Hillenbrand, Inc. (NYSE:HI) Shares Acquired by Foundry Partners LLC

Foundry Partners LLC boosted its stake in Hillenbrand, Inc. (NYSE:HIFree Report) by 38.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 160,814 shares of the company’s stock after buying an additional 44,589 shares during the period. Foundry Partners LLC’s holdings in Hillenbrand were worth $6,804,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Belpointe Asset Management LLC raised its holdings in shares of Hillenbrand by 94.4% during the first quarter. Belpointe Asset Management LLC now owns 700 shares of the company’s stock worth $33,000 after purchasing an additional 340 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Hillenbrand by 63.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 793 shares of the company’s stock worth $34,000 after acquiring an additional 308 shares during the period. First Capital Advisors Group LLC. acquired a new stake in shares of Hillenbrand in the 2nd quarter worth about $48,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Hillenbrand in the 3rd quarter worth about $112,000. Finally, Avantax Planning Partners Inc. acquired a new stake in shares of Hillenbrand in the 3rd quarter worth about $202,000. 89.12% of the stock is owned by institutional investors and hedge funds.

Hillenbrand Price Performance

Shares of NYSE:HI traded up $0.55 during trading hours on Monday, hitting $46.80. 17,810 shares of the company’s stock traded hands, compared to its average volume of 288,069. Hillenbrand, Inc. has a 52 week low of $37.19 and a 52 week high of $53.76. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.79 and a current ratio of 1.28. The company’s fifty day simple moving average is $45.10 and its two-hundred day simple moving average is $43.74. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 5.99 and a beta of 1.50.

Hillenbrand (NYSE:HIGet Free Report) last posted its quarterly earnings data on Wednesday, November 15th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.06. Hillenbrand had a net margin of 18.39% and a return on equity of 14.65%. The company had revenue of $762.80 million during the quarter, compared to analyst estimates of $742.11 million. During the same quarter last year, the firm posted $1.05 EPS. The business’s revenue for the quarter was up 26.3% on a year-over-year basis. As a group, equities analysts anticipate that Hillenbrand, Inc. will post 3.72 EPS for the current fiscal year.

Hillenbrand Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a dividend of $0.2225 per share. The ex-dividend date of this dividend was Thursday, December 14th. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a yield of 1.90%. Hillenbrand’s dividend payout ratio is currently 11.53%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HI shares. TheStreet lowered shares of Hillenbrand from a “b-” rating to a “c+” rating in a research report on Monday, December 18th. CL King started coverage on shares of Hillenbrand in a research report on Tuesday, December 19th. They issued a “strong-buy” rating and a $61.00 target price for the company. Finally, StockNews.com lowered shares of Hillenbrand from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th.

Check Out Our Latest Analysis on HI

Insider Buying and Selling at Hillenbrand

In other news, Director Helen W. Cornell acquired 6,491 shares of Hillenbrand stock in a transaction on Thursday, November 30th. The stock was bought at an average cost of $38.43 per share, with a total value of $249,449.13. Following the completion of the purchase, the director now owns 11,691 shares of the company’s stock, valued at $449,285.13. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Helen W. Cornell purchased 6,491 shares of Hillenbrand stock in a transaction dated Thursday, November 30th. The stock was acquired at an average cost of $38.43 per share, with a total value of $249,449.13. Following the completion of the transaction, the director now directly owns 11,691 shares of the company’s stock, valued at $449,285.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert M. Vanhimbergen purchased 1,255 shares of Hillenbrand stock in a transaction dated Thursday, December 7th. The stock was bought at an average cost of $39.74 per share, with a total value of $49,873.70. Following the completion of the transaction, the chief financial officer now directly owns 21,799 shares of the company’s stock, valued at $866,292.26. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 10,902 shares of company stock valued at $424,111. 1.80% of the stock is currently owned by corporate insiders.

About Hillenbrand

(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.

See Also

Want to see what other hedge funds are holding HI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hillenbrand, Inc. (NYSE:HIFree Report).

Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

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