Baird Financial Group Inc. Increases Position in Hillenbrand, Inc. (NYSE:HI)

Baird Financial Group Inc. boosted its holdings in shares of Hillenbrand, Inc. (NYSE:HIGet Rating) by 40.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,762 shares of the company’s stock after acquiring an additional 5,999 shares during the period. Baird Financial Group Inc.’s holdings in Hillenbrand were worth $850,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HI. Pinebridge Investments L.P. grew its stake in shares of Hillenbrand by 263.5% in the 2nd quarter. Pinebridge Investments L.P. now owns 727 shares of the company’s stock valued at $30,000 after buying an additional 527 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Hillenbrand by 77.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 803 shares of the company’s stock valued at $33,000 after buying an additional 350 shares during the period. Quent Capital LLC purchased a new stake in shares of Hillenbrand in the 1st quarter valued at approximately $199,000. Bridgefront Capital LLC purchased a new stake in shares of Hillenbrand in the 1st quarter valued at approximately $238,000. Finally, Duality Advisers LP acquired a new position in shares of Hillenbrand in the 1st quarter worth approximately $245,000. Hedge funds and other institutional investors own 88.74% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Hillenbrand in a report on Wednesday, October 12th. They issued a “strong-buy” rating on the stock.

Hillenbrand Stock Performance

Shares of HI stock opened at $48.77 on Monday. The firm’s 50 day moving average price is $41.09 and its 200-day moving average price is $41.85. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.85 and a current ratio of 1.30. Hillenbrand, Inc. has a one year low of $36.16 and a one year high of $54.15. The firm has a market cap of $3.36 billion, a P/E ratio of 16.82 and a beta of 1.41.

Hillenbrand Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were issued a $0.218 dividend. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.87 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Thursday, September 15th. Hillenbrand’s dividend payout ratio is currently 30.00%.

Hillenbrand Company Profile

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Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. It operates in 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 offers equipment system design services; 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.

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Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

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