Hillenbrand, Inc. (NYSE:HI) Shares Bought by Barclays PLC

Barclays PLC increased its holdings in Hillenbrand, Inc. (NYSE:HI) by 17.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 318,078 shares of the company’s stock after acquiring an additional 48,230 shares during the quarter. Barclays PLC owned approximately 0.45% of Hillenbrand worth $8,841,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Matrix Trust Co bought a new position in Hillenbrand during the 3rd quarter valued at $25,000. Kennebec Savings Bank bought a new position in shares of Hillenbrand during the third quarter worth about $48,000. Summit Securities Group LLC acquired a new position in Hillenbrand in the second quarter worth about $90,000. KBC Group NV grew its stake in Hillenbrand by 32.2% in the third quarter. KBC Group NV now owns 2,263 shares of the company’s stock worth $63,000 after purchasing an additional 551 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in Hillenbrand in the second quarter valued at about $93,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HI. KeyCorp decreased their target price on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. StockNews.com upgraded shares of Hillenbrand from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, DA Davidson restated a “neutral” rating and issued a $33.00 price target on shares of Hillenbrand in a research report on Friday, November 15th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Hillenbrand presently has an average rating of “Buy” and a consensus target price of $44.67.

Hillenbrand Trading Down 2.2 %

Shares of NYSE HI opened at $30.81 on Wednesday. Hillenbrand, Inc. has a 12-month low of $25.11 and a 12-month high of $50.58. The company has a market cap of $2.16 billion, a price-to-earnings ratio of -10.30 and a beta of 1.43. The company has a current ratio of 1.27, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The stock’s 50 day simple moving average is $30.61 and its 200 day simple moving average is $34.37.

Hillenbrand (NYSE:HI) last posted its earnings results on Wednesday, November 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. The company had revenue of $837.60 million for the quarter, compared to analysts’ expectations of $793.38 million. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business posted $1.13 earnings per share. Equities research analysts expect that Hillenbrand, Inc. will post 3.2 EPS for the current year.

Hillenbrand Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.225 dividend. This is a boost from Hillenbrand’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.90 annualized dividend and a yield of 2.92%. Hillenbrand’s dividend payout ratio is -30.10%.

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.