Nordea Investment Management AB Acquires 222,323 Shares of Hillenbrand Inc $HI

Nordea Investment Management AB raised its position in Hillenbrand Inc (NYSE:HI) by 84.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 485,870 shares of the company’s stock after buying an additional 222,323 shares during the period. Nordea Investment Management AB owned about 0.69% of Hillenbrand worth $9,849,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of HI. Channing Capital Management LLC boosted its position in Hillenbrand by 224.0% in 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 during the last quarter. T. Rowe Price Investment Management Inc. bought a new position in Hillenbrand in the 1st quarter valued at $25,996,000. New York State Common Retirement Fund boosted its position in Hillenbrand by 130.6% in 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 during the last quarter. Nuveen LLC bought a new position in Hillenbrand in the 1st quarter valued at $7,736,000. Finally, Palisade Capital Management LP boosted its position in Hillenbrand by 28.8% in the 1st quarter. Palisade Capital Management LP now owns 439,477 shares of the company’s stock valued at $10,609,000 after buying an additional 98,175 shares during the last quarter. 89.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Hillenbrand Price Performance

HI stock opened at $31.48 on Monday. The stock has a 50-day moving average price of $25.65 and a two-hundred day moving average price of $22.58. The stock has a market cap of $2.22 billion, a PE ratio of -125.90 and a beta of 1.46. 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 Inc has a 1 year low of $18.36 and a 1 year high of $35.59.

Hillenbrand (NYSE:HI) last released its 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 during 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 company’s revenue was down 23.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. Equities analysts forecast that Hillenbrand Inc will post 2.53 EPS for the current fiscal year.

Hillenbrand Dividend Announcement

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