Nisa Investment Advisors LLC Has $145,000 Position in Hillenbrand, Inc. (NYSE:HI)

Nisa Investment Advisors LLC decreased its stake in Hillenbrand, Inc. (NYSE:HI) by 25.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,223 shares of the company’s stock after selling 1,806 shares during the period. Nisa Investment Advisors LLC’s holdings in Hillenbrand were worth $145,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Matrix Trust Co acquired a new stake in Hillenbrand during the 3rd quarter valued at approximately $25,000. GAMMA Investing LLC lifted its holdings in shares of Hillenbrand by 58.2% in the 2nd quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock worth $28,000 after purchasing an additional 262 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Hillenbrand during the third quarter valued at about $75,000. Summit Securities Group LLC acquired a new position in Hillenbrand during the 2nd quarter valued at about $90,000. Finally, Innealta Capital LLC purchased a new position in shares of Hillenbrand during the second quarter valued at approximately $93,000. 89.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. DA Davidson downgraded shares of Hillenbrand from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $54.00 to $33.00 in a research report on Monday, August 12th. StockNews.com raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $48.00.

Hillenbrand Price Performance

HI opened at $31.19 on Friday. The firm has a 50-day moving average price of $27.95 and a 200-day moving average price of $36.84. Hillenbrand, Inc. has a twelve month low of $25.11 and a twelve month high of $50.58. 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 company has a market capitalization of $2.19 billion, a price-to-earnings ratio of -10.61 and a beta of 1.38.

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

Hillenbrand Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.2225 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 2.85%. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend 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.