Janus Henderson Group PLC cut its holdings in Hillenbrand, Inc. (NYSE:HI – Free Report) by 97.9% during the 3rd quarter, Holdings Channel reports. The firm owned 32,470 shares of the company’s stock after selling 1,487,619 shares during the period. Janus Henderson Group PLC’s holdings in Hillenbrand were worth $902,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the business. GSA Capital Partners LLP bought a new stake in shares of Hillenbrand in the 3rd quarter worth approximately $627,000. Connor Clark & Lunn Investment Management Ltd. increased its position in Hillenbrand by 284.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,995 shares of the company’s stock valued at $611,000 after purchasing an additional 16,274 shares during the period. Financial Counselors Inc. raised its holdings in 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 purchasing an additional 74,527 shares in the last quarter. Raymond James & Associates lifted its position in shares of Hillenbrand by 4.3% in the 2nd quarter. Raymond James & Associates now owns 392,196 shares of the company’s stock worth $15,696,000 after purchasing an additional 16,323 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of Hillenbrand by 47.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 59,317 shares of the company’s stock valued at $1,649,000 after purchasing an additional 19,201 shares in the last quarter. Hedge funds and other institutional investors own 89.09% of the company’s stock.
Analysts Set New Price Targets
HI has been the subject of several research analyst reports. StockNews.com upgraded shares of Hillenbrand from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. KeyCorp dropped their price target on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. Finally, DA Davidson reiterated a “neutral” rating and issued a $33.00 price objective on shares of Hillenbrand in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.67.
Hillenbrand Price Performance
HI stock opened at $32.14 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 1.27. The firm has a 50 day moving average price of $30.52 and a 200-day moving average price of $34.54. Hillenbrand, Inc. has a 52-week low of $25.11 and a 52-week high of $50.58. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of -10.75 and a beta of 1.43.
Hillenbrand (NYSE:HI – Get Free Report) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. The business had revenue of $837.60 million during the quarter, compared to analysts’ expectations of $793.38 million. During the same quarter in the previous year, the business earned $1.13 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. Equities research analysts forecast that Hillenbrand, Inc. will post 3.2 EPS for the current fiscal year.
Hillenbrand Increases Dividend
The company also recently disclosed 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 a positive change from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Monday, December 16th. Hillenbrand’s dividend payout ratio (DPR) is currently -29.77%.
Hillenbrand 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.
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