Bernzott Capital Advisors Grows Stake in Hillenbrand, Inc. (NYSE:HI)

Bernzott Capital Advisors grew its position in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) by 51.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 225,753 shares of the company's stock after purchasing an additional 76,533 shares during the period. Hillenbrand makes up approximately 2.7% of Bernzott Capital Advisors' investment portfolio, making the stock its 23rd biggest position. Bernzott Capital Advisors owned 0.32% of Hillenbrand worth $6,276,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. UniSuper Management Pty Ltd bought a new stake in Hillenbrand in the first quarter worth about $755,000. Vanguard Group Inc. lifted its stake in Hillenbrand by 3.5% in the first quarter. Vanguard Group Inc. now owns 8,702,418 shares of the company's stock worth $437,645,000 after purchasing an additional 290,275 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Hillenbrand in the first quarter worth about $3,285,000. Raymond James & Associates lifted its stake in Hillenbrand by 4.3% in the second 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 during the last quarter. Finally, Tidal Investments LLC bought a new stake in shares of Hillenbrand during the first quarter valued at approximately $281,000. Hedge funds and other institutional investors own 89.09% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. StockNews.com raised shares of Hillenbrand from a "sell" rating to a "hold" rating in a research note on Friday, September 6th. KeyCorp assumed coverage on shares of Hillenbrand in a research note on Wednesday, July 10th. They set an "overweight" rating and a $50.00 price target for the company. Finally, DA Davidson lowered shares of Hillenbrand from a "buy" rating to a "neutral" rating and cut their price objective for the company from $54.00 to $33.00 in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.00.

Hillenbrand Stock Down 1.1 %

NYSE HI traded down $0.30 on Tuesday, hitting $27.90. The stock had a trading volume of 281,219 shares, compared to its average volume of 388,836. The business's fifty day moving average price is $28.60 and its 200 day moving average price is $37.73. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.35 and a quick ratio of 0.88. Hillenbrand, Inc. has a 52-week low of $25.11 and a 52-week high of $50.58. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 22.69 and a beta of 1.38.

Hillenbrand (NYSE:HI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.03. The firm had revenue of $786.60 million for the quarter, compared to analyst estimates of $818.16 million. Hillenbrand had a negative net margin of 6.67% and a positive return on equity of 14.89%. The business's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.95 earnings per share. Equities research analysts anticipate that Hillenbrand, Inc. will post 3.23 earnings per share for the current year.

Hillenbrand Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.2225 per share. The ex-dividend date of this dividend was Monday, September 16th. This is a positive change from Hillenbrand's previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 3.19%. Hillenbrand's payout ratio is 73.55%.

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.