Hillenbrand Inc $HI Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its holdings in shares of Hillenbrand Inc (NYSE:HI) by 65.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,044 shares of the company’s stock after selling 106,969 shares during the quarter. Federated Hermes Inc.’s holdings in Hillenbrand were worth $1,542,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cooper Creek Partners Management LLC acquired a new position in Hillenbrand in the second quarter valued at about $8,555,000. Midwest Trust Co purchased a new stake in shares of Hillenbrand in the 2nd quarter valued at approximately $6,845,000. Edgestream Partners L.P. acquired a new position in shares of Hillenbrand in the 2nd quarter worth approximately $6,140,000. Nordea Investment Management AB boosted its position in shares of Hillenbrand by 84.4% during the 2nd quarter. Nordea Investment Management AB now owns 485,870 shares of the company’s stock worth $9,849,000 after purchasing an additional 222,323 shares during the period. Finally, Wellington Shields Capital Management LLC purchased a new position in shares of Hillenbrand during the 2nd quarter worth approximately $2,914,000. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Hillenbrand Stock Up 0.1%

Shares of NYSE HI opened at $31.91 on Friday. The stock has a market cap of $2.25 billion, a P/E ratio of 52.30 and a beta of 1.40. The business’s fifty day simple moving average is $31.81 and its 200-day simple moving average is $28.50. Hillenbrand Inc has a 12-month low of $18.36 and a 12-month high of $35.48. The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 1.05.

Hillenbrand (NYSE:HI) last released its earnings results on Wednesday, November 19th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.62 by $0.21. The firm had revenue of $652.10 million during the quarter, compared to analysts’ expectations of $592.25 million. Hillenbrand had a return on equity of 12.69% and a net margin of 1.61%.Hillenbrand’s revenue for the quarter was down 22.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.01 EPS. As a group, equities analysts predict that Hillenbrand Inc will post 2.53 EPS for the current fiscal year.

Hillenbrand Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were paid a dividend of $0.2275 per share. The ex-dividend date was Tuesday, December 16th. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.9%. Hillenbrand’s payout ratio is currently 149.18%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. DA Davidson reissued a “neutral” rating and issued a $32.00 target price on shares of Hillenbrand in a research report on Thursday, November 20th. CJS Securities reaffirmed a “market perform” rating and issued a $32.00 price objective on shares of Hillenbrand in a research note on Thursday, October 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Hillenbrand in a report on Monday, December 29th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Hillenbrand presently has a consensus rating of “Hold” and a consensus price target of $32.00.

Hillenbrand Company Profile

Hillenbrand, Inc, headquartered in Batesville, Indiana, is a global industrial company specializing in engineered equipment and process solutions. Through its Coperion division, Hillenbrand designs and manufactures compounding and extrusion systems, polymer and food processing equipment, bulk material handling technologies and associated automation. These offerings support a variety of end markets, including plastics, chemicals, food, pharmaceutical and minerals, helping customers optimize production efficiency and product quality.

Tracing its roots to the Batesville Casket Company founded in 1906, the organization evolved through strategic acquisitions and expanded its focus on process technologies.