Holocene Advisors LP acquired a new stake in Hillenbrand, Inc. (NYSE:HI - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 55,253 shares of the company's stock, valued at approximately $1,536,000. Holocene Advisors LP owned approximately 0.08% of Hillenbrand as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tidal Investments LLC acquired a new stake in Hillenbrand in the 1st quarter valued at $281,000. GAMMA Investing LLC grew its holdings in shares of Hillenbrand by 58.2% in the 2nd quarter. GAMMA Investing LLC now owns 712 shares of the company's stock worth $28,000 after purchasing an additional 262 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Hillenbrand by 327.8% in 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 during the last quarter. Raymond James & Associates increased its position in shares of Hillenbrand by 4.3% during the 2nd quarter. Raymond James & Associates now owns 392,196 shares of the company's stock worth $15,696,000 after purchasing an additional 16,323 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted 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 valued at $1,413,000 after purchasing an additional 600 shares during the last quarter. 89.09% of the stock is owned by institutional investors.
Hillenbrand Price Performance
Shares of HI stock traded up $0.23 during trading hours on Friday, reaching $33.18. 369,627 shares of the company were exchanged, compared to its average volume of 453,294. Hillenbrand, Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $50.58. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.83. The stock's fifty day moving average is $29.92 and its two-hundred day moving average is $34.93. The company has a market cap of $2.33 billion, a price-to-earnings ratio of -11.10 and a beta of 1.43.
Hillenbrand (NYSE:HI - Get Free Report) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate 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 negative net margin of 6.63% and a positive return on equity of 14.86%. Hillenbrand's revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 EPS. Sell-side analysts forecast that Hillenbrand, Inc. will post 3.2 earnings per share for the current fiscal year.
Hillenbrand Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 2.71%. This is a positive change from Hillenbrand's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, December 16th. Hillenbrand's dividend payout ratio (DPR) is presently -29.77%.
Analysts Set New Price Targets
Several analysts have weighed in on HI shares. StockNews.com raised shares of Hillenbrand from a "sell" rating to a "hold" rating in a research note on Friday, November 22nd. KeyCorp decreased their price target on Hillenbrand from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Thursday, November 14th. Finally, DA Davidson reiterated a "neutral" rating and issued a $33.00 price objective on shares of Hillenbrand in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Hillenbrand has an average rating of "Moderate Buy" and a consensus price target of $44.67.
Check Out Our Latest Analysis on HI
About Hillenbrand
(
Free Report)
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.
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