Cwm LLC Grows Position in Hillenbrand Inc (NYSE:HI)

Cwm LLC boosted its holdings in shares of Hillenbrand Inc (NYSE:HI) by 6.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,063 shares of the company’s stock after acquiring an additional 608 shares during the period. Cwm LLC’s holdings in Hillenbrand were worth $243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Hillenbrand by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 8,666,374 shares of the company’s stock worth $266,751,000 after acquiring an additional 59,311 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Hillenbrand by 10.4% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,116,444 shares of the company’s stock valued at $126,704,000 after purchasing an additional 387,048 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Hillenbrand by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,563,412 shares of the company’s stock worth $78,902,000 after purchasing an additional 111,953 shares in the last quarter. Northern Trust Corp raised its holdings in Hillenbrand by 24.4% in the fourth quarter. Northern Trust Corp now owns 900,666 shares of the company’s stock worth $27,722,000 after purchasing an additional 176,482 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of Hillenbrand by 130.6% during the first quarter. New York State Common Retirement Fund now owns 643,506 shares of the company’s stock valued at $15,534,000 after buying an additional 364,461 shares during the last quarter. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Hillenbrand Trading Up 1.4%

Shares of NYSE:HI opened at $22.13 on Friday. The business’s 50-day moving average is $20.82 and its 200 day moving average is $24.87. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.51 and a quick ratio of 1.14. Hillenbrand Inc has a 1 year low of $18.36 and a 1 year high of $45.33. The firm has a market capitalization of $1.56 billion, a P/E ratio of -5.81 and a beta of 1.46.

Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. The business had revenue of $715.90 million for the quarter, compared to analyst estimates of $691.00 million. Hillenbrand had a positive return on equity of 15.03% and a negative net margin of 8.82%. The company’s revenue was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 earnings per share. On average, research analysts predict that Hillenbrand Inc will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a $0.225 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.07%. Hillenbrand’s dividend payout ratio is currently -23.62%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HI. DA Davidson cut their price objective on shares of Hillenbrand from $33.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. KeyCorp lowered shares of Hillenbrand from an “overweight” rating to a “sector weight” rating in a report on Thursday, May 8th.

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.