nVerses Capital LLC Invests $75,000 in Hillenbrand, Inc. (NYSE:HI)

nVerses Capital LLC purchased a new position in Hillenbrand, Inc. (NYSE:HI) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,700 shares of the company’s stock, valued at approximately $75,000.

A number of other hedge funds also recently bought and sold shares of the company. UniSuper Management Pty Ltd purchased a new stake in Hillenbrand during the 1st quarter valued at $755,000. Vanguard Group Inc. raised its position in Hillenbrand by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 8,702,418 shares of the company’s stock worth $437,645,000 after buying an additional 290,275 shares during the last quarter. Lazard Asset Management LLC bought a new position in Hillenbrand during the 1st quarter valued at about $3,285,000. Raymond James & Associates boosted its holdings in shares of Hillenbrand by 4.3% during the 2nd quarter. Raymond James & Associates now owns 392,196 shares of the company’s stock valued at $15,696,000 after acquiring an additional 16,323 shares during the last quarter. Finally, Tidal Investments LLC purchased a new position in shares of Hillenbrand during the first quarter valued at approximately $281,000. Institutional investors own 89.09% of the company’s stock.

Hillenbrand Price Performance

Shares of Hillenbrand stock opened at $27.91 on Tuesday. The stock has a market cap of $1.96 billion, a P/E ratio of 23.07 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. The stock’s fifty day moving average is $29.20 and its 200 day moving average is $38.45. Hillenbrand, Inc. has a one year low of $25.11 and a one year high of $50.58.

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

Hillenbrand Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.2225 dividend. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Monday, September 16th. Hillenbrand’s dividend payout ratio is presently 73.55%.

Analysts Set New Price Targets

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