DA Davidson Weighs in on Hillenbrand, Inc.’s Q3 2024 Earnings (NYSE:HI)

Hillenbrand, Inc. (NYSE:HI) – Stock analysts at DA Davidson issued their Q3 2024 EPS estimates for Hillenbrand in a research report issued to clients and investors on Thursday, May 2nd. DA Davidson analyst M. Summerville expects that the company will earn $0.84 per share for the quarter. The consensus estimate for Hillenbrand’s current full-year earnings is $3.57 per share.

Hillenbrand (NYSE:HI) last released its earnings results on Tuesday, April 30th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. The firm had revenue of $785.30 million during the quarter, compared to analysts’ expectations of $801.55 million. Hillenbrand had a return on equity of 14.75% and a net margin of 2.79%. The company’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 EPS.

Hillenbrand Stock Up 1.3 %

NYSE:HI opened at $42.44 on Monday. The stock has a 50-day simple moving average of $47.92 and a 200 day simple moving average of $44.85. Hillenbrand has a 52-week low of $37.19 and a 52-week high of $53.76. The company has a market cap of $2.98 billion, a PE ratio of 35.07 and a beta of 1.49. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.79 and a current ratio of 1.34.

Hillenbrand Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.222 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.89 annualized dividend and a dividend yield of 2.09%. Hillenbrand’s dividend payout ratio is currently 73.55%.

Insider Activity

In other Hillenbrand news, CFO Robert M. Vanhimbergen bought 11,319 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average price of $45.23 per share, with a total value of $511,958.37. Following the completion of the transaction, the chief financial officer now owns 34,559 shares in the company, valued at $1,563,103.57. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Robert M. Vanhimbergen bought 11,319 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average price of $45.23 per share, for a total transaction of $511,958.37. Following the completion of the acquisition, the chief financial officer now owns 34,559 shares of the company’s stock, valued at approximately $1,563,103.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Nicholas R. Farrell sold 8,542 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $47.02, for a total value of $401,644.84. Following the transaction, the vice president now directly owns 41,951 shares of the company’s stock, valued at $1,972,536.02. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hillenbrand

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Hillenbrand by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 8,412,143 shares of the company’s stock worth $402,521,000 after acquiring an additional 133,975 shares during the period. FMR LLC boosted its position in Hillenbrand by 1.1% during the third quarter. FMR LLC now owns 4,754,412 shares of the company’s stock worth $201,159,000 after purchasing an additional 50,091 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Hillenbrand by 10.9% in the fourth quarter. Victory Capital Management Inc. now owns 2,885,216 shares of the company’s stock valued at $138,058,000 after purchasing an additional 283,608 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Hillenbrand by 7.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,747,176 shares of the company’s stock valued at $83,605,000 after purchasing an additional 120,782 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Hillenbrand by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 868,965 shares of the company’s stock worth $41,580,000 after buying an additional 39,697 shares during the last quarter. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Hillenbrand Company Profile

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. 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, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; 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.