Tompkins Financial Corp Takes Position in Hillenbrand, Inc. (NYSE:HI)

Tompkins Financial Corp bought a new position in shares of Hillenbrand, Inc. (NYSE:HI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,750 shares of the company’s stock, valued at approximately $54,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in shares of Hillenbrand by 2.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company’s stock valued at $79,877,000 after purchasing an additional 66,741 shares in the last quarter. State Street Corp lifted its stake in Hillenbrand by 0.7% during the third quarter. State Street Corp now owns 2,739,689 shares of the company’s stock valued at $76,163,000 after purchasing an additional 19,546 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Hillenbrand by 13.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock worth $87,408,000 after buying an additional 253,730 shares in the last quarter. Geode Capital Management LLC grew its position in Hillenbrand by 0.4% in the third quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company’s stock worth $44,565,000 after buying an additional 6,682 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Hillenbrand by 5.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 978,953 shares of the company’s stock valued at $27,215,000 after buying an additional 48,390 shares in the last quarter. Institutional investors own 89.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HI shares. DA Davidson reissued a “neutral” rating and set a $33.00 price objective on shares of Hillenbrand in a research note on Friday, November 15th. KeyCorp cut their target price on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. Finally, StockNews.com raised Hillenbrand from a “hold” rating to a “buy” rating in a research note on Thursday, December 26th.

Hillenbrand Trading Up 1.3 %

Hillenbrand stock opened at $33.91 on Friday. Hillenbrand, Inc. has a 52 week low of $25.11 and a 52 week high of $50.58. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 1.27. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of -11.34 and a beta of 1.43. The company has a 50 day moving average price of $32.08 and a 200 day moving average price of $32.60.

Hillenbrand (NYSE:HI) last issued its earnings results on Wednesday, November 13th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. The business had revenue of $837.60 million during the quarter, compared to analysts’ expectations of $793.38 million. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. Hillenbrand’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.13 earnings per share. Research analysts forecast that Hillenbrand, Inc. will post 3.2 EPS for the current year.

Hillenbrand Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.225 dividend. This is an increase from Hillenbrand’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, December 16th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.65%. Hillenbrand’s dividend payout ratio is currently -30.10%.

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.