Truvestments Capital LLC Invests $187,000 in Hillenbrand, Inc. (NYSE:HI)

Truvestments Capital LLC bought a new stake in shares of Hillenbrand, Inc. (NYSE:HI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,736 shares of the company’s stock, valued at approximately $187,000.

Other hedge funds also recently bought and sold shares of the company. Matrix Trust Co purchased a new position in shares of Hillenbrand in the third quarter valued at about $25,000. GAMMA Investing LLC raised its stake in Hillenbrand by 58.2% during the 2nd quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock valued at $28,000 after purchasing an additional 262 shares during the period. Kennebec Savings Bank purchased a new position in Hillenbrand in the 3rd quarter worth approximately $48,000. KBC Group NV boosted its stake in Hillenbrand by 32.2% in the 3rd quarter. KBC Group NV now owns 2,263 shares of the company’s stock worth $63,000 after purchasing an additional 551 shares during the period. Finally, nVerses Capital LLC purchased a new stake in Hillenbrand during the 3rd quarter valued at approximately $75,000. Institutional investors own 89.09% of the company’s stock.

Hillenbrand Stock Up 2.2 %

NYSE HI opened at $34.54 on Tuesday. The stock has a 50 day moving average price of $28.59 and a 200-day moving average price of $35.61. Hillenbrand, Inc. has a one year low of $25.11 and a one year high of $50.58. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 1.27. The company has a market capitalization of $2.43 billion, a P/E ratio of -11.30 and a beta of 1.38.

Hillenbrand (NYSE:HI) last released its quarterly earnings results on Wednesday, November 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. Hillenbrand had a negative net margin of 6.63% and a positive return on equity of 14.86%. The company had revenue of $837.60 million for the quarter, compared to the consensus estimate of $793.38 million. During the same quarter in the prior year, the firm earned $1.13 earnings per share. Hillenbrand’s revenue was up 9.8% on a year-over-year basis. As a group, equities analysts predict that Hillenbrand, Inc. will post 3.45 EPS for the current fiscal year.

Hillenbrand Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.2225 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.89 annualized dividend and a yield of 2.58%. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. Hillenbrand’s dividend payout ratio (DPR) is currently -29.77%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HI. KeyCorp lowered their target price on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th. DA Davidson reiterated a “neutral” rating and issued a $33.00 price target on shares of Hillenbrand in a research note on Friday, November 15th. Finally, StockNews.com raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a report on Friday. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Hillenbrand currently has a consensus rating of “Moderate Buy” and an average price target of $44.67.

About Hillenbrand

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.