Hillenbrand, Inc. (NYSE:HI) Shares Bought by SkyView Investment Advisors LLC

SkyView Investment Advisors LLC lifted its stake in shares of Hillenbrand, Inc. (NYSE:HI) by 12.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,599 shares of the company’s stock after buying an additional 2,126 shares during the quarter. SkyView Investment Advisors LLC’s holdings in Hillenbrand were worth $784,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Hillenbrand by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 8,702,418 shares of the company’s stock valued at $437,645,000 after purchasing an additional 290,275 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Hillenbrand by 13.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock valued at $87,408,000 after acquiring an additional 253,730 shares during the period. Roubaix Capital LLC purchased a new position in shares of Hillenbrand during the first quarter worth approximately $3,664,000. Lazard Asset Management LLC acquired a new position in shares of Hillenbrand in the 1st quarter valued at $3,285,000. Finally, Financial Counselors Inc. raised its position in Hillenbrand by 12.2% in the 1st quarter. Financial Counselors Inc. now owns 244,074 shares of the company’s stock valued at $12,274,000 after purchasing an additional 26,574 shares during the last quarter. 89.09% of the stock is owned by hedge funds and other institutional investors.

Hillenbrand Stock Up 2.0 %

HI stock opened at $27.80 on Friday. Hillenbrand, Inc. has a one year low of $25.49 and a one year high of $50.58. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.88 and a current ratio of 1.35. The company has a fifty day moving average of $33.60 and a 200-day moving average of $41.01. The stock has a market capitalization of $1.95 billion, a PE ratio of 22.98 and a beta of 1.39.

Hillenbrand (NYSE:HI) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The company had revenue of $786.60 million for the quarter, compared to analyst estimates of $818.16 million. Hillenbrand had a positive return on equity of 14.89% and a negative net margin of 6.67%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.95 EPS. As a group, analysts expect that Hillenbrand, Inc. will post 3.23 EPS for the current year.

Hillenbrand Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.2225 per share. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Monday, September 16th. Hillenbrand’s payout ratio is presently 73.55%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. DA Davidson downgraded shares of Hillenbrand from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $54.00 to $33.00 in a research report on Monday, August 12th. StockNews.com raised Hillenbrand from a “sell” rating to a “hold” rating in a report on Friday, September 6th. Finally, KeyCorp started coverage on Hillenbrand in a research note on Wednesday, July 10th. They set an “overweight” rating and a $50.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

About Hillenbrand

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.