Hillenbrand, Inc. (NYSE:HI) Shares Acquired by SkyView Investment Advisors LLC

SkyView Investment Advisors LLC raised its holdings in shares of Hillenbrand, Inc. (NYSE:HI) by 12.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,599 shares of the company’s stock after acquiring an additional 2,126 shares during the quarter. SkyView Investment Advisors LLC’s holdings in Hillenbrand were worth $784,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HI. Vanguard Group Inc. grew its position in shares of Hillenbrand by 3.5% in the first 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 last quarter. 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 valued at $87,408,000 after buying an additional 253,730 shares in the last quarter. Roubaix Capital LLC acquired a new stake in Hillenbrand during the 1st quarter valued at $3,664,000. Lazard Asset Management LLC purchased a new position in Hillenbrand during the first quarter worth $3,285,000. Finally, Financial Counselors Inc. boosted its stake in shares of Hillenbrand by 12.2% during the first quarter. Financial Counselors Inc. now owns 244,074 shares of the company’s stock valued at $12,274,000 after acquiring an additional 26,574 shares during the last quarter. Institutional investors and hedge funds own 89.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HI shares. DA Davidson lowered shares of Hillenbrand from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $54.00 to $33.00 in a research report on Monday, August 12th. KeyCorp started coverage on Hillenbrand in a research report on Wednesday, July 10th. They issued an “overweight” rating and a $50.00 price objective for the company. Finally, StockNews.com upgraded Hillenbrand from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $48.00.

Hillenbrand Stock Performance

NYSE:HI opened at $27.80 on Friday. The company has a market cap of $1.95 billion, a P/E ratio of 22.98 and a beta of 1.39. The firm’s 50 day moving average is $33.60 and its two-hundred day moving average is $41.01. Hillenbrand, Inc. has a fifty-two week low of $25.49 and a fifty-two week 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.

Hillenbrand (NYSE:HI) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $786.60 million during the quarter, compared to the consensus estimate of $818.16 million. During the same period in the prior year, the firm posted $0.95 EPS. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Analysts expect that Hillenbrand, Inc. will post 3.23 EPS for the current year.

Hillenbrand Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.2225 dividend. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Monday, September 16th. Hillenbrand’s payout ratio is currently 73.55%.

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.