period. We Are One Seven LLC’s holdings in Hillenbrand were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in Hillenbrand by 19.2% in the 2nd quarter. Wells Fargo & Company MN now owns 1,326,746 shares of the company’s stock valued at $52,499,000 after purchasing an additional 214,107 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Hillenbrand by 0.9% during the first quarter. Nordea Investment Management AB now owns 99,590 shares of the company’s stock valued at $4,135,000 after acquiring an additional 928 shares during the last quarter. US Bancorp DE raised its stake in shares of Hillenbrand by 28.7% during the second quarter. US Bancorp DE now owns 19,566 shares of the company’s stock valued at $774,000 after acquiring an additional 4,358 shares during the last quarter. Fort L.P. raised its stake in shares of Hillenbrand by 34.1% during the first quarter. Fort L.P. now owns 44,928 shares of the company’s stock valued at $1,866,000 after acquiring an additional 11,432 shares during the last quarter. Finally, Atria Investments LLC bought a new position in shares of Hillenbrand during the second quarter valued at $253,000. 77.98% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Hillenbrand from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. DA Davidson raised shares of Hillenbrand from a “neutral” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Monday, July 15th. ValuEngine raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, TheStreet downgraded shares of Hillenbrand from a “b-” rating to a “c+” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $48.00.
HI stock opened at $29.82 on Friday. The company has a fifty day moving average price of $29.13 and a 200-day moving average price of $35.69. The company has a market capitalization of $1.78 billion, a P/E ratio of 12.03 and a beta of 1.28. Hillenbrand, Inc. has a 52-week low of $26.01 and a 52-week high of $51.31. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.90 and a current ratio of 1.25.
Hillenbrand (NYSE:HI) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.04). The business had revenue of $446.60 million for the quarter, compared to the consensus estimate of $456.63 million. Hillenbrand had a net margin of 7.86% and a return on equity of 19.57%. Hillenbrand’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 EPS. As a group, sell-side analysts forecast that Hillenbrand, Inc. will post 2.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Friday, September 13th. Hillenbrand’s dividend payout ratio is presently 34.57%.
Hillenbrand Company Profile
Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.
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