Squarepoint Ops LLC Takes Position in Hillenbrand, Inc. (NYSE:HI)

Squarepoint Ops LLC bought a new position in shares of Hillenbrand, Inc. (NYSE:HI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,850 shares of the company’s stock, valued at approximately $394,000.

Other hedge funds have also added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new stake in shares of Hillenbrand in the 4th quarter worth about $63,000. Vanguard Group Inc. lifted its position in shares of Hillenbrand by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 8,412,143 shares of the company’s stock worth $402,521,000 after buying an additional 133,975 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Hillenbrand during the fourth quarter worth $414,000. Thompson Investment Management Inc. boosted its position in Hillenbrand by 5.0% in the first quarter. Thompson Investment Management Inc. now owns 11,090 shares of the company’s stock worth $558,000 after purchasing an additional 525 shares during the last quarter. Finally, Mirador Capital Partners LP grew its stake in Hillenbrand by 8.6% in the 1st quarter. Mirador Capital Partners LP now owns 16,633 shares of the company’s stock valued at $836,000 after purchasing an additional 1,315 shares during the period. 89.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. DA Davidson downgraded Hillenbrand from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $54.00 to $33.00 in a research report on Monday, August 12th. KeyCorp assumed coverage on shares of Hillenbrand in a report on Wednesday, July 10th. They issued an “overweight” rating and a $50.00 price objective for the company. Finally, StockNews.com raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

Hillenbrand Stock Down 2.8 %

Shares of Hillenbrand stock opened at $25.66 on Friday. The company’s 50 day moving average price is $30.57 and its 200-day moving average price is $39.66. Hillenbrand, Inc. has a 52-week low of $25.11 and a 52-week high of $50.58. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 21.21 and a beta of 1.38. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.88 and a current ratio of 1.35.

Hillenbrand (NYSE:HI) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The firm had revenue of $786.60 million for 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%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. Equities research analysts forecast that Hillenbrand, Inc. will post 3.23 EPS for the current year.

Hillenbrand Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.89 annualized dividend and a yield of 3.47%. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. Hillenbrand’s dividend payout ratio (DPR) is currently 73.55%.

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.