Raymond James Trust N.A. boosted its holdings in Hillenbrand, Inc. (NYSE:HI – Get Rating) by 2.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,212 shares of the company's stock after purchasing an additional 376 shares during the quarter. Raymond James Trust N.A.'s holdings in Hillenbrand were worth $541,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in HI. Goldman Sachs Group Inc. raised its holdings in shares of Hillenbrand by 115.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 764,485 shares of the company's stock worth $39,745,000 after acquiring an additional 409,500 shares in the last quarter. LSV Asset Management raised its holdings in shares of Hillenbrand by 13.9% during the 1st quarter. LSV Asset Management now owns 2,223,563 shares of the company's stock worth $98,215,000 after acquiring an additional 271,154 shares in the last quarter. Royce & Associates LP raised its holdings in shares of Hillenbrand by 717.8% during the 1st quarter. Royce & Associates LP now owns 228,929 shares of the company's stock worth $10,112,000 after acquiring an additional 200,936 shares in the last quarter. Leeward Investments LLC MA purchased a new stake in shares of Hillenbrand during the 1st quarter worth approximately $7,006,000. Finally, Panagora Asset Management Inc. raised its holdings in shares of Hillenbrand by 415.2% during the 1st quarter. Panagora Asset Management Inc. now owns 121,524 shares of the company's stock worth $5,368,000 after acquiring an additional 97,937 shares in the last quarter. 88.74% of the stock is currently owned by institutional investors.
Get Hillenbrand alerts:Hillenbrand Stock Down 2.3 %
Shares of HI opened at $37.74 on Monday. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 0.81 and a beta of 1.38. Hillenbrand, Inc. has a 1 year low of $36.21 and a 1 year high of $54.15. The business's 50 day simple moving average is $43.02 and its 200-day simple moving average is $42.44. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.33 and a quick ratio of 0.85.
Hillenbrand (NYSE:HI – Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.06. Hillenbrand had a return on equity of 23.13% and a net margin of 7.03%. The company had revenue of $720.60 million for the quarter, compared to analyst estimates of $712.00 million. As a group, equities analysts expect that Hillenbrand, Inc. will post 3.9 earnings per share for the current fiscal year.Hillenbrand Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be issued a dividend of $0.218 per share. This represents a $0.87 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, September 15th. This is a positive change from Hillenbrand's previous quarterly dividend of $0.22. Hillenbrand's dividend payout ratio is presently 30.74%.
Insider Activity at Hillenbrand
In related news, CAO Megan A. Walke sold 641 shares of the stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $47.88, for a total transaction of $30,691.08. Following the sale, the chief accounting officer now owns 3,243 shares in the company, valued at approximately $155,274.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.08% of the stock is currently owned by insiders.
Hillenbrand Profile
(Get Rating)
Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. It operates in three segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville. 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, as well as offers equipment system design services; 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.
Further Reading
- Get a free copy of the StockNews.com research report on Hillenbrand (HI)
- Can Caterpillar Claw Higher in a Falling Market?
- Is Dave & Buster's Immune to High Inflation and Lower Spending?
- Should These 3 Top-Performing Mid-Caps Be On Your Watchlist?
- Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
- MarketBeat: Week in Review 9/19 – 9/23
Receive News & Ratings for Hillenbrand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillenbrand and related companies with MarketBeat.com's FREE daily email newsletter.