Glenmede Trust Co. NA grew its holdings in Hillenbrand, Inc. (NYSE:HI) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 718,645 shares of the company’s stock after buying an additional 17,095 shares during the quarter. Glenmede Trust Co. NA owned 1.15% of Hillenbrand worth $33,885,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of Hillenbrand by 8.4% during the 2nd quarter. BlackRock Inc. now owns 9,414,734 shares of the company’s stock worth $443,905,000 after purchasing an additional 729,389 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Hillenbrand by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,683,284 shares of the company’s stock worth $77,263,000 after purchasing an additional 7,799 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Hillenbrand by 1.6% during the 2nd quarter. Wells Fargo & Company MN now owns 1,047,884 shares of the company’s stock worth $49,407,000 after purchasing an additional 16,755 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Hillenbrand by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 822,993 shares of the company’s stock worth $37,775,000 after purchasing an additional 9,838 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Hillenbrand by 3.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 648,135 shares of the company’s stock worth $30,560,000 after purchasing an additional 18,814 shares in the last quarter. Institutional investors own 76.04% of the company’s stock.
NYSE:HI traded down $0.44 during mid-day trading on Friday, reaching $49.68. 386,068 shares of the company were exchanged, compared to its average volume of 259,099. Hillenbrand, Inc. has a 12 month low of $38.15 and a 12 month high of $53.41. The company has a quick ratio of 0.89, a current ratio of 1.22 and a debt-to-equity ratio of 0.60. The firm has a market cap of $3.26 billion, a P/E ratio of 23.55 and a beta of 1.25.
Hillenbrand (NYSE:HI) last issued its quarterly earnings data on Wednesday, August 1st. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. Hillenbrand had a net margin of 4.04% and a return on equity of 20.46%. The firm had revenue of $446.00 million for the quarter, compared to analyst estimates of $403.80 million. During the same quarter in the prior year, the firm earned $0.53 EPS. The company’s revenue was up 12.7% on a year-over-year basis. As a group, equities analysts predict that Hillenbrand, Inc. will post 2.39 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were issued a dividend of $0.2075 per share. The ex-dividend date was Thursday, September 13th. This represents a $0.83 dividend on an annualized basis and a yield of 1.67%. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.21. Hillenbrand’s dividend payout ratio is currently 39.34%.
HI has been the subject of a number of recent analyst reports. Sidoti cut shares of Hillenbrand from a “buy” rating to a “neutral” rating and set a $57.00 target price for the company. in a research report on Wednesday, August 22nd. They noted that the move was a valuation call. TheStreet upgraded shares of Hillenbrand from a “c+” rating to an “a-” rating in a research report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Hillenbrand from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Friday, August 3rd. Finally, B. Riley set a $62.00 target price on shares of Hillenbrand and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $59.00.
Hillenbrand Company Profile
Hillenbrand, Inc operates as a diversified industrial company worldwide. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, and forest products.
See Also: Using the New Google Finance Tool
Receive News & Ratings for Hillenbrand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillenbrand and related companies with MarketBeat.com's FREE daily email newsletter.