OppenheimerFunds Inc. boosted its holdings in Hillenbrand, Inc. (NYSE:HI) by 3.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 23,204 shares of the company’s stock after buying an additional 745 shares during the period. OppenheimerFunds Inc.’s holdings in Hillenbrand were worth $964,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of HI. Geode Capital Management LLC lifted its holdings in shares of Hillenbrand by 9.5% in the 4th quarter. Geode Capital Management LLC now owns 717,955 shares of the company’s stock valued at $27,231,000 after acquiring an additional 62,073 shares during the last quarter. TD Asset Management Inc. lifted its holdings in shares of Hillenbrand by 25.1% in the 4th quarter. TD Asset Management Inc. now owns 155,400 shares of the company’s stock valued at $5,894,000 after acquiring an additional 31,200 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Hillenbrand by 514.8% in the 3rd quarter. Renaissance Technologies LLC now owns 76,848 shares of the company’s stock valued at $4,019,000 after acquiring an additional 64,348 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Hillenbrand by 15.5% in the 4th quarter. CIBC Asset Management Inc now owns 5,744 shares of the company’s stock valued at $218,000 after acquiring an additional 769 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Hillenbrand by 6.2% in the 4th quarter. Arizona State Retirement System now owns 96,014 shares of the company’s stock valued at $3,642,000 after acquiring an additional 5,624 shares during the last quarter. Institutional investors and hedge funds own 77.30% of the company’s stock.
NYSE HI traded down $0.37 during trading on Friday, hitting $39.17. The stock had a trading volume of 689 shares, compared to its average volume of 224,945. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.29 and a quick ratio of 0.92. The company has a market cap of $2.43 billion, a P/E ratio of 16.09 and a beta of 1.24. Hillenbrand, Inc. has a one year low of $36.22 and a one year high of $53.41.
Hillenbrand (NYSE:HI) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The business had revenue of $464.60 million during the quarter, compared to the consensus estimate of $444.60 million. Hillenbrand had a net margin of 8.17% and a return on equity of 20.21%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 earnings per share. As a group, equities research analysts expect that Hillenbrand, Inc. will post 2.53 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.14%. The ex-dividend date is Thursday, June 13th. Hillenbrand’s payout ratio is currently 34.57%.
Separately, Buckingham Research started coverage on shares of Hillenbrand in a research note on Thursday. They issued a “buy” rating and a $53.00 price objective for the company. Four investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of $57.50.
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Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. 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, forest products, and other general industrials.
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