Hillenbrand, Inc. (NYSE:HI) Shares Sold by Bernzott Capital Advisors

Bernzott Capital Advisors lessened its holdings in shares of Hillenbrand, Inc. (NYSE:HI) by 10.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 202,035 shares of the company’s stock after selling 23,718 shares during the quarter. Hillenbrand makes up about 3.1% of Bernzott Capital Advisors’ portfolio, making the stock its 15th biggest holding. Bernzott Capital Advisors owned approximately 0.29% of Hillenbrand worth $6,219,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HI. Wilmington Savings Fund Society FSB acquired a new stake in Hillenbrand during the 3rd quarter worth $17,178,000. Dimensional Fund Advisors LP boosted its stake in Hillenbrand by 13.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock worth $87,408,000 after purchasing an additional 253,730 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in Hillenbrand during the 3rd quarter worth $4,368,000. Financial Counselors Inc. raised its holdings in shares of Hillenbrand by 30.1% during the 3rd quarter. Financial Counselors Inc. now owns 322,252 shares of the company’s stock worth $8,959,000 after acquiring an additional 74,527 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Hillenbrand by 2.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company’s stock worth $79,877,000 after acquiring an additional 66,741 shares during the period. Institutional investors and hedge funds own 89.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on HI. StockNews.com upgraded Hillenbrand from a “hold” rating to a “buy” rating in a report on Thursday, December 26th. DA Davidson reiterated a “neutral” rating and set a $33.00 price target on shares of Hillenbrand in a report on Friday, November 15th. Finally, KeyCorp reduced their price target on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th.

Hillenbrand Stock Up 0.9 %

Shares of HI opened at $33.50 on Friday. The firm has a market cap of $2.36 billion, a P/E ratio of -11.20 and a beta of 1.43. Hillenbrand, Inc. has a 12-month low of $25.11 and a 12-month high of $50.58. The company’s 50-day moving average price is $32.03 and its 200 day moving average price is $32.63. The company has a current ratio of 1.27, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

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

Hillenbrand Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.225 dividend. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Monday, December 16th. Hillenbrand’s payout ratio is -30.10%.

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.