Ramsey Quantitative Systems purchased a new position in shares of Hillenbrand, Inc. (NYSE:HI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,652 shares of the company’s stock, valued at approximately $342,000.
A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Hillenbrand by 3.1% in the fourth quarter. BlackRock Inc. now owns 8,303,568 shares of the company’s stock worth $371,171,000 after purchasing an additional 247,107 shares during the period. Janus Henderson Group PLC lifted its holdings in Hillenbrand by 10.0% in the third quarter. Janus Henderson Group PLC now owns 2,648,772 shares of the company’s stock worth $102,905,000 after purchasing an additional 240,920 shares during the period. Clarkston Capital Partners LLC lifted its holdings in Hillenbrand by 3.8% in the fourth quarter. Clarkston Capital Partners LLC now owns 2,216,235 shares of the company’s stock worth $99,066,000 after purchasing an additional 81,695 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Hillenbrand by 5.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,666,456 shares of the company’s stock worth $64,743,000 after purchasing an additional 91,284 shares during the period. Finally, State Street Corp lifted its holdings in Hillenbrand by 6.5% in the second quarter. State Street Corp now owns 1,545,547 shares of the company’s stock worth $55,793,000 after purchasing an additional 94,278 shares during the period. 76.07% of the stock is owned by institutional investors and hedge funds.
Shares of Hillenbrand, Inc. (HI) opened at $45.00 on Thursday. Hillenbrand, Inc. has a 1-year low of $34.65 and a 1-year high of $46.50. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.24 and a quick ratio of 0.92. The firm has a market cap of $2,814.34, a PE ratio of 20.11 and a beta of 1.31.
Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.05. Hillenbrand had a net margin of 7.52% and a return on equity of 19.51%. The company had revenue of $397.20 million during the quarter, compared to the consensus estimate of $384.30 million. During the same period in the prior year, the company earned $0.42 EPS. Hillenbrand’s revenue was up 11.6% on a year-over-year basis. equities research analysts anticipate that Hillenbrand, Inc. will post 2.36 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be issued a $0.2075 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, March 15th. Hillenbrand’s payout ratio is 43.23%.
In other Hillenbrand news, VP Eric M. Teegarden sold 5,177 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $44.49, for a total value of $230,324.73. Following the completion of the sale, the vice president now directly owns 3,531 shares of the company’s stock, valued at approximately $157,094.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.81% of the stock is currently owned by corporate insiders.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Hillenbrand from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Tuesday, December 12th. B. Riley set a $50.00 price target on shares of Hillenbrand and gave the company a “buy” rating in a report on Thursday, November 16th. Finally, ValuEngine raised shares of Hillenbrand from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $51.50.
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Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
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