Wipfli Financial Advisors LLC bought a new position in Hillenbrand, Inc. (NYSE:HI – Get Rating) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,091 shares of the company’s stock, valued at approximately $77,000.
A number of other hedge funds have also modified their holdings of the stock. Cetera Advisor Networks LLC grew its holdings in shares of Hillenbrand by 3.0% in the 2nd quarter. Cetera Advisor Networks LLC now owns 8,942 shares of the company’s stock worth $366,000 after acquiring an additional 263 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Hillenbrand by 1.1% in the 2nd quarter. Los Angeles Capital Management LLC now owns 30,470 shares of the company’s stock worth $1,248,000 after acquiring an additional 325 shares during the last quarter. Texas Permanent School Fund grew its holdings in shares of Hillenbrand by 0.7% in the 2nd quarter. Texas Permanent School Fund now owns 51,962 shares of the company’s stock worth $2,128,000 after acquiring an additional 340 shares during the last quarter. Natixis Advisors L.P. grew its holdings in shares of Hillenbrand by 3.1% in the 1st quarter. Natixis Advisors L.P. now owns 11,557 shares of the company’s stock worth $510,000 after acquiring an additional 346 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Hillenbrand by 77.3% during the second quarter. EverSource Wealth Advisors LLC now owns 803 shares of the company’s stock valued at $33,000 after buying an additional 350 shares in the last quarter. 85.15% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded Hillenbrand from a “buy” rating to a “strong-buy” rating in a report on Thursday.
Hillenbrand Stock Performance
Hillenbrand (NYSE:HI – Get Rating) last issued its earnings results on Wednesday, November 16th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. Hillenbrand had a return on equity of 23.68% and a net margin of 7.10%. The firm had revenue of $749.90 million for the quarter. On average, sell-side analysts predict that Hillenbrand, Inc. will post 4.25 earnings per share for the current fiscal year.
Hillenbrand Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 16th were paid a $0.22 dividend. The ex-dividend date was Thursday, December 15th. This represents a $0.88 dividend on an annualized basis and a yield of 1.91%. This is an increase from Hillenbrand’s previous quarterly dividend of $0.22. Hillenbrand’s payout ratio is 30.34%.
Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. It 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 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.
- Get a free copy of the StockNews.com research report on Hillenbrand (HI)
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