Delphi Management Inc. MA Buys 6,641 Shares of Hillenbrand, Inc. (NYSE:HI)

Delphi Management Inc. MA boosted its stake in shares of Hillenbrand, Inc. (NYSE:HI) by 141.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,344 shares of the company’s stock after acquiring an additional 6,641 shares during the quarter. Delphi Management Inc. MA’s holdings in Hillenbrand were worth $454,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Hillenbrand by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 8,702,418 shares of the company’s stock valued at $437,645,000 after purchasing an additional 290,275 shares during the period. Dimensional Fund Advisors LP lifted its position in Hillenbrand by 13.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock valued at $87,408,000 after purchasing an additional 253,730 shares during the period. Bank of New York Mellon Corp lifted its position in Hillenbrand by 2.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 834,186 shares of the company’s stock valued at $33,384,000 after purchasing an additional 21,986 shares during the period. Raymond James & Associates lifted its position in Hillenbrand by 4.3% during the 2nd quarter. Raymond James & Associates now owns 392,196 shares of the company’s stock valued at $15,696,000 after purchasing an additional 16,323 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in Hillenbrand by 10.4% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 273,990 shares of the company’s stock valued at $13,110,000 after purchasing an additional 25,900 shares during the period. Institutional investors own 89.09% of the company’s stock.

Hillenbrand Stock Performance

Shares of NYSE:HI opened at $27.80 on Tuesday. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 22.98 and a beta of 1.39. The firm’s 50 day simple moving average is $33.60 and its 200 day simple moving average is $40.91. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.35 and a quick ratio of 0.88. Hillenbrand, Inc. has a fifty-two week low of $25.49 and a fifty-two week high of $50.58.

Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, August 7th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.82 by $0.03. The firm had revenue of $786.60 million for 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 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 EPS. As a group, sell-side analysts forecast that Hillenbrand, Inc. will post 3.23 earnings per share for the current year.

Hillenbrand Increases Dividend

The business also recently announced 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. This represents a $0.89 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Monday, September 16th. Hillenbrand’s dividend payout ratio (DPR) is 73.55%.

Analyst Ratings Changes

HI has been the topic of a number of research reports. DA Davidson downgraded shares of 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. KeyCorp initiated coverage on shares of Hillenbrand in a research report on Wednesday, July 10th. They issued an “overweight” rating and a $50.00 price target on the stock. Finally, StockNews.com upgraded shares of Hillenbrand from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.