Vanguard Personalized Indexing Management LLC Grows Holdings in Hillenbrand, Inc. (NYSE:HI)

Vanguard Personalized Indexing Management LLC increased its holdings in shares of Hillenbrand, Inc. (NYSE:HI) by 13.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,177 shares of the company’s stock after purchasing an additional 710 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Hillenbrand were worth $239,000 as of its most recent SEC filing.

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

Hillenbrand Trading Up 2.0 %

Shares of HI stock opened at $27.80 on Monday. The stock has a market cap of $1.95 billion, a P/E ratio of 22.98 and a beta of 1.39. The company has a quick ratio of 0.88, a current ratio of 1.35 and a debt-to-equity ratio of 1.44. Hillenbrand, Inc. has a fifty-two week low of $25.49 and a fifty-two week high of $50.58. The business has a fifty day simple moving average of $33.60 and a 200-day simple moving average of $40.96.

Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. Hillenbrand had a positive return on equity of 14.89% and a negative net margin of 6.67%. The firm had revenue of $786.60 million for the quarter, compared to analyst estimates of $818.16 million. During the same period last year, the company earned $0.95 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. On average, analysts forecast that Hillenbrand, Inc. will post 3.23 earnings per share for the current fiscal year.

Hillenbrand Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.2225 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 3.20%. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. Hillenbrand’s dividend payout ratio (DPR) is 73.55%.

Wall Street Analysts Forecast Growth

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

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.