HORAN Wealth LLC Acquires New Stake in Hillenbrand Inc $HI

HORAN Wealth LLC acquired a new stake in shares of Hillenbrand Inc (NYSE:HI) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 20,883 shares of the company’s stock, valued at approximately $419,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HI. Channing Capital Management LLC increased its position in Hillenbrand by 224.0% during the 1st quarter. Channing Capital Management LLC now owns 2,173,373 shares of the company’s stock valued at $52,465,000 after buying an additional 1,502,548 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new position in Hillenbrand during the 1st quarter valued at approximately $25,996,000. New York State Common Retirement Fund increased its position in Hillenbrand by 130.6% during the 1st quarter. New York State Common Retirement Fund now owns 643,506 shares of the company’s stock valued at $15,534,000 after buying an additional 364,461 shares in the last quarter. Nuveen LLC bought a new position in Hillenbrand during the 1st quarter valued at approximately $7,736,000. Finally, Nordea Investment Management AB increased its position in Hillenbrand by 84.4% during the 2nd quarter. Nordea Investment Management AB now owns 485,870 shares of the company’s stock valued at $9,849,000 after buying an additional 222,323 shares in the last quarter. Institutional investors own 89.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. CJS Securities reaffirmed a “market perform” rating and set a $32.00 price objective on shares of Hillenbrand in a research report on Thursday, October 16th. Zacks Research lowered Hillenbrand from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. DA Davidson lifted their target price on Hillenbrand from $24.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Hillenbrand in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $34.67.

Hillenbrand Stock Up 0.1%

Hillenbrand stock opened at $31.60 on Thursday. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of -126.40 and a beta of 1.50. The stock has a fifty day simple moving average of $27.40 and a two-hundred day simple moving average of $23.55. Hillenbrand Inc has a 12 month low of $18.36 and a 12 month high of $35.59. The company has a current ratio of 1.25, a quick ratio of 0.87 and a debt-to-equity ratio of 1.23.

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

Hillenbrand Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, September 15th. Hillenbrand’s dividend payout ratio (DPR) is -360.00%.

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.