Hillenbrand, Inc. (NYSE:HI) Shares Bought by Barclays PLC

Barclays PLC grew its holdings in shares of Hillenbrand, Inc. (NYSE:HI) by 17.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 318,078 shares of the company’s stock after purchasing an additional 48,230 shares during the period. Barclays PLC’s holdings in Hillenbrand were worth $8,841,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in Hillenbrand by 13.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock worth $87,408,000 after purchasing an additional 253,730 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Hillenbrand during the 3rd quarter valued at $4,368,000. Bernzott Capital Advisors increased its position in shares of Hillenbrand by 51.3% during the 3rd quarter. Bernzott Capital Advisors now owns 225,753 shares of the company’s stock valued at $6,276,000 after purchasing an additional 76,533 shares during the period. Financial Counselors Inc. raised its stake in shares of Hillenbrand by 30.1% in the 3rd quarter. Financial Counselors Inc. now owns 322,252 shares of the company’s stock worth $8,959,000 after buying an additional 74,527 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Hillenbrand by 2.4% in the third quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company’s stock valued at $79,877,000 after buying an additional 66,741 shares during the period. 89.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. KeyCorp lowered their target price on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th. StockNews.com raised shares of Hillenbrand from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, DA Davidson reissued a “neutral” rating and set a $33.00 target price on shares of Hillenbrand in a research note on Friday, November 15th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $44.67.

Hillenbrand Trading Down 2.2 %

Shares of NYSE HI opened at $30.81 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 1.27 and a debt-to-equity ratio of 1.28. Hillenbrand, Inc. has a 12 month low of $25.11 and a 12 month high of $50.58. The company has a market cap of $2.16 billion, a price-to-earnings ratio of -10.30 and a beta of 1.43. The business has a fifty day simple moving average of $30.61 and a 200-day simple moving average of $34.37.

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

Hillenbrand Increases Dividend

The company also recently announced 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 an increase from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Monday, December 16th. Hillenbrand’s payout ratio is -30.10%.

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.