Hillenbrand, Inc. (NYSE:HI) Shares Bought by State Street Corp

State Street Corp lifted its holdings in shares of Hillenbrand, Inc. (NYSE:HI) by 0.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,739,689 shares of the company’s stock after purchasing an additional 19,546 shares during the quarter. State Street Corp owned about 3.90% of Hillenbrand worth $76,163,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Hillenbrand by 13.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock worth $87,408,000 after buying an additional 253,730 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Hillenbrand during the third quarter worth approximately $4,368,000. Bernzott Capital Advisors raised its stake in Hillenbrand by 51.3% during the third quarter. Bernzott Capital Advisors now owns 225,753 shares of the company’s stock worth $6,276,000 after purchasing an additional 76,533 shares during the period. Financial Counselors Inc. boosted its holdings in shares of Hillenbrand by 30.1% in the 3rd quarter. Financial Counselors Inc. now owns 322,252 shares of the company’s stock valued at $8,959,000 after purchasing an additional 74,527 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Hillenbrand by 2.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company’s stock valued at $79,877,000 after buying an additional 66,741 shares during the period. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Hillenbrand Price Performance

Shares of NYSE HI opened at $30.81 on Wednesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.83. Hillenbrand, Inc. has a 1-year low of $25.11 and a 1-year high of $50.58. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of -10.30 and a beta of 1.43. The business has a 50-day moving average of $30.61 and a 200-day moving average of $34.37.

Hillenbrand (NYSE:HI) last released its quarterly earnings results on Wednesday, November 13th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. The firm had revenue of $837.60 million during the quarter, compared to analysts’ expectations of $793.38 million. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. Hillenbrand’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.13 EPS. On average, equities analysts anticipate 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 given a $0.225 dividend. This is a boost from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Monday, December 16th. Hillenbrand’s dividend payout ratio is presently -30.10%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. DA Davidson reaffirmed a “neutral” rating and issued a $33.00 target price on shares of Hillenbrand in a research report on Friday, November 15th. StockNews.com upgraded Hillenbrand from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, KeyCorp cut their price target on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $44.67.

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.