Hillenbrand (NYSE:HI – Get Rating) announced its quarterly earnings results on Monday. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.02, MarketWatch Earnings reports. Hillenbrand had a net margin of 7.67% and a return on equity of 22.71%. The company had revenue of $742.00 million for the quarter, compared to the consensus estimate of $728.05 million. During the same period in the previous year, the firm posted $0.98 EPS. Hillenbrand’s revenue for the quarter was up 2.7% compared to the same quarter last year.
NYSE HI opened at $42.78 on Tuesday. The company has a market cap of $3.11 billion, a P/E ratio of 14.40, a P/E/G ratio of 0.91 and a beta of 1.44. The firm’s 50 day moving average is $43.88. Hillenbrand has a fifty-two week low of $40.03 and a fifty-two week high of $54.15. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.97.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Thursday, June 16th will be paid a $0.2175 dividend. This represents a $0.87 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Wednesday, June 15th. Hillenbrand’s payout ratio is 29.29%.
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Hillenbrand by 2.7% in the 4th quarter. BlackRock Inc. now owns 11,643,487 shares of the company’s stock worth $605,346,000 after purchasing an additional 309,881 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Hillenbrand by 115.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 764,485 shares of the company’s stock worth $39,745,000 after buying an additional 409,500 shares during the period. Deutsche Bank AG grew its position in Hillenbrand by 8.7% in the 4th quarter. Deutsche Bank AG now owns 156,166 shares of the company’s stock valued at $8,120,000 after acquiring an additional 12,535 shares during the last quarter. California State Teachers Retirement System increased its stake in Hillenbrand by 0.4% in the fourth quarter. California State Teachers Retirement System now owns 101,397 shares of the company’s stock worth $5,272,000 after purchasing an additional 445 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its position in shares of Hillenbrand by 6.2% during the fourth quarter. Parametric Portfolio Associates LLC now owns 484,367 shares of the company’s stock worth $25,182,000 after purchasing an additional 28,159 shares during the last quarter. 85.91% of the stock is owned by hedge funds and other institutional investors.
About Hillenbrand (Get Rating)
Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. The company operates through three segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville. 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, as well as equipment system design; and screening and separating equipment 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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