Orion Portfolio Solutions LLC acquired a new position in shares of Hillenbrand, Inc. (NYSE:HI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,066 shares of the company’s stock, valued at approximately $69,000.
Several other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in Hillenbrand by 1,013.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,129,767 shares of the company’s stock valued at $32,797,000 after purchasing an additional 1,028,303 shares during the period. Copper Rock Capital Partners LLC purchased a new stake in shares of Hillenbrand in the fourth quarter worth approximately $20,995,000. State Street Corp lifted its holdings in shares of Hillenbrand by 21.8% in the fourth quarter. State Street Corp now owns 2,228,389 shares of the company’s stock valued at $74,228,000 after purchasing an additional 399,454 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Hillenbrand during the fourth quarter valued at approximately $11,630,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Hillenbrand by 25.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,251,344 shares of the company’s stock valued at $41,682,000 after buying an additional 250,361 shares during the last quarter. 82.27% of the stock is owned by institutional investors.
Several brokerages have recently commented on HI. Zacks Investment Research downgraded shares of Hillenbrand from a “hold” rating to a “sell” rating in a report on Tuesday, March 10th. DA Davidson dropped their target price on shares of Hillenbrand from $43.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $44.00.
In other news, VP J Michael Whitted acquired 1,000 shares of Hillenbrand stock in a transaction that occurred on Thursday, February 6th. The stock was bought at an average price of $28.56 per share, with a total value of $28,560.00. Also, CFO Kristina A. Cerniglia bought 2,000 shares of the stock in a transaction on Friday, March 13th. The stock was purchased at an average price of $17.52 per share, for a total transaction of $35,040.00. Following the completion of the purchase, the chief financial officer now directly owns 47,328 shares in the company, valued at $829,186.56. The disclosure for this purchase can be found here. Insiders have acquired a total of 29,000 shares of company stock worth $620,070 in the last three months. Insiders own 3.41% of the company’s stock.
Shares of Hillenbrand stock traded up $1.59 on Thursday, reaching $19.50. 787,193 shares of the company traded hands, compared to its average volume of 872,822. The company has a 50 day moving average of $23.30 and a 200 day moving average of $29.44. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.39 and a quick ratio of 0.89. Hillenbrand, Inc. has a 52 week low of $13.61 and a 52 week high of $43.45. The firm has a market capitalization of $1.29 billion, a PE ratio of 13.73 and a beta of 1.42.
Hillenbrand (NYSE:HI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.13. The business had revenue of $567.00 million during the quarter, compared to analyst estimates of $423.90 million. Hillenbrand had a return on equity of 19.15% and a net margin of 4.58%. Hillenbrand’s revenue was up 38.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 earnings per share. As a group, analysts anticipate that Hillenbrand, Inc. will post 2.3 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a $0.213 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 4.37%. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, March 16th. Hillenbrand’s payout ratio is currently 34.69%.
Hillenbrand Company Profile
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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