KBC Group NV Buys 551 Shares of Hillenbrand, Inc. (NYSE:HI)

KBC Group NV boosted its stake in shares of Hillenbrand, Inc. (NYSE:HI) by 32.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,263 shares of the company’s stock after purchasing an additional 551 shares during the period. KBC Group NV’s holdings in Hillenbrand were worth $63,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Matrix Trust Co purchased a new stake in Hillenbrand in the 3rd quarter worth $25,000. GAMMA Investing LLC grew its position in shares of Hillenbrand by 58.2% during the second quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock worth $28,000 after purchasing an additional 262 shares in the last quarter. Kennebec Savings Bank bought a new stake in Hillenbrand during the 3rd quarter valued at approximately $48,000. nVerses Capital LLC purchased a new position in Hillenbrand in the 3rd quarter worth approximately $75,000. Finally, Summit Securities Group LLC bought a new position in Hillenbrand in the 2nd quarter worth approximately $90,000. Institutional investors own 89.09% of the company’s stock.

Hillenbrand Price Performance

Shares of HI stock opened at $33.78 on Friday. The company has a market capitalization of $2.37 billion, a P/E ratio of -11.31 and a beta of 1.38. The company’s 50-day simple moving average is $28.59 and its two-hundred day simple moving average is $35.74. Hillenbrand, Inc. has a one year low of $25.11 and a one year high of $50.58. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.83.

Hillenbrand (NYSE:HI) last issued its earnings results on Wednesday, November 13th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.08. The business had revenue of $837.60 million during the quarter, compared to analysts’ expectations of $793.38 million. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. The business’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 $1.13 EPS. As a group, equities analysts anticipate that Hillenbrand, Inc. will post 3.45 EPS for the current year.

Hillenbrand Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.2225 dividend. The ex-dividend date of this dividend was Monday, September 16th. This is an increase from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 2.63%. Hillenbrand’s dividend payout ratio (DPR) is currently -29.77%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. DA Davidson reiterated a “neutral” rating and issued a $33.00 target price on shares of Hillenbrand in a research report on Friday, November 15th. StockNews.com raised Hillenbrand from a “sell” rating to a “hold” rating in a report on Friday. Finally, KeyCorp cut their target price on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.67.

Hillenbrand 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.