Geode Capital Management LLC Boosts Stock Holdings in Hillenbrand, Inc. (NYSE:HI)

Geode Capital Management LLC lifted its holdings in shares of Hillenbrand, Inc. (NYSE:HI) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,602,744 shares of the company’s stock after buying an additional 6,682 shares during the quarter. Geode Capital Management LLC owned about 2.28% of Hillenbrand worth $44,565,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Hillenbrand by 13.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock worth $87,408,000 after acquiring an additional 253,730 shares during the period. Edgestream Partners L.P. purchased a new position in Hillenbrand during the 3rd quarter valued at about $4,368,000. Bernzott Capital Advisors increased its position in shares of Hillenbrand by 51.3% during the third quarter. Bernzott Capital Advisors now owns 225,753 shares of the company’s stock valued at $6,276,000 after buying an additional 76,533 shares during the period. Financial Counselors Inc. lifted its holdings in shares of Hillenbrand by 30.1% in the third quarter. Financial Counselors Inc. now owns 322,252 shares of the company’s stock worth $8,959,000 after buying an additional 74,527 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Hillenbrand by 2.4% in the third quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company’s stock valued at $79,877,000 after acquiring an additional 66,741 shares during the period. 89.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. DA Davidson reiterated a “neutral” rating and issued a $33.00 target price on shares of Hillenbrand in a research note on Friday, November 15th. StockNews.com raised Hillenbrand from a “hold” rating to a “buy” rating in a research note on Tuesday, December 17th. Finally, KeyCorp decreased their target price on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th.

Hillenbrand Price Performance

Shares of NYSE:HI opened at $30.05 on Tuesday. The company’s fifty day moving average price is $30.98 and its 200-day moving average price is $33.84. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.83. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of -10.05 and a beta of 1.43. Hillenbrand, Inc. has a one year low of $25.11 and a one year high of $50.58.

Hillenbrand (NYSE:HI) last released its earnings results on Wednesday, November 13th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. The business had revenue of $837.60 million for the quarter, compared to analysts’ expectations of $793.38 million. During the same quarter in the prior year, the firm earned $1.13 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. On average, equities research analysts anticipate that Hillenbrand, Inc. will post 3.2 earnings per share for the current fiscal year.

Hillenbrand Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.225 dividend. This is an increase from Hillenbrand’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.90 dividend on an annualized basis and a yield of 3.00%. Hillenbrand’s payout ratio is presently -30.10%.

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.