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 boosted its stake in 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 in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Hillenbrand by 6.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,771 shares of the company’s stock valued at $136,000 after acquiring an additional 230 shares during the period. Nationwide Fund Advisors lifted its stake in Hillenbrand by 7.6% during the 3rd quarter. Nationwide Fund Advisors now owns 87,040 shares of the company’s stock valued at $3,382,000 after acquiring an additional 6,115 shares during the period. First Trust Advisors LP lifted its stake in Hillenbrand by 29.3% during the 3rd quarter. First Trust Advisors LP now owns 34,348 shares of the company’s stock valued at $1,334,000 after acquiring an additional 7,792 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new position in Hillenbrand during the 3rd quarter valued at about $437,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hillenbrand, Inc. (HI) traded down $0.50 on Wednesday, reaching $46.40. The company 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. Hillenbrand, Inc. has a 12 month low of $34.65 and a 12 month high of $48.00. 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 (NYSE:HI) last released its earnings results on Wednesday, January 31st. The company reported $0.54 earnings per share for the quarter, topping 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 business had revenue of $397.20 million during the quarter, compared to the consensus estimate of $384.30 million. During the same period last year, the company earned $0.42 earnings per share. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. sell-side analysts anticipate that Hillenbrand, Inc. will post 2.36 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be paid a dividend of $0.2075 per share. The ex-dividend date is Thursday, March 15th. This represents a $0.83 annualized dividend and a dividend yield of 1.79%. Hillenbrand’s dividend payout ratio is currently 43.23%.
In other Hillenbrand news, 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 transaction, the vice president now owns 3,531 shares in the company, valued at $157,094.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $1,596,114.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,525 shares of company stock worth $1,846,113. Insiders own 1.81% of the company’s stock.
HI has been the topic of several recent research reports. ValuEngine upgraded shares of Hillenbrand from a “hold” rating to a “buy” rating in a research note 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 raised shares of Hillenbrand from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $51.50.
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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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