TradeLink Capital LLC Acquires Shares of 17,591 Hillenbrand Inc $HI

TradeLink Capital LLC bought a new position in shares of Hillenbrand Inc (NYSE:HI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 17,591 shares of the company’s stock, valued at approximately $476,000. Hillenbrand makes up about 4.0% of TradeLink Capital LLC’s portfolio, making the stock its 12th largest position.

Several other large investors have also added to or reduced their stakes in the business. MGO One Seven LLC increased its holdings in Hillenbrand by 5.3% during the 3rd quarter. MGO One Seven LLC now owns 10,580 shares of the company’s stock worth $286,000 after purchasing an additional 532 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Hillenbrand by 29.0% during the second quarter. Public Employees Retirement System of Ohio now owns 2,432 shares of the company’s stock valued at $49,000 after buying an additional 547 shares during the last quarter. Amalgamated Bank grew its holdings in Hillenbrand by 3.2% during the third quarter. Amalgamated Bank now owns 20,797 shares of the company’s stock worth $562,000 after buying an additional 651 shares in the last quarter. Blue Trust Inc. raised its position in Hillenbrand by 0.5% in the 3rd quarter. Blue Trust Inc. now owns 166,340 shares of the company’s stock valued at $4,498,000 after buying an additional 793 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Hillenbrand by 74.0% during the 2nd quarter. Osaic Holdings Inc. now owns 1,965 shares of the company’s stock valued at $40,000 after acquiring an additional 836 shares in the last quarter. Institutional investors own 89.09% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on HI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Hillenbrand in a report on Monday, December 29th. CJS Securities reaffirmed a “market perform” rating and issued a $32.00 target price on shares of Hillenbrand in a report on Thursday, October 16th. DA Davidson reiterated a “neutral” rating and set a $32.00 price target on shares of Hillenbrand in a report on Thursday, November 20th. Finally, Zacks Research cut Hillenbrand from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $32.00.

Hillenbrand Stock Up 0.2%

HI opened at $31.91 on Wednesday. Hillenbrand Inc has a 12 month low of $18.36 and a 12 month high of $35.48. The company has a market cap of $2.25 billion, a PE ratio of 52.31 and a beta of 1.38. 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 company has a 50 day moving average of $31.78 and a 200 day moving average of $28.09.

Hillenbrand (NYSE:HI) last posted its earnings results on Wednesday, November 19th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.21. Hillenbrand had a return on equity of 12.69% and a net margin of 1.61%.The firm had revenue of $652.10 million for the quarter, compared to the consensus estimate of $592.25 million. During the same quarter in the prior year, the business posted $1.01 earnings per share. The business’s quarterly revenue was down 22.1% on a year-over-year basis. On average, sell-side analysts expect that Hillenbrand Inc will post 2.53 EPS for the current year.

Hillenbrand Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a $0.2275 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $0.91 annualized dividend and a yield of 2.9%. This is an increase from Hillenbrand’s previous quarterly dividend of $0.23. Hillenbrand’s dividend payout ratio is 149.18%.

Hillenbrand Profile

Hillenbrand, Inc, headquartered in Batesville, Indiana, is a global industrial company specializing in engineered equipment and process solutions. Through its Coperion division, Hillenbrand designs and manufactures compounding and extrusion systems, polymer and food processing equipment, bulk material handling technologies and associated automation. These offerings support a variety of end markets, including plastics, chemicals, food, pharmaceutical and minerals, helping customers optimize production efficiency and product quality.

Tracing its roots to the Batesville Casket Company founded in 1906, the organization evolved through strategic acquisitions and expanded its focus on process technologies.