Allianz Asset Management GmbH bought a new stake in shares of Hillenbrand, Inc. (NYSE:HI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,765 shares of the company’s stock, valued at approximately $418,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strs Ohio boosted its position in shares of Hillenbrand by 50.0% in the 2nd quarter. Strs Ohio now owns 3,000 shares of the company’s stock worth $108,000 after purchasing an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Hillenbrand by 9.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,226 shares of the company’s stock worth $116,000 after purchasing an additional 268 shares in the last quarter. Acrospire Investment Management LLC boosted its position in shares of Hillenbrand by 164.2% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,701 shares of the company’s stock worth $134,000 after purchasing an additional 2,300 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Hillenbrand by 6.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,771 shares of the company’s stock worth $136,000 after purchasing an additional 230 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its position in shares of Hillenbrand by 63.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,896 shares of the company’s stock worth $177,000 after purchasing an additional 1,896 shares in the last quarter. 76.33% of the stock is currently owned by institutional investors and hedge funds.
In other Hillenbrand news, insider Joe Anthony Raver sold 34,565 shares of Hillenbrand stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $43.25, for a total transaction of $1,494,936.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Diane R. Bohman sold 6,873 shares of Hillenbrand stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $43.50, for a total value of $298,975.50. Following the sale, the senior vice president now directly owns 36,544 shares of the company’s stock, valued at approximately $1,589,664. The disclosure for this sale can be found here. Insiders own 1.74% of the company’s stock.
Shares of Hillenbrand, Inc. (HI) opened at $44.70 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.16 and a quick ratio of 0.86. The firm has a market capitalization of $2,817.13, a price-to-earnings ratio of 22.58 and a beta of 1.41. Hillenbrand, Inc. has a 52-week low of $34.65 and a 52-week high of $46.50.
Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Wednesday, November 15th. The company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.04. Hillenbrand had a return on equity of 19.26% and a net margin of 7.94%. The firm had revenue of $442.90 million during the quarter, compared to analysts’ expectations of $427.45 million. During the same quarter last year, the firm earned $0.58 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. research analysts expect that Hillenbrand, Inc. will post 2.24 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were given a dividend of $0.2075 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.83 dividend on an annualized basis and a yield of 1.86%. This is a boost from Hillenbrand’s previous quarterly dividend of $0.21. Hillenbrand’s payout ratio is currently 41.92%.
A number of analysts have recently weighed in on the company. B. Riley reissued a “buy” rating on shares of Hillenbrand in a research report on Wednesday, November 1st. ValuEngine raised Hillenbrand from a “hold” rating to a “buy” rating in a research report on Sunday. Zacks Investment Research raised Hillenbrand from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Tuesday, December 12th. Finally, Capital One Financial assumed coverage on Hillenbrand in a research report on Monday, October 23rd. They issued an “equal weight” rating for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $50.50.
Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
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