Hillenbrand, Inc. (NYSE:HI) Position Trimmed by Kendall Capital Management

Kendall Capital Management trimmed its holdings in shares of Hillenbrand, Inc. (NYSE:HI) by 34.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,190 shares of the company’s stock after selling 4,775 shares during the period. Kendall Capital Management’s holdings in Hillenbrand were worth $368,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in HI. Norges Bank purchased a new stake in shares of Hillenbrand in the fourth quarter valued at $40,130,000. Vanguard Group Inc. raised its position in Hillenbrand by 3.5% during the first quarter. Vanguard Group Inc. now owns 8,702,418 shares of the company’s stock valued at $437,645,000 after buying an additional 290,275 shares during the period. Dimensional Fund Advisors LP lifted its stake in Hillenbrand by 13.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock worth $87,408,000 after acquiring an additional 253,730 shares in the last quarter. Roubaix Capital LLC acquired a new stake in Hillenbrand during the 1st quarter worth about $3,664,000. Finally, Lazard Asset Management LLC purchased a new position in Hillenbrand during the 1st quarter valued at about $3,285,000. 89.09% of the stock is currently owned by institutional investors.

Hillenbrand Stock Performance

Shares of HI opened at $28.35 on Friday. The company has a market capitalization of $1.99 billion, a PE ratio of 23.43 and a beta of 1.39. 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 one year low of $25.49 and a one year high of $50.58. The company’s fifty day moving average price is $35.54 and its 200 day moving average price is $41.89.

Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. Hillenbrand had a positive return on equity of 14.89% and a negative net margin of 6.67%. The company had revenue of $786.60 million for the quarter, compared to the consensus estimate of $818.16 million. During the same period last year, the business posted $0.95 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. As a group, analysts expect 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 will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $0.2225 per share. This is a boost from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 3.14%. The ex-dividend date is Monday, September 16th. Hillenbrand’s dividend payout ratio is presently 73.55%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HI. StockNews.com raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. KeyCorp initiated coverage on shares of Hillenbrand in a research report on Wednesday, July 10th. They issued an “overweight” rating and a $50.00 target price for the company. Finally, DA Davidson cut shares of Hillenbrand from a “buy” rating to a “neutral” rating and lowered their price target for the company from $54.00 to $33.00 in a report on Monday, August 12th. 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, the stock currently has an average rating of “Moderate Buy” and a consensus 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.