Inspire Investing LLC Sells 5,794 Shares of Hillenbrand, Inc. (NYSE:HI)

Inspire Investing LLC lowered its stake in Hillenbrand, Inc. (NYSE:HI) by 39.9% during the second quarter, Holdings Channel reports. The institutional investor owned 8,721 shares of the company’s stock after selling 5,794 shares during the period. Inspire Investing LLC’s holdings in Hillenbrand were worth $349,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. MQS Management LLC bought a new stake in Hillenbrand in the 2nd quarter valued at about $257,000. XTX Topco Ltd boosted its position in Hillenbrand by 107.3% in the second quarter. XTX Topco Ltd now owns 13,278 shares of the company’s stock valued at $531,000 after buying an additional 6,873 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Hillenbrand by 13.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,177 shares of the company’s stock worth $239,000 after acquiring an additional 710 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Hillenbrand by 25.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 5,394 shares of the company’s stock worth $216,000 after purchasing an additional 1,096 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Hillenbrand by 13.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock worth $87,408,000 after acquiring an additional 253,730 shares during the last quarter. Institutional investors own 89.09% of the company’s stock.

Analysts Set New Price Targets

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

Hillenbrand Trading Down 0.6 %

NYSE:HI opened at $27.03 on Tuesday. Hillenbrand, Inc. has a 52 week low of $25.49 and a 52 week high of $50.58. The firm has a 50-day moving average price of $34.91 and a two-hundred day moving average price of $41.51. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 22.33 and a beta of 1.39. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.88 and a current ratio of 1.35.

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

Hillenbrand Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.2225 per share. This is an increase from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Monday, September 16th. Hillenbrand’s dividend payout ratio is currently 73.55%.

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.