Dimensional Fund Advisors LP lifted its stake in Hillenbrand, Inc. (NYSE:HI) by 5.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities Exchange Commission. The firm owned 1,666,456 shares of the company’s stock after purchasing an additional 91,284 shares during the period. Dimensional Fund Advisors LP owned approximately 2.64% of Hillenbrand worth $64,743,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in HI. Strs Ohio raised its position in Hillenbrand by 50.0% during the second quarter. Strs Ohio now owns 3,000 shares of the company’s stock worth $108,000 after acquiring an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Hillenbrand by 9.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,226 shares of the company’s stock worth $116,000 after acquiring an additional 268 shares during the last quarter. Acrospire Investment Management LLC raised its position in Hillenbrand by 164.2% during the second quarter. Acrospire Investment Management LLC now owns 3,701 shares of the company’s stock worth $134,000 after acquiring an additional 2,300 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Hillenbrand by 6.5% during the second quarter. Public Employees Retirement System of Ohio now owns 3,771 shares of the company’s stock worth $136,000 after acquiring an additional 230 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its position in Hillenbrand by 63.2% during the second quarter. Riverhead Capital Management LLC now owns 4,896 shares of the company’s stock worth $177,000 after acquiring an additional 1,896 shares during the last quarter. Hedge funds and other institutional investors own 76.33% of the company’s stock.
A number of equities analysts have recently weighed in on HI shares. ValuEngine raised shares of Hillenbrand from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. B. Riley reissued a “buy” rating and issued a $50.00 price objective on shares of Hillenbrand in a research report on Monday, December 18th. Finally, Capital One Financial assumed coverage on shares of Hillenbrand in a report on Monday, October 23rd. They issued an “equal weight” rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $50.50.
Shares of Hillenbrand, Inc. (HI) opened at $44.80 on Friday. Hillenbrand, Inc. has a twelve month low of $34.65 and a twelve month high of $46.50. The stock has a market cap of $2,820.00, a P/E ratio of 22.74 and a beta of 1.41. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.16 and a quick ratio of 0.86.
Hillenbrand (NYSE:HI) last released its earnings results on Wednesday, November 15th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. Hillenbrand had a net margin of 7.94% and a return on equity of 19.26%. The firm had revenue of $442.90 million during the quarter, compared to the consensus estimate of $427.45 million. During the same period in the previous year, the firm earned $0.58 earnings per share. Hillenbrand’s revenue was up 3.3% compared to the same quarter last year. equities analysts anticipate that Hillenbrand, Inc. will post 2.25 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were paid a dividend of $0.2075 per share. This is an increase from Hillenbrand’s previous quarterly dividend of $0.21. This represents a $0.83 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Friday, December 15th. Hillenbrand’s payout ratio is currently 42.13%.
In other news, insider Joe Anthony Raver sold 34,565 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $43.25, for a total transaction of $1,494,936.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Diane R. Bohman sold 6,873 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $43.50, for a total transaction of $298,975.50. Following the transaction, the senior vice president now directly owns 36,544 shares in the company, valued at $1,589,664. The disclosure for this sale can be found here. 1.81% of the stock is owned by insiders.
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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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