Rhumbline Advisers Purchases 9,557 Shares of Hillenbrand, Inc. (NYSE:HI)

Rhumbline Advisers increased its position in Hillenbrand, Inc. (NYSE:HI) by 4.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 220,061 shares of the company’s stock after buying an additional 9,557 shares during the period. Rhumbline Advisers owned about 0.31% of Hillenbrand worth $8,807,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Hillenbrand by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 868,965 shares of the company’s stock valued at $41,580,000 after purchasing an additional 39,697 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Hillenbrand by 7.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,747,176 shares of the company’s stock valued at $83,605,000 after buying an additional 120,782 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Hillenbrand during the 4th quarter valued at about $203,000. Janney Montgomery Scott LLC raised its position in shares of Hillenbrand by 29.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 13,514 shares of the company’s stock valued at $647,000 after buying an additional 3,098 shares in the last quarter. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of Hillenbrand during the 4th quarter valued at about $1,723,000. Institutional investors own 89.09% of the company’s stock.

Hillenbrand Price Performance

Shares of HI opened at $26.37 on Friday. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 21.79 and a beta of 1.39. Hillenbrand, Inc. has a twelve month low of $25.49 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 50 day moving average of $37.03 and a two-hundred day moving average of $42.68.

Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The business had revenue of $786.60 million during the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $0.95 earnings per share. As a group, analysts predict that Hillenbrand, Inc. will post 3.23 earnings per share for the current fiscal year.

Hillenbrand Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.2225 per share. This represents a $0.89 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Monday, September 16th. This is a boost from Hillenbrand’s previous quarterly dividend of $0.22. Hillenbrand’s dividend payout ratio (DPR) is 73.55%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. DA Davidson lowered 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. Finally, KeyCorp assumed coverage on shares of Hillenbrand in a research report on Wednesday, July 10th. They issued an “overweight” rating and a $50.00 price objective on the stock. Two 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 data from MarketBeat, Hillenbrand has a consensus rating of “Moderate Buy” and an average target price of $48.00.

About Hillenbrand

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.