XTX Topco Ltd Has $418,000 Stake in Hillenbrand, Inc. (NYSE:HI)

XTX Topco Ltd boosted its holdings in Hillenbrand, Inc. (NYSE:HI) by 13.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,052 shares of the company’s stock after purchasing an additional 1,774 shares during the quarter. XTX Topco Ltd’s holdings in Hillenbrand were worth $418,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC increased its holdings in Hillenbrand by 327.8% during the 2nd quarter. SG Americas Securities LLC now owns 17,903 shares of the company’s stock worth $716,000 after purchasing an additional 13,718 shares in the last quarter. Raymond James & Associates lifted its stake in Hillenbrand by 4.3% during the 2nd quarter. Raymond James & Associates now owns 392,196 shares of the company’s stock valued at $15,696,000 after acquiring an additional 16,323 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Hillenbrand by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 35,300 shares of the company’s stock worth $1,413,000 after acquiring an additional 600 shares during the last quarter. LRI Investments LLC grew its stake in shares of Hillenbrand by 15.0% in the 2nd quarter. LRI Investments LLC now owns 2,679 shares of the company’s stock worth $107,000 after acquiring an additional 349 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Hillenbrand by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 834,186 shares of the company’s stock valued at $33,384,000 after purchasing an additional 21,986 shares in the last quarter. Institutional investors own 89.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HI shares. StockNews.com raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a research 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 report on Thursday, November 14th. Finally, DA Davidson restated a “neutral” rating and issued a $33.00 price objective on shares of Hillenbrand in a research note on Friday, November 15th. Two 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.67.

Hillenbrand Trading Down 2.6 %

NYSE:HI opened at $32.14 on Monday. The firm’s 50 day moving average is $30.52 and its 200 day moving average is $34.47. Hillenbrand, Inc. has a 12 month low of $25.11 and a 12 month high of $50.58. The stock has a market capitalization of $2.26 billion, a PE ratio of -10.75 and a beta of 1.43. The company has a current ratio of 1.27, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $1.01 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 firm had revenue of $837.60 million for the quarter, compared to analysts’ expectations of $793.38 million. During the same quarter in the prior year, the firm earned $1.13 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Sell-side analysts expect that Hillenbrand, Inc. will post 3.2 earnings per share for the current year.

Hillenbrand Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.225 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.90 annualized dividend and a dividend yield of 2.80%. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. Hillenbrand’s payout ratio is -29.77%.

About Hillenbrand

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.