Prudential Financial Inc. decreased its stake in shares of Hillenbrand, Inc. (NYSE:HI) by 30.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,657 shares of the company’s stock after selling 55,604 shares during the period. Prudential Financial Inc. owned approximately 0.20% of Hillenbrand worth $6,676,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Fort L.P. bought a new stake in shares of Hillenbrand during the second quarter worth $119,000. Itau Unibanco Holding S.A. bought a new stake in shares of Hillenbrand during the second quarter worth $134,000. Harvest Fund Management Co. Ltd increased its position in shares of Hillenbrand by 44.2% during the third quarter. Harvest Fund Management Co. Ltd now owns 3,552 shares of the company’s stock worth $186,000 after acquiring an additional 1,089 shares in the last quarter. We Are One Seven LLC bought a new stake in shares of Hillenbrand during the third quarter worth $244,000. Finally, AMP Capital Investors Ltd bought a new stake in shares of Hillenbrand during the second quarter worth $231,000. 76.34% of the stock is owned by institutional investors.
Separately, Sidoti downgraded shares of Hillenbrand from a “buy” rating to a “neutral” rating and set a $57.00 price objective for the company. in a research 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 company currently has an average rating of “Buy” and a consensus price target of $59.00.
Hillenbrand stock opened at $40.78 on Friday. The firm has a market capitalization of $2.61 billion, a P/E ratio of 17.25 and a beta of 1.26. Hillenbrand, Inc. has a 1-year low of $40.23 and a 1-year high of $53.41. The company has a quick ratio of 0.82, a current ratio of 1.15 and a debt-to-equity ratio of 0.46.
Hillenbrand (NYSE:HI) last released its earnings results on Tuesday, November 13th. The company reported $0.67 earnings per share for the quarter, meeting analysts’ consensus estimates 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 firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share. On average, research analysts anticipate that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 17th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, December 14th. This represents a $0.84 dividend on an annualized basis and a yield of 2.06%. This is an increase from Hillenbrand’s previous quarterly dividend of $0.21. Hillenbrand’s dividend payout ratio (DPR) is 34.16%.
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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