LRI Investments LLC Makes New Investment in Hillenbrand, Inc. (NYSE:HI)

LRI Investments LLC acquired a new position in Hillenbrand, Inc. (NYSE:HI) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,330 shares of the company’s stock, valued at approximately $117,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Hillenbrand in the 4th quarter worth about $40,130,000. Vanguard Group Inc. grew its position in shares of Hillenbrand by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 8,702,418 shares of the company’s stock worth $437,645,000 after buying an additional 290,275 shares during the period. Victory Capital Management Inc. grew its position in shares of Hillenbrand by 10.9% in the 4th quarter. Victory Capital Management Inc. now owns 2,885,216 shares of the company’s stock worth $138,058,000 after buying an additional 283,608 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Hillenbrand by 7.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,747,176 shares of the company’s stock worth $83,605,000 after buying an additional 120,782 shares during the period. Finally, Roubaix Capital LLC purchased a new stake in shares of Hillenbrand in the 1st quarter worth about $3,664,000. 89.09% of the stock is currently owned by institutional investors.

Hillenbrand Stock Performance

Shares of HI stock opened at $39.90 on Friday. Hillenbrand, Inc. has a one year low of $37.19 and a one year high of $51.34. The company’s 50-day moving average is $42.35 and its 200 day moving average is $45.28. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 32.98 and a beta of 1.44. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.86 and a current ratio of 1.34.

Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. The firm had revenue of $785.30 million for the quarter, compared to the consensus estimate of $801.55 million. Hillenbrand had a net margin of 2.79% and a return on equity of 14.75%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 EPS. Sell-side analysts expect that Hillenbrand, Inc. will post 3.36 EPS for the current fiscal year.

Hillenbrand Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.222 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Friday, June 14th. Hillenbrand’s payout ratio is presently 73.55%.

Analysts Set New Price Targets

Separately, KeyCorp started coverage on shares of Hillenbrand in a research report on Wednesday, July 10th. They set an “overweight” rating and a $50.00 price objective on the stock.

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.