Vanguard Personalized Indexing Management LLC Purchases 710 Shares of Hillenbrand, Inc. (NYSE:HI)

Vanguard Personalized Indexing Management LLC raised its holdings in Hillenbrand, Inc. (NYSE:HI) by 13.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,177 shares of the company’s stock after acquiring an additional 710 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Hillenbrand were worth $239,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of HI. GAMMA Investing LLC raised its stake in shares of Hillenbrand by 58.2% in the 2nd quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock valued at $28,000 after buying an additional 262 shares in the last quarter. Transcendent Capital Group LLC bought a new position in shares of Hillenbrand in the 4th quarter valued at about $63,000. Summit Securities Group LLC acquired a new stake in Hillenbrand during the 2nd quarter worth $90,000. Innealta Capital LLC acquired a new stake in shares of Hillenbrand during the second quarter worth $93,000. Finally, LRI Investments LLC acquired a new stake in shares of Hillenbrand in the 1st quarter valued at approximately $117,000. Institutional investors own 89.09% of the company’s stock.

Hillenbrand Price Performance

Hillenbrand stock opened at $27.80 on Monday. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 22.98 and a beta of 1.39. Hillenbrand, Inc. has a 52-week low of $25.49 and a 52-week high of $50.58. 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 stock’s 50 day moving average price is $33.60 and its two-hundred day moving average price is $40.96.

Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $786.60 million during the quarter, compared to analysts’ expectations of $818.16 million. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the company posted $0.95 earnings per share. On average, equities analysts predict that Hillenbrand, Inc. will post 3.23 earnings per share for the current year.

Hillenbrand Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be 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 is Monday, September 16th. This represents a $0.89 annualized dividend and a dividend yield of 3.20%. Hillenbrand’s payout ratio is currently 73.55%.

Wall Street Analysts Forecast Growth

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

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.