Brown Brothers Harriman & Co. decreased its stake in shares of Hillenbrand, Inc. (NYSE:HI) by 5.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,870 shares of the company’s stock after selling 830 shares during the period. Brown Brothers Harriman & Co.’s holdings in Hillenbrand were worth $655,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in Hillenbrand by 8.5% during the 1st quarter. Geode Capital Management LLC now owns 1,271,500 shares of the company’s stock valued at $60,663,000 after purchasing an additional 99,963 shares in the last quarter. NFJ Investment Group LLC bought a new position in Hillenbrand during the 1st quarter valued at $3,441,000. Penserra Capital Management LLC bought a new position in Hillenbrand during the 1st quarter valued at $4,691,000. Huntington National Bank boosted its stake in Hillenbrand by 15.7% during the 2nd quarter. Huntington National Bank now owns 2,313 shares of the company’s stock valued at $102,000 after acquiring an additional 313 shares during the last quarter. Finally, AlphaCrest Capital Management LLC boosted its stake in Hillenbrand by 430.8% during the 2nd quarter. AlphaCrest Capital Management LLC now owns 36,662 shares of the company’s stock valued at $1,616,000 after acquiring an additional 29,755 shares during the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have commented on HI shares. Barrington Research reiterated a “buy” rating and set a $62.00 price objective on shares of Hillenbrand in a research note on Monday, September 20th. TheStreet downgraded shares of Hillenbrand from a “b” rating to a “c+” rating in a research report on Friday, August 6th. Finally, Zacks Investment Research downgraded shares of Hillenbrand from a “buy” rating to a “hold” rating in a research report on Wednesday, October 6th.
Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Wednesday, August 4th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.09. Hillenbrand had a return on equity of 23.51% and a net margin of 6.70%. The company had revenue of $695.00 million for the quarter, compared to analysts’ expectations of $686.00 million. During the same period last year, the firm earned $0.65 EPS. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. Equities research analysts forecast that Hillenbrand, Inc. will post 3.69 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 30th. Stockholders of record on Thursday, September 16th were paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Wednesday, September 15th. Hillenbrand’s dividend payout ratio is presently 26.96%.
In other news, VP J Michael Whitted sold 6,374 shares of the firm’s stock in a transaction on Monday, August 9th. The stock was sold at an average price of $44.07, for a total transaction of $280,902.18. Following the completion of the sale, the vice president now directly owns 7,784 shares of the company’s stock, valued at approximately $343,040.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.03% of the company’s stock.
Hillenbrand, Inc is a diversified industrial company, which engages in the development, manufacture, and sale of engineered industrial equipment. It operates through the following segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville. Advanced Process Solutions segment designs, engineers, manufactures, markets, and services differentiated process and material handling equipment and systems for a wide variety of industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.
Featured Article: Does the Step Transaction Doctrine Affect a Backdoor Roth IRA?
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:HI).
Receive News & Ratings for Hillenbrand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillenbrand and related companies with MarketBeat.com's FREE daily email newsletter.