Hillenbrand Inc $HI Shares Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lifted its position in shares of Hillenbrand Inc (NYSE:HI) by 20.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,900 shares of the company’s stock after buying an additional 2,700 shares during the period. KLP Kapitalforvaltning AS’s holdings in Hillenbrand were worth $319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased 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 buying an additional 781 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Hillenbrand by 29.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,432 shares of the company’s stock worth $49,000 after purchasing an additional 547 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Hillenbrand during the 1st quarter worth approximately $84,000. Jones Financial Companies Lllp boosted its position in shares of Hillenbrand by 622.7% during the 1st quarter. Jones Financial Companies Lllp now owns 3,729 shares of the company’s stock worth $90,000 after purchasing an additional 3,213 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of Hillenbrand by 69.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 8,152 shares of the company’s stock worth $197,000 after purchasing an additional 3,332 shares during the period. Institutional investors and hedge funds own 89.09% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hillenbrand Stock Performance

Shares of HI stock opened at $31.48 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 1.23. Hillenbrand Inc has a 52 week low of $18.36 and a 52 week high of $35.59. The stock has a market capitalization of $2.22 billion, a PE ratio of -125.90 and a beta of 1.46. The firm has a 50 day moving average of $25.65 and a two-hundred day moving average of $22.58.

Hillenbrand (NYSE:HI) last issued its quarterly 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. Hillenbrand had a negative net margin of 0.63% and a positive return on equity of 13.53%. The company had revenue of $598.90 million during the quarter, compared to analysts’ expectations of $572.48 million. During the same quarter last year, the company posted $0.85 EPS. The firm’s revenue was down 23.9% compared to the same quarter last year. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. On average, research analysts predict that Hillenbrand Inc will post 2.53 EPS for the current fiscal year.

Hillenbrand Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, September 15th. Hillenbrand’s payout ratio is -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.