Brown Brothers Harriman & Co. trimmed its position in Hillenbrand, Inc. (NYSE:HI) by 5.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,870 shares of the company’s stock after selling 830 shares during the period. Brown Brothers Harriman & Co.’s holdings in Hillenbrand were worth $655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Hillenbrand by 6.5% in the 2nd quarter. Vanguard Group Inc. now owns 8,262,627 shares of the company’s stock valued at $364,216,000 after acquiring an additional 504,585 shares during the period. Victory Capital Management Inc. grew its position in Hillenbrand by 15.0% during the 2nd quarter. Victory Capital Management Inc. now owns 2,608,340 shares of the company’s stock worth $114,976,000 after purchasing an additional 339,399 shares during the period. LSV Asset Management boosted its stake in shares of Hillenbrand by 2.3% during the 2nd quarter. LSV Asset Management now owns 1,752,970 shares of the company’s stock worth $77,270,000 after acquiring an additional 39,406 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Hillenbrand by 3.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,313,079 shares of the company’s stock worth $57,880,000 after acquiring an additional 41,579 shares in the last quarter. Finally, Bernzott Capital Advisors boosted its stake in shares of Hillenbrand by 0.6% during the 2nd quarter. Bernzott Capital Advisors now owns 1,212,940 shares of the company’s stock worth $53,466,000 after acquiring an additional 7,742 shares in the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE HI opened at $45.53 on Thursday. The company has a 50 day simple moving average of $43.90 and a 200-day simple moving average of $45.29. The company has a market capitalization of $3.33 billion, a P/E ratio of 18.36, a P/E/G ratio of 0.96 and a beta of 1.52. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.41 and a quick ratio of 1.01. Hillenbrand, Inc. has a 1 year low of $28.69 and a 1 year high of $52.84.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 30th. Investors of record on Thursday, September 16th were issued a $0.215 dividend. The ex-dividend date of this dividend was Wednesday, September 15th. This represents a $0.86 annualized dividend and a yield of 1.89%. Hillenbrand’s dividend payout ratio (DPR) is presently 26.96%.
In related news, VP J Michael Whitted sold 6,374 shares of Hillenbrand stock in a transaction that occurred on Monday, August 9th. The shares were sold at an average price of $44.07, for a total value of $280,902.18. Following the completion of the sale, the vice president now owns 7,784 shares in the company, valued at approximately $343,040.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.03% of the stock is currently owned by company insiders.
Several equities research analysts have recently issued reports on HI shares. TheStreet lowered shares of Hillenbrand from a “b” rating to a “c+” rating in a research note on Friday, August 6th. Zacks Investment Research lowered shares of Hillenbrand from a “buy” rating to a “hold” rating in a research note on Wednesday, October 6th. Finally, Barrington Research reaffirmed a “buy” rating and issued a $62.00 price target on shares of Hillenbrand in a research note on Monday, September 20th.
Hillenbrand, Inc is a diversified industrial company, which engages in the development, manufacture, and sale of engineered industrial equipment. It operates through the following segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville. Advanced Process Solutions segment designs, engineers, manufactures, markets, and services differentiated process and material handling equipment and systems for a wide variety of industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.
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