EMC Capital Management Increases Stock Position in Hillenbrand, Inc. (NYSE:HI)

EMC Capital Management increased its holdings in Hillenbrand, Inc. (NYSE:HI) by 236.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,768 shares of the company’s stock after acquiring an additional 8,268 shares during the quarter. EMC Capital Management’s holdings in Hillenbrand were worth $327,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Matrix Trust Co purchased a new stake in Hillenbrand during the 3rd quarter valued at approximately $25,000. GAMMA Investing LLC increased its holdings in shares of Hillenbrand by 58.2% in the second quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock valued at $28,000 after purchasing an additional 262 shares during the period. nVerses Capital LLC purchased a new stake in shares of Hillenbrand during the third quarter worth approximately $75,000. Summit Securities Group LLC acquired a new stake in shares of Hillenbrand during the second quarter worth $90,000. Finally, Innealta Capital LLC purchased a new position in Hillenbrand in the 2nd quarter valued at $93,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Analysts Set New Price Targets

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

Hillenbrand Stock Performance

NYSE:HI opened at $27.79 on Friday. The firm’s fifty day simple moving average is $28.17 and its 200-day simple moving average is $37.32. The company has a quick ratio of 0.88, a current ratio of 1.35 and a debt-to-equity ratio of 1.44. The stock has a market cap of $1.95 billion, a PE ratio of -9.45 and a beta of 1.38. Hillenbrand, Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $50.58.

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

Hillenbrand Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.2225 per share. This represents a $0.89 dividend on an annualized basis and a yield of 3.20%. This is an increase from Hillenbrand’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, September 16th. Hillenbrand’s payout ratio is presently -30.27%.

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.