Auto Owners Insurance Co Has $211,000 Position in Hillenbrand Inc $HI

Auto Owners Insurance Co increased its position in Hillenbrand Inc (NYSE:HI) by 49.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 10,500 shares of the company’s stock after acquiring an additional 3,467 shares during the quarter. Auto Owners Insurance Co’s holdings in Hillenbrand were worth $211,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HI. GAMMA Investing LLC increased its stake in shares of Hillenbrand by 65.9% in the first quarter. GAMMA Investing LLC now owns 1,966 shares of the company’s stock valued at $47,000 after buying an additional 781 shares during the period. Illinois Municipal Retirement Fund acquired a new position in shares of Hillenbrand in the first quarter valued at approximately $973,000. Verity Asset Management Inc. acquired a new position in shares of Hillenbrand in the first quarter valued at approximately $239,000. Teacher Retirement System of Texas acquired a new position in shares of Hillenbrand in the first quarter valued at approximately $248,000. Finally, Principal Financial Group Inc. increased its stake in shares of Hillenbrand by 2.8% in the first quarter. Principal Financial Group Inc. now owns 350,973 shares of the company’s stock valued at $8,472,000 after buying an additional 9,615 shares during the period. Institutional investors and hedge funds own 89.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HI shares. Zacks Research downgraded Hillenbrand from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. DA Davidson upped their target price on Hillenbrand from $24.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. CJS Securities reiterated a “market perform” rating and issued a $32.00 target price on shares of Hillenbrand in a report on Thursday, October 16th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Hillenbrand in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $34.67.

Hillenbrand Stock Performance

Shares of HI stock opened at $31.53 on Wednesday. The business’s 50 day simple moving average is $26.63 and its 200 day simple moving average is $23.09. Hillenbrand Inc has a one year low of $18.36 and a one year high of $35.59. The stock has a market capitalization of $2.22 billion, a PE ratio of -126.10 and a beta of 1.46. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.25 and a quick ratio of 0.87.

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

Hillenbrand Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, September 15th. Hillenbrand’s dividend payout ratio is presently -360.00%.

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.