Public Employees Retirement System of Ohio Purchases 547 Shares of Hillenbrand Inc $HI

Public Employees Retirement System of Ohio grew its stake in Hillenbrand Inc (NYSE:HI) by 29.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,432 shares of the company’s stock after purchasing an additional 547 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Hillenbrand were worth $49,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HI. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Hillenbrand during the 4th quarter valued at about $251,000. GAMMA Investing LLC raised its stake in Hillenbrand by 65.9% during the 1st quarter. GAMMA Investing LLC now owns 1,966 shares of the company’s stock worth $47,000 after acquiring an additional 781 shares during the period. Handelsbanken Fonder AB raised its stake in Hillenbrand by 22.3% during the 1st quarter. Handelsbanken Fonder AB now owns 26,897 shares of the company’s stock worth $649,000 after acquiring an additional 4,900 shares during the period. Illinois Municipal Retirement Fund bought a new stake in shares of Hillenbrand during the first quarter valued at approximately $973,000. Finally, Verity Asset Management Inc. bought a new stake in shares of Hillenbrand during the first quarter valued at approximately $239,000. 89.09% of the stock is currently owned by institutional investors.

Hillenbrand Trading Down 2.6%

Shares of HI stock opened at $25.98 on Wednesday. Hillenbrand Inc has a fifty-two week low of $18.36 and a fifty-two week high of $35.59. The firm has a market capitalization of $1.83 billion, a P/E ratio of -103.93 and a beta of 1.46. The stock’s fifty day moving average is $24.40 and its two-hundred day moving average is $22.42. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.87 and a current ratio of 1.25.

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

Hillenbrand Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Monday, September 15th. Hillenbrand’s dividend payout ratio (DPR) is presently -360.00%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HI shares. Weiss Ratings restated a “hold (c-)” rating on shares of Hillenbrand in a research report on Saturday, September 27th. Zacks Research raised shares of Hillenbrand from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 9th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.