State Street Corp Has $76.16 Million Stock Position in Hillenbrand, Inc. (NYSE:HI)

State Street Corp lifted its stake in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,739,689 shares of the company's stock after acquiring an additional 19,546 shares during the period. State Street Corp owned approximately 3.90% of Hillenbrand worth $76,163,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in HI. Petrus Trust Company LTA grew its position in Hillenbrand by 129.7% in the third quarter. Petrus Trust Company LTA now owns 31,807 shares of the company's stock valued at $884,000 after purchasing an additional 17,958 shares in the last quarter. Point72 DIFC Ltd bought a new stake in Hillenbrand during the third quarter worth about $277,000. Point72 Asset Management L.P. bought a new stake in Hillenbrand during the third quarter worth about $653,000. Holocene Advisors LP acquired a new position in Hillenbrand during the third quarter valued at approximately $1,536,000. Finally, Centiva Capital LP bought a new position in Hillenbrand in the third quarter valued at approximately $263,000. Institutional investors own 89.09% of the company's stock.

Wall Street Analyst Weigh In

HI has been the subject of a number of research analyst reports. StockNews.com upgraded Hillenbrand from a "hold" rating to a "buy" rating in a report on Tuesday. DA Davidson reaffirmed a "neutral" rating and issued a $33.00 price objective on shares of Hillenbrand in a research report on Friday, November 15th. Finally, KeyCorp reduced their price objective 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. One research 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 company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $44.67.

Hillenbrand Price Performance

Shares of Hillenbrand stock traded down $1.18 during midday trading on Wednesday, hitting $29.63. 391,226 shares of the company traded hands, compared to its average volume of 395,666. The firm's fifty day moving average price is $30.71 and its 200-day moving average price is $34.26. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of -9.91 and a beta of 1.43. 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 1.28, a quick ratio of 0.83 and a current ratio of 1.27.

Hillenbrand (NYSE:HI - Get Free Report) last released its quarterly earnings data on Wednesday, November 13th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.08. The company had revenue of $837.60 million for the quarter, compared to the consensus estimate of $793.38 million. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. Hillenbrand's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $1.13 EPS. As a group, sell-side analysts forecast that Hillenbrand, Inc. will post 3.2 earnings per share for the current year.

Hillenbrand Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.225 dividend. 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 dividend yield of 3.04%. The ex-dividend date of this dividend is Monday, December 16th. Hillenbrand's payout ratio is currently -30.10%.

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.