7,066 Shares in Hillenbrand, Inc. (NYSE:HI) Bought by Algert Global LLC

Algert Global LLC acquired a new stake in shares of Hillenbrand, Inc. (NYSE:HI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,066 shares of the company’s stock, valued at approximately $283,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HI. GAMMA Investing LLC boosted its holdings in shares of Hillenbrand by 58.2% in the 2nd quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock worth $28,000 after purchasing an additional 262 shares during the period. Transcendent Capital Group LLC bought a new stake in Hillenbrand in the fourth quarter worth $63,000. Summit Securities Group LLC purchased a new position in Hillenbrand during the second quarter worth $90,000. Innealta Capital LLC bought a new position in Hillenbrand during the second quarter valued at $93,000. Finally, LRI Investments LLC purchased a new stake in shares of Hillenbrand in the first quarter valued at $117,000. 89.09% of the stock is owned by hedge funds and other institutional investors.

Hillenbrand Price Performance

Hillenbrand stock opened at $26.40 on Thursday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.35 and a quick ratio of 0.88. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 21.82 and a beta of 1.38. The firm has a 50-day moving average of $30.89 and a two-hundred day moving average of $39.75. Hillenbrand, Inc. has a 1 year low of $25.11 and a 1 year high of $50.58.

Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The firm had revenue of $786.60 million during the quarter, compared to analyst estimates of $818.16 million. Hillenbrand had a positive return on equity of 14.89% and a negative net margin of 6.67%. Hillenbrand’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 earnings per share. On average, research analysts forecast that Hillenbrand, Inc. will post 3.23 earnings per share for the current year.

Hillenbrand Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $0.2225 per share. This represents a $0.89 annualized dividend and a yield of 3.37%. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, September 16th. Hillenbrand’s dividend payout ratio (DPR) is presently 73.55%.

Analyst Ratings Changes

A number of equities analysts recently commented on HI shares. KeyCorp initiated coverage on shares of Hillenbrand in a research note on Wednesday, July 10th. They set an “overweight” rating and a $50.00 price target for the company. DA Davidson lowered Hillenbrand from a “buy” rating to a “neutral” rating and dropped their target price for the company from $54.00 to $33.00 in a research report on Monday, August 12th. Finally, StockNews.com upgraded Hillenbrand from a “sell” rating to a “hold” rating in a report on Friday, September 6th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

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.