Wilmington Savings Fund Society FSB Buys Shares of 617,920 Hillenbrand, Inc. (NYSE:HI)

Wilmington Savings Fund Society FSB bought a new stake in Hillenbrand, Inc. (NYSE:HI - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 617,920 shares of the company's stock, valued at approximately $17,178,000. Wilmington Savings Fund Society FSB owned approximately 0.88% of Hillenbrand as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of HI. SkyView Investment Advisors LLC increased its holdings in shares of Hillenbrand by 4.5% in the 3rd quarter. SkyView Investment Advisors LLC now owns 20,490 shares of the company's stock worth $570,000 after buying an additional 891 shares during the last quarter. Geode Capital Management LLC grew its position in Hillenbrand by 0.4% in the third quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company's stock worth $44,565,000 after acquiring an additional 6,682 shares in the last quarter. Barclays PLC raised its position in Hillenbrand by 17.9% during the third quarter. Barclays PLC now owns 318,078 shares of the company's stock valued at $8,841,000 after purchasing an additional 48,230 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Hillenbrand in the 3rd quarter valued at approximately $223,000. Finally, XTX Topco Ltd lifted its stake in shares of Hillenbrand by 13.4% in the 3rd quarter. XTX Topco Ltd now owns 15,052 shares of the company's stock valued at $418,000 after purchasing an additional 1,774 shares during the last quarter. Institutional investors own 89.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. KeyCorp decreased their price target on Hillenbrand from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Thursday, November 14th. StockNews.com upgraded shares of Hillenbrand from a "sell" rating to a "hold" rating in a research report on Friday, November 22nd. Finally, DA Davidson restated a "neutral" rating and issued a $33.00 target price on shares of Hillenbrand in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $44.67.

Hillenbrand Trading Down 1.1 %

Shares of NYSE HI traded down $0.36 during midday trading on Thursday, hitting $33.00. The company's stock had a trading volume of 291,509 shares, compared to its average volume of 394,994. Hillenbrand, Inc. has a 12-month low of $25.11 and a 12-month high of $50.58. The company has a current ratio of 1.27, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The firm has a market cap of $2.32 billion, a P/E ratio of -11.04 and a beta of 1.43. The business's 50 day moving average is $30.42 and its two-hundred day moving average is $34.69.

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

Hillenbrand Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 2.73%. This is a boost from Hillenbrand's previous quarterly dividend of $0.22. The ex-dividend date is Monday, December 16th. Hillenbrand's payout ratio is -30.10%.

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.