Nordea Investment Management AB Buys 222,323 Shares of Hillenbrand Inc $HI

Nordea Investment Management AB grew its stake in Hillenbrand Inc (NYSE:HI) by 84.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 485,870 shares of the company’s stock after purchasing an additional 222,323 shares during the quarter. Nordea Investment Management AB’s holdings in Hillenbrand were worth $9,849,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HI. Public Employees Retirement System of Ohio grew its holdings in Hillenbrand by 29.0% during the second quarter. Public Employees Retirement System of Ohio now owns 2,432 shares of the company’s stock worth $49,000 after purchasing an additional 547 shares during the period. CWM LLC grew its holdings in Hillenbrand by 6.4% during the first quarter. CWM LLC now owns 10,063 shares of the company’s stock worth $243,000 after purchasing an additional 608 shares during the period. GAMMA Investing LLC grew its holdings in Hillenbrand by 65.9% during the first 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 period. OneDigital Investment Advisors LLC grew its holdings in Hillenbrand by 6.1% during the first quarter. OneDigital Investment Advisors LLC now owns 13,825 shares of the company’s stock worth $334,000 after purchasing an additional 793 shares during the period. Finally, Blue Trust Inc. grew its holdings in Hillenbrand by 0.5% during the second quarter. Blue Trust Inc. now owns 165,547 shares of the company’s stock worth $3,323,000 after purchasing an additional 856 shares during the period. Institutional investors own 89.09% of the company’s stock.

Hillenbrand Trading Up 0.5%

Shares of HI stock opened at $31.48 on Monday. The firm has a 50 day moving average price of $25.65 and a two-hundred day moving average price of $22.58. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $2.22 billion, a PE ratio of -125.90 and a beta of 1.46. Hillenbrand Inc has a 12-month low of $18.36 and a 12-month high of $35.59.

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

Hillenbrand Dividend Announcement

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

Analysts Set New Price Targets

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

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.