Tompkins Financial Corp Invests $54,000 in Hillenbrand, Inc. (NYSE:HI)

Tompkins Financial Corp purchased a new stake in shares of Hillenbrand, Inc. (NYSE:HI) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,750 shares of the company’s stock, valued at approximately $54,000.

Several other large investors have also made changes to their positions in HI. Victory Capital Management Inc. raised its position in Hillenbrand by 2.4% during the third quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company’s stock valued at $79,877,000 after acquiring an additional 66,741 shares in the last quarter. State Street Corp increased its stake in shares of Hillenbrand by 0.7% during the 3rd quarter. State Street Corp now owns 2,739,689 shares of the company’s stock worth $76,163,000 after purchasing an additional 19,546 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Hillenbrand by 13.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock valued at $87,408,000 after purchasing an additional 253,730 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Hillenbrand by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company’s stock valued at $44,565,000 after purchasing an additional 6,682 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Hillenbrand by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 978,953 shares of the company’s stock valued at $27,215,000 after purchasing an additional 48,390 shares during the last quarter. Institutional investors own 89.09% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hillenbrand Stock Performance

NYSE:HI opened at $33.91 on Friday. The firm has a market capitalization of $2.39 billion, a PE ratio of -11.34 and a beta of 1.43. Hillenbrand, Inc. has a 1 year low of $25.11 and a 1 year high of $50.58. 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 firm’s fifty day simple moving average is $32.08 and its 200 day simple moving average is $32.60.

Hillenbrand (NYSE:HI) last issued its quarterly earnings results 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. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. The company had revenue of $837.60 million for the quarter, compared to the consensus estimate of $793.38 million. During the same period last year, the business posted $1.13 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Hillenbrand, Inc. will post 3.2 EPS for the current year.

Hillenbrand Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.225 dividend. This is an increase from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Monday, December 16th. Hillenbrand’s payout ratio is currently -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.