Blue Trust Inc. Purchases 2,891 Shares of Hillenbrand, Inc. (NYSE:HI)

Blue Trust Inc. raised its position in shares of Hillenbrand, Inc. (NYSE:HI) by 1.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,575 shares of the company’s stock after acquiring an additional 2,891 shares during the period. Blue Trust Inc. owned approximately 0.23% of Hillenbrand worth $4,520,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HI. Vanguard Group Inc. lifted its stake in shares of Hillenbrand by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 8,412,143 shares of the company’s stock valued at $402,521,000 after buying an additional 133,975 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Hillenbrand in the fourth quarter valued at about $414,000. Thompson Investment Management Inc. lifted its stake in shares of Hillenbrand by 5.0% in the first quarter. Thompson Investment Management Inc. now owns 11,090 shares of the company’s stock valued at $558,000 after buying an additional 525 shares during the period. Mirador Capital Partners LP raised its position in Hillenbrand by 8.6% in the first quarter. Mirador Capital Partners LP now owns 16,633 shares of the company’s stock worth $836,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Greenleaf Trust acquired a new position in Hillenbrand in the first quarter worth about $200,000. 89.09% of the stock is currently owned by institutional investors.

Hillenbrand Stock Performance

NYSE HI opened at $28.29 on Friday. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 23.38 and a beta of 1.38. The company has a 50 day moving average of $29.31 and a 200-day moving average of $38.73. The company has a current ratio of 1.35, a quick ratio of 0.88 and a debt-to-equity ratio of 1.44. Hillenbrand, Inc. has a 1-year low of $25.11 and a 1-year high of $50.58.

Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The business had revenue of $786.60 million during the quarter, compared to analyst estimates of $818.16 million. Hillenbrand had a negative net margin of 6.67% and a positive return on equity of 14.89%. Hillenbrand’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 earnings per share. On average, equities analysts forecast that Hillenbrand, Inc. will post 3.23 earnings per share 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 issued a $0.2225 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 3.15%. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. Hillenbrand’s dividend payout ratio (DPR) is currently 73.55%.

Analyst Ratings Changes

Several research analysts recently issued reports on HI shares. KeyCorp started coverage on shares of Hillenbrand in a research report on Wednesday, July 10th. They issued an “overweight” rating and a $50.00 price target for the company. DA Davidson lowered shares of Hillenbrand from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $54.00 to $33.00 in a research report on Monday, August 12th. Finally, StockNews.com raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Two investment 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $48.00.

Hillenbrand Company 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.