Twelve Points Wealth Management LLC Has $1.39 Million Stock Holdings in Hillenbrand, Inc. (NYSE:HI)

Twelve Points Wealth Management LLC lifted its holdings in shares of Hillenbrand, Inc. (NYSE:HI) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,207 shares of the company’s stock after purchasing an additional 4,248 shares during the quarter. Twelve Points Wealth Management LLC owned approximately 0.06% of Hillenbrand worth $1,391,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Victory Capital Management Inc. raised its holdings in Hillenbrand by 2.4% during the third quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company’s stock valued at $79,877,000 after buying an additional 66,741 shares in the last quarter. State Street Corp lifted its holdings in Hillenbrand by 0.7% in the 3rd quarter. State Street Corp now owns 2,739,689 shares of the company’s stock worth $76,163,000 after purchasing an additional 19,546 shares during the last quarter. Geode Capital Management LLC boosted its position in Hillenbrand by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company’s stock worth $44,565,000 after purchasing an additional 6,682 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Hillenbrand by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 978,953 shares of the company’s stock valued at $27,215,000 after purchasing an additional 48,390 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Hillenbrand in the third quarter worth $17,178,000. Institutional investors own 89.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. KeyCorp lowered their target price on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. StockNews.com upgraded shares of Hillenbrand from a “hold” rating to a “buy” rating in a report on Thursday, December 26th. Finally, DA Davidson reiterated a “neutral” rating and issued a $33.00 price objective on shares of Hillenbrand in a research note on Friday, November 15th.

Hillenbrand Stock Down 0.9 %

NYSE:HI opened at $34.07 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. Hillenbrand, Inc. has a one year low of $25.11 and a one year high of $50.58. The company has a fifty day moving average price of $32.48 and a 200 day moving average price of $32.25.

Hillenbrand (NYSE:HI) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. Hillenbrand had a negative net margin of 6.63% and a positive return on equity of 14.86%. The business had revenue of $837.60 million during the quarter, compared to analyst estimates of $793.38 million. During the same quarter in the prior year, the business earned $1.13 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, equities research analysts anticipate that Hillenbrand, Inc. will post 3.2 EPS for the current year.

Hillenbrand Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.64%. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, December 16th. Hillenbrand’s dividend payout ratio is presently -30.10%.

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.