Hillenbrand, Inc. (NYSE:HI) Shares Acquired by Twelve Points Wealth Management LLC

Twelve Points Wealth Management LLC increased its position in shares of Hillenbrand, Inc. (NYSE:HI) by 31.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,959 shares of the company’s stock after acquiring an additional 9,913 shares during the quarter. Twelve Points Wealth Management LLC owned approximately 0.06% of Hillenbrand worth $1,139,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. UniSuper Management Pty Ltd acquired a new stake in Hillenbrand during the first quarter worth $755,000. Vanguard Group Inc. increased its position in shares of Hillenbrand by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 8,702,418 shares of the company’s stock worth $437,645,000 after purchasing an additional 290,275 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Hillenbrand during the 1st quarter worth about $3,285,000. Raymond James & Associates raised its holdings in Hillenbrand by 4.3% in the 2nd quarter. Raymond James & Associates now owns 392,196 shares of the company’s stock valued at $15,696,000 after buying an additional 16,323 shares during the period. Finally, Tidal Investments LLC acquired a new position in Hillenbrand in the first quarter valued at about $281,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. DA Davidson cut shares of Hillenbrand from a “buy” rating to a “neutral” rating and dropped their price target for the company from $54.00 to $33.00 in a research report on Monday, August 12th. KeyCorp began coverage on Hillenbrand in a research report on Wednesday, July 10th. They issued an “overweight” rating and a $50.00 target price on the stock. Finally, StockNews.com upgraded Hillenbrand from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Hillenbrand presently has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Hillenbrand Trading Up 3.8 %

NYSE HI opened at $28.18 on Thursday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.88 and a current ratio of 1.35. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 23.29 and a beta of 1.38. The firm has a 50 day simple moving average of $29.63 and a 200-day simple moving average of $38.95. Hillenbrand, Inc. has a one year low of $25.11 and a one year high of $50.58.

Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. Hillenbrand had a negative net margin of 6.67% and a positive return on equity of 14.89%. The company had revenue of $786.60 million during the quarter, compared to analysts’ expectations of $818.16 million. During the same quarter last year, the company posted $0.95 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. Equities research analysts anticipate that Hillenbrand, Inc. will post 3.23 EPS for the current fiscal year.

Hillenbrand Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.2225 per share. This is an increase from Hillenbrand’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.89 annualized dividend and a yield of 3.16%. Hillenbrand’s dividend payout ratio is 73.55%.

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.