Northern Trust Corp Trims Stock Holdings in Hillenbrand Inc $HI

Northern Trust Corp lessened its stake in shares of Hillenbrand Inc (NYSE:HI) by 3.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 867,643 shares of the company’s stock after selling 33,023 shares during the quarter. Northern Trust Corp owned about 1.23% of Hillenbrand worth $20,945,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of HI. Point72 Hong Kong Ltd purchased a new stake in shares of Hillenbrand during the fourth quarter worth approximately $42,000. GAMMA Investing LLC raised its stake in shares of Hillenbrand by 65.9% during the first quarter. GAMMA Investing LLC now owns 1,966 shares of the company’s stock worth $47,000 after purchasing an additional 781 shares during the last quarter. State of Wyoming raised its stake in shares of Hillenbrand by 342.6% during the fourth quarter. State of Wyoming now owns 5,417 shares of the company’s stock worth $167,000 after purchasing an additional 4,193 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Hillenbrand by 69.1% during the first quarter. Nisa Investment Advisors LLC now owns 8,152 shares of the company’s stock worth $197,000 after purchasing an additional 3,332 shares during the last quarter. Finally, Wealthedge Investment Advisors LLC purchased a new stake in shares of Hillenbrand during the first quarter worth approximately $204,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Hillenbrand Trading Down 2.0%

Shares of HI stock opened at $25.36 on Tuesday. The business’s fifty day moving average price is $22.50 and its 200 day moving average price is $22.94. Hillenbrand Inc has a 1-year low of $18.36 and a 1-year high of $35.59. The firm has a market capitalization of $1.79 billion, a PE ratio of -101.45 and a beta of 1.47. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.25 and a quick ratio of 0.87.

Hillenbrand (NYSE:HI) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. Hillenbrand had a positive return on equity of 13.53% and a negative net margin of 0.63%.The firm had revenue of $598.90 million for the quarter, compared to analyst estimates of $572.48 million. During the same quarter in the prior year, the company posted $0.85 earnings per share. Hillenbrand’s quarterly revenue was down 23.9% on a year-over-year basis. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. As a group, sell-side analysts forecast that Hillenbrand Inc will post 2.53 EPS for the current fiscal year.

Hillenbrand Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.90 annualized dividend and a yield of 3.5%. Hillenbrand’s dividend payout ratio is -360.00%.

Wall Street Analysts Forecast Growth

Separately, KeyCorp cut Hillenbrand from an “overweight” rating to a “sector weight” rating in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $32.00.

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.