KLP Kapitalforvaltning AS Grows Stock Holdings in Hillenbrand Inc $HI

KLP Kapitalforvaltning AS lifted its position in shares of Hillenbrand Inc (NYSE:HI) by 20.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 15,900 shares of the company’s stock after purchasing an additional 2,700 shares during the period. KLP Kapitalforvaltning AS’s holdings in Hillenbrand were worth $319,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Hillenbrand by 65.9% during the 1st quarter. GAMMA Investing LLC now owns 1,966 shares of the company’s stock worth $47,000 after purchasing an additional 781 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Hillenbrand by 29.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,432 shares of the company’s stock worth $49,000 after acquiring an additional 547 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Hillenbrand during the 1st quarter worth $84,000. Jones Financial Companies Lllp raised its stake in Hillenbrand by 622.7% during the 1st quarter. Jones Financial Companies Lllp now owns 3,729 shares of the company’s stock worth $90,000 after acquiring an additional 3,213 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in Hillenbrand by 69.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 8,152 shares of the company’s stock worth $197,000 after acquiring an additional 3,332 shares in the last quarter. 89.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on HI. CJS Securities reiterated a “market perform” rating and set a $32.00 price target on shares of Hillenbrand in a research note on Thursday. DA Davidson lifted their price target on shares of Hillenbrand from $24.00 to $32.00 and gave the stock a “neutral” rating in a research note on Thursday. Zacks Research lowered shares of Hillenbrand from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Hillenbrand in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $34.67.

Hillenbrand Trading Up 0.5%

NYSE HI opened at $31.48 on Monday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.87 and a current ratio of 1.25. The firm has a market cap of $2.22 billion, a PE ratio of -125.90 and a beta of 1.46. Hillenbrand Inc has a one year low of $18.36 and a one year high of $35.59. The firm’s fifty day moving average is $25.65 and its two-hundred day moving average is $22.58.

Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $598.90 million for the quarter, compared to analyst estimates of $572.48 million. Hillenbrand had a negative net margin of 0.63% and a positive return on equity of 13.53%. Hillenbrand’s quarterly revenue was down 23.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 earnings per share. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. Analysts expect that Hillenbrand Inc will post 2.53 earnings per share for the current year.

Hillenbrand Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $0.225 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.90 annualized dividend and a dividend yield of 2.9%. Hillenbrand’s payout ratio is presently -360.00%.

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.