Inspire Investing LLC Acquires 5,161 Shares of Hillenbrand Inc $HI

Inspire Investing LLC lifted its holdings in shares of Hillenbrand Inc (NYSE:HI) by 36.5% in the second quarter, Holdings Channel.com reports. The fund owned 19,287 shares of the company’s stock after purchasing an additional 5,161 shares during the quarter. Inspire Investing LLC’s holdings in Hillenbrand were worth $387,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HI. GAMMA Investing LLC lifted its holdings in shares of Hillenbrand by 65.9% during the 1st quarter. GAMMA Investing LLC now owns 1,966 shares of the company’s stock worth $47,000 after acquiring an additional 781 shares during the period. Illinois Municipal Retirement Fund bought a new position in shares of Hillenbrand during the 1st quarter worth about $973,000. Verity Asset Management Inc. bought a new position in shares of Hillenbrand during the 1st quarter worth about $239,000. Teacher Retirement System of Texas bought a new position in shares of Hillenbrand during the 1st quarter worth about $248,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Hillenbrand by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 350,973 shares of the company’s stock worth $8,472,000 after acquiring an additional 9,615 shares during the period. 89.09% of the stock is owned by institutional investors.

Hillenbrand Trading Up 0.2%

HI opened at $31.38 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.87 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $2.21 billion, a PE ratio of -125.52 and a beta of 1.46. Hillenbrand Inc has a 1-year low of $18.36 and a 1-year high of $35.59. The firm has a 50-day moving average price of $25.42 and a two-hundred day moving average price of $22.53.

Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. The firm had revenue of $598.90 million during the quarter, compared to analysts’ expectations of $572.48 million. Hillenbrand had a negative net margin of 0.63% and a positive return on equity of 13.53%. The company’s quarterly revenue was down 23.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 EPS. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. As a group, equities analysts anticipate that Hillenbrand Inc will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, September 15th. Hillenbrand’s dividend payout ratio (DPR) is presently -360.00%.

Analyst Upgrades and Downgrades

HI has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hillenbrand in a report on Wednesday, October 8th. CJS Securities reissued a “market perform” rating and set a $32.00 price target on shares of Hillenbrand in a report on Thursday. DA Davidson lifted their price target on shares of Hillenbrand from $24.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Zacks Research downgraded shares of Hillenbrand from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Hillenbrand currently has a consensus rating of “Hold” and an average target price of $34.67.

About Hillenbrand

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.