Hillenbrand, Inc. (NYSE:HI) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its stake in Hillenbrand, Inc. (NYSE:HI) by 18.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 42,759 shares of the company’s stock after selling 9,359 shares during the quarter. Sei Investments Co. owned 0.06% of Hillenbrand worth $1,711,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Intech Investment Management LLC acquired a new stake in Hillenbrand in the 2nd quarter valued at $315,000. MQS Management LLC acquired a new stake in Hillenbrand during the 2nd quarter worth $257,000. XTX Topco Ltd boosted its stake in Hillenbrand by 107.3% during the 2nd quarter. XTX Topco Ltd now owns 13,278 shares of the company’s stock worth $531,000 after purchasing an additional 6,873 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Hillenbrand by 13.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,177 shares of the company’s stock worth $239,000 after purchasing an additional 710 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in Hillenbrand by 25.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,394 shares of the company’s stock worth $216,000 after purchasing an additional 1,096 shares during the last quarter. Institutional investors and hedge funds own 89.09% of the company’s stock.

Wall Street Analyst Weigh In

HI has been the topic of several recent research reports. StockNews.com raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. KeyCorp initiated coverage on shares of Hillenbrand in a research note on Wednesday, July 10th. They set an “overweight” rating and a $50.00 target price on the stock. Finally, DA Davidson cut shares of Hillenbrand from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $54.00 to $33.00 in a research note on Monday, August 12th. Two investment 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 stock. Based on data from MarketBeat.com, Hillenbrand presently has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Hillenbrand Trading Up 2.9 %

Shares of HI stock opened at $27.28 on Friday. The company’s 50-day moving average price is $31.92 and its 200-day moving average price is $40.24. 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 stock has a market cap of $1.91 billion, a price-to-earnings ratio of 22.55 and a beta of 1.38. Hillenbrand, Inc. has a twelve month low of $25.49 and a twelve month 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 for the quarter, beating the consensus estimate of $0.82 by $0.03. The firm 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%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS. As a group, equities analysts predict that Hillenbrand, Inc. will post 3.23 earnings per share for the current year.

Hillenbrand Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.2225 dividend. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend was Monday, September 16th. Hillenbrand’s payout ratio is 73.55%.

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.