Creative Planning Sells 969 Shares of Hillenbrand, Inc. (NYSE:HI)

Creative Planning lowered its stake in shares of Hillenbrand, Inc. (NYSE:HI) by 3.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,564 shares of the company’s stock after selling 969 shares during the quarter. Creative Planning’s holdings in Hillenbrand were worth $711,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Matrix Trust Co purchased a new stake in Hillenbrand during the third quarter valued at about $25,000. GAMMA Investing LLC lifted its holdings in Hillenbrand by 58.2% during the second quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock valued at $28,000 after purchasing an additional 262 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Hillenbrand during the second quarter valued at about $90,000. Innealta Capital LLC purchased a new stake in Hillenbrand during the second quarter valued at about $93,000. Finally, LRI Investments LLC lifted its holdings in Hillenbrand by 15.0% during the second quarter. LRI Investments LLC now owns 2,679 shares of the company’s stock valued at $107,000 after purchasing an additional 349 shares during the last quarter. Institutional investors own 89.09% of the company’s stock.

Hillenbrand Stock Up 0.9 %

HI stock opened at $27.79 on Monday. The company has a current ratio of 1.35, a quick ratio of 0.88 and a debt-to-equity ratio of 1.44. The company’s 50 day moving average is $28.17 and its 200 day moving average is $37.19. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of -9.45 and a beta of 1.38. Hillenbrand, Inc. has a 1-year low of $25.11 and a 1-year high of $50.58.

Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.03. The company had revenue of $786.60 million for the quarter, compared to analysts’ expectations of $818.16 million. Hillenbrand had a negative net margin of 6.67% and a positive return on equity of 14.89%. Hillenbrand’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 earnings per share. Sell-side analysts predict that Hillenbrand, Inc. will post 3.23 EPS for the current fiscal year.

Hillenbrand Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.2225 per share. This is a boost from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date was Monday, September 16th. Hillenbrand’s dividend payout ratio (DPR) is presently -30.27%.

Analyst Upgrades and Downgrades

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

About Hillenbrand

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.