Dynamic Technology Lab Private Ltd Takes $961,000 Position in Hillenbrand Inc $HI

by · The Cerbat Gem

Dynamic Technology Lab Private Ltd bought a new position in shares of Hillenbrand Inc (NYSE:HI – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 47,894 shares of the company’s stock, valued at approximately $961,000.

A number of other institutional investors have also recently added to or reduced their stakes in HI. Clarkston Capital Partners LLC increased its position in Hillenbrand by 0.4% in the 1st quarter. Clarkston Capital Partners LLC now owns 3,760,951 shares of the company’s stock valued at $90,789,000 after acquiring an additional 14,200 shares during the period. Channing Capital Management LLC increased its holdings in Hillenbrand by 224.0% in the first quarter. Channing Capital Management LLC now owns 2,173,373 shares of the company’s stock valued at $52,465,000 after purchasing an additional 1,502,548 shares during the period. Geode Capital Management LLC lifted its holdings in Hillenbrand by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,661,890 shares of the company’s stock worth $33,359,000 after buying an additional 11,849 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Hillenbrand by 5.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,142,805 shares of the company’s stock worth $27,587,000 after buying an additional 57,987 shares during the period. Finally, T. Rowe Price Investment Management Inc. bought a new stake in shares of Hillenbrand in the 1st quarter valued at about $25,996,000. 89.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on HI shares. Zacks Research downgraded Hillenbrand from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. CJS Securities restated a “market perform” rating and set a $32.00 price target on shares of Hillenbrand in a report on Thursday, October 16th. DA Davidson restated a “neutral” rating and issued a $32.00 price target on shares of Hillenbrand in a research report on Thursday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Hillenbrand in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $32.00.

Read Our Latest Analysis on HI

Hillenbrand Stock Performance

Shares of HI stock opened at $31.66 on Friday. The firm has a 50 day moving average of $28.92 and a 200-day moving average of $24.38. The company has a market cap of $2.23 billion, a price-to-earnings ratio of -126.64 and a beta of 1.50. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 1.23. Hillenbrand Inc has a 52 week low of $18.36 and a 52 week high of $35.59.

Hillenbrand (NYSE:HI – Get Free Report) last released its earnings results on Wednesday, November 19th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.21. The company had revenue of $652.10 million for the quarter, compared to the consensus estimate of $592.25 million. Hillenbrand had a negative net margin of 0.63% and a positive return on equity of 13.53%. Hillenbrand’s quarterly revenue was down 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.01 EPS. On average, equities analysts forecast that Hillenbrand Inc will post 2.53 earnings per share for the current year.

Hillenbrand Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, September 15th. Hillenbrand’s dividend payout ratio is 147.54%.

Hillenbrand Profile

(Free Report)

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.

Further Reading

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