Hillenbrand (NYSE:HI) Issues Quarterly Earnings Results

Hillenbrand (NYSE:HI) posted its quarterly earnings results on Wednesday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.66), FiscalAI reports. The company had revenue of $540.00 million during the quarter, compared to analysts’ expectations of $607.10 million. Hillenbrand had a return on equity of 12.69% and a net margin of 1.61%.

Hillenbrand Price Performance

Shares of Hillenbrand stock opened at $31.98 on Friday. Hillenbrand has a 52-week low of $18.36 and a 52-week high of $35.48. The firm’s 50 day moving average price is $31.83 and its 200-day moving average price is $28.85. The company has a quick ratio of 0.88, a current ratio of 1.22 and a debt-to-equity ratio of 1.05. The company has a market cap of $2.25 billion, a P/E ratio of 52.43 and a beta of 1.40.

Hillenbrand Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were issued a $0.2275 dividend. This is a boost from Hillenbrand’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Tuesday, December 16th. Hillenbrand’s dividend payout ratio is presently 149.18%.

Institutional Investors Weigh In On Hillenbrand

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its holdings in Hillenbrand by 8.6% in the 2nd quarter. Bank of America Corp DE now owns 682,387 shares of the company’s stock worth $13,696,000 after buying an additional 53,908 shares during the period. Cooper Creek Partners Management LLC boosted its holdings in Hillenbrand by 28.1% in the third quarter. Cooper Creek Partners Management LLC now owns 546,241 shares of the company’s stock valued at $14,770,000 after purchasing an additional 119,964 shares during the last quarter. Nuveen LLC lifted its holdings in shares of Hillenbrand by 17.1% in the 4th quarter. Nuveen LLC now owns 484,423 shares of the company’s stock valued at $15,366,000 after buying an additional 70,583 shares during the period. Picton Mahoney Asset Management purchased a new stake in shares of Hillenbrand in the fourth quarter worth about $15,138,000. Finally, UBS Group AG grew its holdings in Hillenbrand by 21.0% during the third quarter. UBS Group AG now owns 425,297 shares of the company’s stock worth $11,500,000 after acquiring an additional 73,812 shares during the period. 89.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on HI shares. CJS Securities reaffirmed a “market perform” rating and set a $32.00 price target on shares of Hillenbrand in a report on Thursday, October 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Hillenbrand in a report on Monday, December 29th. Finally, DA Davidson reiterated a “neutral” rating and issued a $32.00 target price on shares of Hillenbrand in a research report on Thursday, November 20th. Five analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $32.00.

About Hillenbrand

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.