State of Alaska Department of Revenue Has $841,000 Stock Position in Hillenbrand Inc $HI

State of Alaska Department of Revenue lifted its position in shares of Hillenbrand Inc (NYSE:HI) by 7.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,988 shares of the company’s stock after buying an additional 2,969 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of Hillenbrand worth $841,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Clarkston Capital Partners LLC lifted its holdings in shares of Hillenbrand by 0.4% during the first quarter. Clarkston Capital Partners LLC now owns 3,760,951 shares of the company’s stock worth $90,789,000 after buying an additional 14,200 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Hillenbrand by 0.7% during the first quarter. Victory Capital Management Inc. now owns 2,579,576 shares of the company’s stock worth $62,271,000 after buying an additional 18,356 shares in the last quarter. Channing Capital Management LLC lifted its holdings in shares of Hillenbrand by 224.0% during the first quarter. Channing Capital Management LLC now owns 2,173,373 shares of the company’s stock worth $52,465,000 after buying an additional 1,502,548 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hillenbrand by 5.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,142,805 shares of the company’s stock worth $27,587,000 after buying an additional 57,987 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. acquired a new stake in shares of Hillenbrand during the first quarter worth $25,996,000. Institutional investors and hedge funds own 89.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HI shares. Zacks Research raised Hillenbrand from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Hillenbrand in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Hillenbrand Stock Performance

NYSE:HI opened at $26.69 on Tuesday. The stock’s 50-day simple moving average is $24.31 and its 200 day simple moving average is $22.39. The firm has a market capitalization of $1.88 billion, a PE ratio of -106.76 and a beta of 1.46. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 1.23. Hillenbrand Inc has a twelve month low of $18.36 and a twelve month high of $35.59.

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

Hillenbrand Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $0.225 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.90 annualized dividend and a yield of 3.4%. Hillenbrand’s dividend payout ratio (DPR) is -360.00%.

Hillenbrand 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.