Alliancebernstein L.P. decreased its holdings in Hillenbrand, Inc. (NYSE:HI) by 7.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 201,199 shares of the company’s stock after selling 16,920 shares during the period. Alliancebernstein L.P. owned approximately 0.32% of Hillenbrand worth $10,523,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Dupont Capital Management Corp acquired a new stake in Hillenbrand in the 2nd quarter valued at about $621,000. Northern Trust Corp raised its holdings in Hillenbrand by 1.6% in the 2nd quarter. Northern Trust Corp now owns 831,468 shares of the company’s stock valued at $39,203,000 after acquiring an additional 12,935 shares during the last quarter. Glenmede Trust Co. NA raised its holdings in Hillenbrand by 2.4% in the 2nd quarter. Glenmede Trust Co. NA now owns 718,645 shares of the company’s stock valued at $33,885,000 after acquiring an additional 17,095 shares during the last quarter. Citadel Advisors LLC raised its holdings in Hillenbrand by 81.1% in the 2nd quarter. Citadel Advisors LLC now owns 83,288 shares of the company’s stock valued at $3,927,000 after acquiring an additional 37,305 shares during the last quarter. Finally, Chicago Equity Partners LLC increased its holdings in shares of Hillenbrand by 3.5% during the 3rd quarter. Chicago Equity Partners LLC now owns 103,305 shares of the company’s stock worth $5,403,000 after buying an additional 3,465 shares during the last quarter. Institutional investors own 76.34% of the company’s stock.
Shares of NYSE HI opened at $40.78 on Friday. The company has a market cap of $2.60 billion, a PE ratio of 16.78 and a beta of 1.26. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 0.82. Hillenbrand, Inc. has a 1 year low of $40.23 and a 1 year high of $53.41.
Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Tuesday, November 13th. The company reported $0.67 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.67. The business had revenue of $474.70 million during the quarter, compared to the consensus estimate of $449.90 million. Hillenbrand had a net margin of 4.33% and a return on equity of 21.01%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 EPS. On average, sell-side analysts expect that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 17th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, December 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.06%. This is a boost from Hillenbrand’s previous quarterly dividend of $0.21. Hillenbrand’s dividend payout ratio (DPR) is presently 34.16%.
Separately, Sidoti downgraded shares of Hillenbrand from a “buy” rating to a “neutral” rating and set a $57.00 price target for the company. in a report on Wednesday, August 22nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $59.00.
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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