Great West Life Assurance Co. Can decreased its holdings in shares of Hillenbrand, Inc. (NYSE:HI) by 5.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,527 shares of the company’s stock after selling 5,120 shares during the period. Great West Life Assurance Co. Can owned about 0.14% of Hillenbrand worth $3,400,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in HI. BlackRock Inc. increased its holdings in shares of Hillenbrand by 1.1% during the second quarter. BlackRock Inc. now owns 7,861,426 shares of the company’s stock worth $283,796,000 after buying an additional 89,261 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Hillenbrand by 1.1% during the second quarter. Vanguard Group Inc. now owns 5,560,333 shares of the company’s stock worth $200,728,000 after purchasing an additional 59,046 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Hillenbrand during the second quarter worth $86,923,000. Clarkston Capital Partners LLC boosted its position in shares of Hillenbrand by 6.0% during the third quarter. Clarkston Capital Partners LLC now owns 2,134,540 shares of the company’s stock worth $82,927,000 after purchasing an additional 120,471 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Hillenbrand by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,575,172 shares of the company’s stock worth $56,864,000 after purchasing an additional 9,612 shares in the last quarter. Hedge funds and other institutional investors own 76.36% of the company’s stock.
A number of equities analysts have recently weighed in on the stock. B. Riley reissued a “buy” rating on shares of Hillenbrand in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Finally, Capital One Financial assumed coverage on shares of Hillenbrand in a research report on Monday, October 23rd. They set an “equal weight” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Hillenbrand presently has a consensus rating of “Hold” and an average target price of $50.00.
Hillenbrand, Inc. (NYSE:HI) opened at $45.55 on Monday. The firm has a market cap of $2,870.71, a price-to-earnings ratio of 21.69 and a beta of 1.41. Hillenbrand, Inc. has a 52-week low of $34.65 and a 52-week high of $46.50. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58.
Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Wednesday, November 15th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The company had revenue of $442.90 million for the quarter, compared to analysts’ expectations of $427.45 million. Hillenbrand had a net margin of 7.94% and a return on equity of 19.26%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $0.58 earnings per share. research analysts anticipate that Hillenbrand, Inc. will post 2.23 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 18th will be given a $0.2075 dividend. This is a boost from Hillenbrand’s previous quarterly dividend of $0.21. This represents a $0.83 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Friday, December 15th. Hillenbrand’s payout ratio is currently 41.41%.
Hillenbrand Company Profile
Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
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