Rhumbline Advisers raised its stake in shares of Hillenbrand, Inc. (NYSE:HI) by 15.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 146,856 shares of the company’s stock after purchasing an additional 19,698 shares during the quarter. Rhumbline Advisers owned approximately 0.23% of Hillenbrand worth $6,564,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Hillenbrand by 6.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 48,373 shares of the company’s stock worth $1,746,000 after purchasing an additional 2,771 shares during the period. Public Employees Retirement System of Ohio increased its holdings in Hillenbrand by 6.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,771 shares of the company’s stock worth $136,000 after acquiring an additional 230 shares in the last quarter. Nationwide Fund Advisors increased its holdings in Hillenbrand by 7.6% in the 3rd quarter. Nationwide Fund Advisors now owns 87,040 shares of the company’s stock worth $3,382,000 after acquiring an additional 6,115 shares in the last quarter. First Trust Advisors LP increased its holdings in Hillenbrand by 29.3% in the 3rd quarter. First Trust Advisors LP now owns 34,348 shares of the company’s stock worth $1,334,000 after acquiring an additional 7,792 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in Hillenbrand in the 3rd quarter worth approximately $437,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Joe Anthony Raver sold 33,931 shares of the business’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $47.04, for a total transaction of $1,596,114.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Eric M. Teegarden sold 5,177 shares of Hillenbrand stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $44.49, for a total value of $230,324.73. Following the sale, the vice president now directly owns 3,531 shares of the company’s stock, valued at approximately $157,094.19. The disclosure for this sale can be found here. Insiders sold 39,525 shares of company stock worth $1,846,113 in the last quarter. 1.81% of the stock is owned by insiders.
A number of equities research analysts have issued reports on HI shares. ValuEngine raised shares of Hillenbrand from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. B. Riley reissued a “buy” rating and issued a $50.00 target price on shares of Hillenbrand in a report on Monday, December 18th. Finally, Zacks Investment Research upgraded Hillenbrand from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $51.50.
Hillenbrand, Inc. (HI) traded down $0.50 during trading hours on Wednesday, hitting $46.40. The stock had a trading volume of 282,441 shares, compared to its average volume of 286,775. The company has a market capitalization of $2,956.16, a P/E ratio of 21.13 and a beta of 1.26. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.92 and a current ratio of 1.24. Hillenbrand, Inc. has a fifty-two week low of $34.65 and a fifty-two week high of $48.00.
Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.49 by $0.05. Hillenbrand had a return on equity of 19.51% and a net margin of 7.52%. The firm had revenue of $397.20 million for the quarter, compared to analyst estimates of $384.30 million. During the same quarter last year, the firm posted $0.42 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. analysts forecast that Hillenbrand, Inc. will post 2.36 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be paid a $0.2075 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.83 annualized dividend and a yield of 1.79%. Hillenbrand’s dividend payout ratio (DPR) is presently 43.23%.
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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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