Hillenbrand, Inc. (NYSE:HI) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,873,289 shares of the company's stock after purchasing an additional 66,741 shares during the period. Victory Capital Management Inc. owned 4.09% of Hillenbrand worth $79,877,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HI. GAMMA Investing LLC grew its holdings in shares of Hillenbrand by 58.2% during the second quarter. GAMMA Investing LLC now owns 712 shares of the company's stock valued at $28,000 after buying an additional 262 shares during the last quarter. Matrix Trust Co purchased a new position in shares of Hillenbrand in the third quarter worth about $25,000. Kennebec Savings Bank acquired a new stake in shares of Hillenbrand during the third quarter worth about $48,000. Summit Securities Group LLC purchased a new stake in Hillenbrand in the second quarter valued at approximately $90,000. Finally, Innealta Capital LLC acquired a new position in Hillenbrand in the 2nd quarter worth approximately $93,000. Institutional investors and hedge funds own 89.09% of the company's stock.

Hillenbrand Trading Up 11.7 %

NYSE:HI traded up $3.53 on Thursday, reaching $33.70. 1,179,187 shares of the company's stock were exchanged, compared to its average volume of 390,508. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of -11.29 and a beta of 1.38. Hillenbrand, Inc. has a 52-week low of $25.11 and a 52-week high of $50.58. The company has a quick ratio of 0.88, a current ratio of 1.35 and a debt-to-equity ratio of 1.44. The business has a fifty day moving average of $27.87 and a 200-day moving average of $36.26.

Hillenbrand Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.2225 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 2.64%. This is a positive change from Hillenbrand's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, September 16th. Hillenbrand's dividend payout ratio is presently -30.27%.

Wall Street Analyst Weigh In

Several analysts recently commented on HI shares. DA Davidson lowered Hillenbrand from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $54.00 to $33.00 in a report on Monday, August 12th. StockNews.com upgraded shares of Hillenbrand from a "sell" rating to a "hold" rating in a research note on Friday, September 6th. Finally, 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. Two 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 company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $44.67.

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.