Handelsbanken Fonder AB Raises Holdings in Hillenbrand, Inc. (NYSE:HI)

Handelsbanken Fonder AB lifted its stake in Hillenbrand, Inc. (NYSE:HI) by 22.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,897 shares of the company’s stock after buying an additional 4,900 shares during the quarter. Handelsbanken Fonder AB’s holdings in Hillenbrand were worth $649,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Hillenbrand by 10.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,084,818 shares of the company’s stock worth $33,391,000 after buying an additional 105,865 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Hillenbrand by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 8,666,374 shares of the company’s stock worth $266,751,000 after buying an additional 59,311 shares during the last quarter. Channing Capital Management LLC acquired a new position in Hillenbrand in the 4th quarter worth about $20,648,000. Amundi raised its holdings in Hillenbrand by 186.2% in the 4th quarter. Amundi now owns 35,382 shares of the company’s stock worth $1,100,000 after purchasing an additional 23,019 shares during the period. Finally, Wealthfront Advisers LLC acquired a new position in Hillenbrand in the 4th quarter worth about $1,871,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on HI shares. KeyCorp cut Hillenbrand from an “overweight” rating to a “sector weight” rating in a report on Thursday, May 8th. DA Davidson reduced their price target on Hillenbrand from $33.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, May 1st.

Hillenbrand Stock Performance

NYSE HI opened at $20.26 on Monday. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of -6.45 and a beta of 1.47. Hillenbrand, Inc. has a twelve month low of $18.36 and a twelve month high of $45.53. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The stock has a 50-day moving average of $20.86 and a 200 day moving average of $27.02.

Hillenbrand (NYSE:HI) last announced its earnings results on Tuesday, April 29th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. The business had revenue of $715.90 million during the quarter, compared to analysts’ expectations of $691.00 million. During the same quarter in the prior year, the firm earned $0.76 earnings per share. The business’s revenue was down 8.8% compared to the same quarter last year. Sell-side analysts anticipate that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.

Hillenbrand Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.44%. Hillenbrand’s payout ratio is currently -23.62%.

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.