Twelve Points Wealth Management LLC Boosts Position in Hillenbrand, Inc. (NYSE:HI)

Twelve Points Wealth Management LLC raised its stake in Hillenbrand, Inc. (NYSE:HI) by 31.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 40,959 shares of the company’s stock after acquiring an additional 9,913 shares during the period. Twelve Points Wealth Management LLC’s holdings in Hillenbrand were worth $1,139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UniSuper Management Pty Ltd acquired a new position in shares of Hillenbrand in the 1st quarter valued at $755,000. Vanguard Group Inc. lifted its position in 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 acquiring an additional 290,275 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Hillenbrand in the first quarter valued at $3,285,000. Raymond James & Associates grew its holdings in shares of Hillenbrand by 4.3% during the second quarter. Raymond James & Associates now owns 392,196 shares of the company’s stock worth $15,696,000 after purchasing an additional 16,323 shares during the last quarter. Finally, Tidal Investments LLC purchased a new position in shares of Hillenbrand during the first quarter worth about $281,000. Institutional investors and hedge funds own 89.09% of the company’s stock.

Analyst Ratings Changes

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

Hillenbrand Trading Up 3.8 %

NYSE:HI opened at $28.18 on Thursday. Hillenbrand, Inc. has a 12-month low of $25.11 and a 12-month high of $50.58. The company has a current ratio of 1.35, a quick ratio of 0.88 and a debt-to-equity ratio of 1.44. The stock’s 50 day simple moving average is $29.63 and its 200-day simple moving average is $38.95. The firm has a market cap of $1.98 billion, a P/E ratio of 23.29 and a beta of 1.38.

Hillenbrand (NYSE:HI) last announced its quarterly earnings data 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. The company had revenue of $786.60 million for the quarter, compared to analysts’ expectations of $818.16 million. Hillenbrand had a negative net margin of 6.67% and a positive return on equity of 14.89%. Hillenbrand’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 EPS. Equities analysts anticipate that Hillenbrand, Inc. will post 3.23 EPS for the current year.

Hillenbrand Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued 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 3.16%. The ex-dividend date of this dividend was Monday, September 16th. Hillenbrand’s dividend payout ratio is currently 73.55%.

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.