Hillenbrand, Inc. (NYSE:HI) Position Reduced by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its position in Hillenbrand, Inc. (NYSE:HI - Free Report) by 97.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,470 shares of the company's stock after selling 1,487,619 shares during the quarter. Janus Henderson Group PLC's holdings in Hillenbrand were worth $902,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Matrix Trust Co purchased a new position in Hillenbrand in the third quarter valued at about $25,000. Kennebec Savings Bank purchased a new stake in shares of Hillenbrand during the third quarter worth about $48,000. Summit Securities Group LLC purchased a new stake in shares of Hillenbrand during the second quarter worth about $90,000. KBC Group NV increased its position in shares of Hillenbrand by 32.2% during the third quarter. KBC Group NV now owns 2,263 shares of the company's stock worth $63,000 after acquiring an additional 551 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Hillenbrand during the second quarter worth about $93,000. Institutional investors and hedge funds own 89.09% of the company's stock.

Hillenbrand Stock Down 2.6 %

NYSE:HI traded down $0.85 during mid-day trading on Friday, reaching $32.14. The stock had a trading volume of 390,275 shares, compared to its average volume of 394,975. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of -10.75 and a beta of 1.43. Hillenbrand, Inc. has a 1-year low of $25.11 and a 1-year high of $50.58. The stock's 50 day simple moving average is $30.52 and its two-hundred day simple moving average is $34.47. 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 (NYSE:HI - Get Free Report) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.08. The business had revenue of $837.60 million during 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%. The company's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the firm earned $1.13 earnings per share. Equities analysts anticipate that Hillenbrand, Inc. will post 3.2 EPS for the current year.

Hillenbrand Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.225 dividend. This is an increase from Hillenbrand's previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Monday, December 16th. Hillenbrand's payout ratio is presently -29.77%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HI shares. KeyCorp dropped their target price on Hillenbrand from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Thursday, November 14th. DA Davidson reaffirmed a "neutral" rating and set a $33.00 target price on shares of Hillenbrand in a research report on Friday, November 15th. Finally, StockNews.com raised Hillenbrand from a "sell" rating to a "hold" rating in a research report on Friday, November 22nd. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Hillenbrand currently has an average rating of "Moderate Buy" and a consensus target price 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.