JPMorgan Chase & Co. Sells 13,020 Shares of Hillenbrand, Inc. (NYSE:HI)

JPMorgan Chase & Co. lessened its stake in Hillenbrand, Inc. (NYSE:HI) by 14.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,193 shares of the company’s stock after selling 13,020 shares during the period. JPMorgan Chase & Co. owned approximately 0.11% of Hillenbrand worth $2,229,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HI. KBC Group NV boosted its stake in shares of Hillenbrand by 32.2% during the 3rd quarter. KBC Group NV now owns 2,263 shares of the company’s stock worth $63,000 after acquiring an additional 551 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of Hillenbrand by 3.8% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 16,657 shares of the company’s stock worth $463,000 after acquiring an additional 603 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of 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 acquiring an additional 710 shares during the last quarter. SkyView Investment Advisors LLC boosted its stake in shares of Hillenbrand by 4.5% during the 3rd quarter. SkyView Investment Advisors LLC now owns 20,490 shares of the company’s stock worth $570,000 after acquiring an additional 891 shares during the last quarter. Finally, Matrix Trust Co purchased a new position in shares of Hillenbrand during the 3rd quarter worth $25,000. Institutional investors own 89.09% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. DA Davidson restated a “neutral” rating and set a $33.00 target price on shares of Hillenbrand in a research note on Friday, November 15th. StockNews.com upgraded shares of Hillenbrand from a “hold” rating to a “buy” rating in a research note on Thursday, December 26th. Finally, KeyCorp lowered their target price on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th.

Hillenbrand Stock Up 3.4 %

HI opened at $35.09 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 1.27. Hillenbrand, Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $50.58. The firm’s fifty day moving average is $32.13 and its 200 day moving average is $32.48. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of -11.74 and a beta of 1.43.

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

Hillenbrand Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.225 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.90 annualized dividend and a yield of 2.56%. This is a boost from Hillenbrand’s previous quarterly dividend of $0.22. Hillenbrand’s payout ratio is presently -30.10%.

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.