Channing Capital Management LLC Makes New Investment in Hillenbrand, Inc. (NYSE:HI)

Channing Capital Management LLC acquired a new stake in Hillenbrand, Inc. (NYSE:HI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 670,825 shares of the company's stock, valued at approximately $20,648,000. Channing Capital Management LLC owned approximately 0.95% of Hillenbrand as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP bought a new position in shares of Hillenbrand during the third quarter valued at approximately $627,000. Jane Street Group LLC grew its holdings in shares of Hillenbrand by 19.3% during the third quarter. Jane Street Group LLC now owns 205,053 shares of the company's stock valued at $5,700,000 after buying an additional 33,117 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Hillenbrand by 284.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,995 shares of the company's stock worth $611,000 after buying an additional 16,274 shares during the last quarter. Financial Counselors Inc. raised its holdings in Hillenbrand by 30.1% during the third quarter. Financial Counselors Inc. now owns 322,252 shares of the company's stock valued at $8,959,000 after buying an additional 74,527 shares in the last quarter. Finally, State Street Corp raised its holdings in Hillenbrand by 0.7% in the 3rd quarter. State Street Corp now owns 2,739,689 shares of the company's stock worth $76,163,000 after acquiring an additional 19,546 shares during the period. Hedge funds and other institutional investors own 89.09% of the company's stock.

Remove Ads

Analyst Ratings Changes

HI has been the subject of a number of recent analyst reports. KeyCorp dropped their target price on shares of Hillenbrand from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, November 14th. DA Davidson reissued a "neutral" rating and issued a $33.00 price target on shares of Hillenbrand in a research note on Friday, November 15th. Finally, StockNews.com lowered Hillenbrand from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th.

Hillenbrand Price Performance

Hillenbrand stock traded down $0.07 during mid-day trading on Wednesday, reaching $26.49. 241,954 shares of the company were exchanged, compared to its average volume of 411,594. The company has a fifty day simple moving average of $31.94 and a 200-day simple moving average of $30.63. Hillenbrand, Inc. has a 12 month low of $25.11 and a 12 month high of $50.58. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.86. The firm has a market cap of $1.87 billion, a PE ratio of -8.44 and a beta of 1.41.

Hillenbrand (NYSE:HI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. Hillenbrand had a negative net margin of 7.12% and a positive return on equity of 15.00%. During the same period in the previous year, the business earned $0.69 earnings per share. As a group, equities research analysts expect that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Friday, March 14th. Hillenbrand's dividend payout ratio is presently -28.66%.

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.