Fifth Third Bancorp Boosts Position in Hillenbrand, Inc. (NYSE:HI)

Fifth Third Bancorp boosted its position in Hillenbrand, Inc. (NYSE:HI) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,208 shares of the company’s stock after purchasing an additional 387 shares during the period. Fifth Third Bancorp owned about 0.11% of Hillenbrand worth $2,469,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Mercer Global Advisors Inc. ADV increased its stake in shares of Hillenbrand by 25.5% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,394 shares of the company’s stock worth $216,000 after purchasing an additional 1,096 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Hillenbrand by 13.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,177 shares of the company’s stock worth $239,000 after buying an additional 710 shares during the period. Squarepoint Ops LLC purchased a new position in shares of Hillenbrand during the 2nd quarter valued at about $394,000. The Manufacturers Life Insurance Company grew its stake in shares of Hillenbrand by 3.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 37,639 shares of the company’s stock valued at $1,506,000 after acquiring an additional 1,366 shares during the period. Finally, Algert Global LLC bought a new stake in Hillenbrand during the 2nd quarter worth approximately $283,000. 89.09% of the stock is currently owned by institutional investors.

Hillenbrand Trading Down 1.9 %

Shares of HI opened at $34.35 on Tuesday. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of -11.49 and a beta of 1.43. 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 50-day moving average of $32.39 and a 200 day moving average of $32.37.

Hillenbrand (NYSE:HI) last announced its quarterly earnings results 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. The firm had revenue of $837.60 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.13 earnings per share. On average, research analysts expect that Hillenbrand, Inc. will post 3.2 EPS for the current year.

Hillenbrand Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.225 dividend. The ex-dividend date was Monday, December 16th. 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 2.62%. Hillenbrand’s dividend payout ratio is -30.10%.

Wall Street Analysts Forecast Growth

HI has been the subject of a number of analyst reports. StockNews.com raised shares of Hillenbrand from a “hold” rating to a “buy” rating in a research note on Thursday, December 26th. DA Davidson reissued a “neutral” rating and set a $33.00 price objective on shares of Hillenbrand in a report on Friday, November 15th. Finally, KeyCorp dropped their target price on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 14th.

Hillenbrand Company 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.