95,020 Shares in Hillenbrand Inc $HI Bought by RBF Capital LLC

RBF Capital LLC purchased a new stake in Hillenbrand Inc (NYSE:HI) in the second quarter, Holdings Channel.com reports. The fund purchased 95,020 shares of the company’s stock, valued at approximately $1,907,000.

A number of other hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its stake in shares of Hillenbrand by 29.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,432 shares of the company’s stock worth $49,000 after acquiring an additional 547 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Hillenbrand during the first quarter worth about $84,000. Jones Financial Companies Lllp grew its position in Hillenbrand by 622.7% in the 1st quarter. Jones Financial Companies Lllp now owns 3,729 shares of the company’s stock worth $90,000 after purchasing an additional 3,213 shares in the last quarter. MGO One Seven LLC purchased a new stake in Hillenbrand in the 2nd quarter valued at about $202,000. Finally, Wealthedge Investment Advisors LLC purchased a new stake in Hillenbrand in the 1st quarter valued at about $204,000. 89.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HI shares. Zacks Research lowered Hillenbrand from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. DA Davidson reissued a “neutral” rating and issued a $32.00 price objective on shares of Hillenbrand in a research report on Thursday, November 20th. CJS Securities restated a “market perform” rating and issued a $32.00 price objective on shares of Hillenbrand in a research note on Thursday, October 16th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hillenbrand in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Hillenbrand presently has a consensus rating of “Hold” and an average target price of $32.00.

Hillenbrand Trading Down 0.3%

NYSE:HI opened at $31.82 on Wednesday. Hillenbrand Inc has a 12 month low of $18.36 and a 12 month high of $35.59. The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 1.05. The firm’s 50 day moving average is $30.56 and its 200 day moving average is $25.35. The stock has a market capitalization of $2.24 billion, a PE ratio of 52.16 and a beta of 1.39.

Hillenbrand (NYSE:HI) last announced its quarterly earnings data on Wednesday, November 19th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.21. The business had revenue of $652.10 million during the quarter, compared to analyst estimates of $592.25 million. Hillenbrand had a return on equity of 12.69% and a net margin of 1.61%.Hillenbrand’s revenue was down 22.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.01 earnings per share. Sell-side analysts expect that Hillenbrand Inc will post 2.53 earnings per share for the current year.

Hillenbrand Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a $0.2275 dividend. This is an increase from Hillenbrand’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.91 annualized dividend and a yield of 2.9%. Hillenbrand’s payout ratio is 147.54%.

Hillenbrand Profile

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.