617,920 Shares in Hillenbrand, Inc. (NYSE:HI) Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired a new stake in Hillenbrand, Inc. (NYSE:HI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 617,920 shares of the company’s stock, valued at approximately $17,178,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HI. SkyView Investment Advisors LLC grew its stake in shares of Hillenbrand by 4.5% during the 3rd quarter. SkyView Investment Advisors LLC now owns 20,490 shares of the company’s stock worth $570,000 after purchasing an additional 891 shares during the period. Geode Capital Management LLC boosted its holdings in Hillenbrand by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company’s stock worth $44,565,000 after buying an additional 6,682 shares in the last quarter. Barclays PLC grew its position in Hillenbrand by 17.9% during the third quarter. Barclays PLC now owns 318,078 shares of the company’s stock worth $8,841,000 after buying an additional 48,230 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Hillenbrand in the third quarter valued at about $223,000. Finally, XTX Topco Ltd lifted its position in shares of Hillenbrand by 13.4% during the 3rd quarter. XTX Topco Ltd now owns 15,052 shares of the company’s stock valued at $418,000 after acquiring an additional 1,774 shares during the period. Institutional investors and hedge funds own 89.09% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on HI. DA Davidson reaffirmed a “neutral” rating and issued a $33.00 price objective on shares of Hillenbrand in a research note on Friday, November 15th. StockNews.com raised Hillenbrand from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. Finally, KeyCorp cut their price target on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $44.67.

Hillenbrand Trading Down 0.2 %

Shares of Hillenbrand stock opened at $33.29 on Thursday. Hillenbrand, Inc. has a 1 year low of $25.11 and a 1 year high of $50.58. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.83. The business has a 50 day moving average price of $30.29 and a 200 day moving average price of $34.70. The company has a market capitalization of $2.34 billion, a P/E ratio of -11.15 and a beta of 1.43.

Hillenbrand (NYSE:HI) last released its quarterly earnings results on Wednesday, November 13th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. The company had revenue of $837.60 million during the quarter, compared to analysts’ expectations of $793.38 million. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.13 earnings per share. Sell-side analysts anticipate that Hillenbrand, Inc. will post 3.2 EPS for the current fiscal year.

Hillenbrand Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.225 per share. This is a boost from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Monday, December 16th. Hillenbrand’s dividend payout ratio (DPR) is currently -29.77%.

Hillenbrand Profile

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.