The Manufacturers Life Insurance Company Has $1.03 Million Stock Holdings in Hillenbrand, Inc. (NYSE:HI)

The Manufacturers Life Insurance Company decreased its position in Hillenbrand, Inc. (NYSE:HI) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,175 shares of the company’s stock after selling 464 shares during the period. The Manufacturers Life Insurance Company’s holdings in Hillenbrand were worth $1,033,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Truvestments Capital LLC acquired a new position in Hillenbrand during the 3rd quarter worth approximately $187,000. Dynamic Technology Lab Private Ltd acquired a new position in Hillenbrand during the third quarter worth $284,000. Cerity Partners LLC grew its position in Hillenbrand by 107.9% in the third quarter. Cerity Partners LLC now owns 27,459 shares of the company’s stock valued at $763,000 after purchasing an additional 14,253 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Hillenbrand by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 978,953 shares of the company’s stock valued at $27,215,000 after buying an additional 48,390 shares during the last quarter. Finally, Intech Investment Management LLC lifted its position in Hillenbrand by 271.3% during the 3rd quarter. Intech Investment Management LLC now owns 29,267 shares of the company’s stock worth $814,000 after buying an additional 21,384 shares in the last quarter. Institutional investors own 89.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on HI shares. KeyCorp reduced their target price on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. DA Davidson reissued a “neutral” rating and issued a $33.00 price objective on shares of Hillenbrand in a research report on Friday, November 15th. Finally, StockNews.com raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. Two equities research 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 company. According to MarketBeat, Hillenbrand has an average rating of “Moderate Buy” and a consensus target price of $44.67.

Hillenbrand Stock Down 1.1 %

Shares of NYSE HI opened at $33.00 on Friday. The stock has a 50-day moving average price of $30.42 and a two-hundred day moving average price of $34.69. Hillenbrand, Inc. has a 12 month low of $25.11 and a 12 month high of $50.58. The company has a current ratio of 1.27, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The company has a market cap of $2.32 billion, a price-to-earnings ratio of -11.04 and a beta of 1.43.

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

Hillenbrand Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.90 dividend on an annualized basis and a yield of 2.73%. This is an increase from Hillenbrand’s previous quarterly dividend of $0.22. Hillenbrand’s payout ratio is -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.