Campbell & CO Investment Adviser LLC bought a new position in Hillenbrand, Inc. (NYSE:HI) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 14,836 shares of the company’s stock, valued at approximately $421,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Clarkston Capital Partners LLC lifted its holdings in Hillenbrand by 1.2% in the 2nd quarter. Clarkston Capital Partners LLC now owns 5,803,899 shares of the company’s stock worth $157,112,000 after purchasing an additional 68,824 shares during the last quarter. Jana Partners LLC acquired a new stake in Hillenbrand in the 1st quarter worth approximately $69,962,000. State Street Corp lifted its holdings in Hillenbrand by 15.1% in the 1st quarter. State Street Corp now owns 2,565,521 shares of the company’s stock worth $49,027,000 after purchasing an additional 337,132 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Hillenbrand by 18.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,521,163 shares of the company’s stock worth $41,178,000 after purchasing an additional 240,056 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Hillenbrand by 4.5% in the 2nd quarter. Principal Financial Group Inc. now owns 1,257,658 shares of the company’s stock worth $34,045,000 after buying an additional 53,713 shares during the period. Hedge funds and other institutional investors own 82.70% of the company’s stock.
In other news, SVP Kimberly K. Ryan sold 3,100 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $32.92, for a total transaction of $102,052.00. Following the sale, the senior vice president now directly owns 73,600 shares in the company, valued at $2,422,912. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.41% of the company’s stock.
HI has been the topic of several recent analyst reports. ValuEngine downgraded Hillenbrand from a “sell” rating to a “strong sell” rating in a research report on Saturday. Barrington Research initiated coverage on Hillenbrand in a research report on Wednesday. They issued an “outperform” rating and a $44.00 price target on the stock. Finally, Zacks Investment Research downgraded Hillenbrand from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $42.25.
HI opened at $31.49 on Friday. The stock has a market cap of $2.35 billion, a PE ratio of -95.42 and a beta of 1.46. The company has a current ratio of 1.62, a quick ratio of 1.07 and a debt-to-equity ratio of 1.59. Hillenbrand, Inc. has a 1 year low of $13.61 and a 1 year high of $34.63. The stock’s 50 day simple moving average is $29.90 and its 200-day simple moving average is $26.36.
Hillenbrand (NYSE:HI) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.29. The business had revenue of $607.50 million for the quarter. Hillenbrand had a positive return on equity of 17.93% and a negative net margin of 1.23%. Equities analysts forecast that Hillenbrand, Inc. will post 2.34 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were given a dividend of $0.2125 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Tuesday, September 15th. Hillenbrand’s dividend payout ratio is presently 34.69%.
Hillenbrand Company Profile
Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.
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