Thrivent Financial for Lutherans Has $2.33 Million Stake in Hillenbrand, Inc. (NYSE:HI)

Thrivent Financial for Lutherans reduced its holdings in Hillenbrand, Inc. (NYSE:HI) by 4.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,272 shares of the company’s stock after selling 2,586 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of Hillenbrand worth $2,332,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of HI. GAMMA Investing LLC raised its stake in shares of Hillenbrand by 58.2% in the second quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock worth $28,000 after acquiring an additional 262 shares during the last quarter. Transcendent Capital Group LLC bought a new position in Hillenbrand in the 4th quarter worth approximately $63,000. Summit Securities Group LLC bought a new position in Hillenbrand in the 2nd quarter worth approximately $90,000. Innealta Capital LLC acquired a new position in Hillenbrand during the 2nd quarter worth $93,000. Finally, LRI Investments LLC boosted its position in Hillenbrand by 15.0% in the 2nd quarter. LRI Investments LLC now owns 2,679 shares of the company’s stock valued at $107,000 after buying an additional 349 shares during the last quarter. 89.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Hillenbrand Price Performance

Shares of Hillenbrand stock opened at $27.80 on Tuesday. The business has a fifty day simple moving average of $33.60 and a 200 day simple moving average of $40.91. The stock has a market cap of $1.95 billion, a PE ratio of 22.98 and a beta of 1.39. The company has a quick ratio of 0.88, a current ratio of 1.35 and a debt-to-equity ratio of 1.44. Hillenbrand, Inc. has a 12 month low of $25.49 and a 12 month high of $50.58.

Hillenbrand (NYSE:HI) last posted its earnings results on Wednesday, August 7th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.03. The company had revenue of $786.60 million during the quarter, compared to analyst estimates of $818.16 million. Hillenbrand had a positive return on equity of 14.89% and a negative net margin of 6.67%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.95 EPS. Research analysts predict 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. Stockholders of record on Monday, September 16th were given a dividend of $0.2225 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 3.20%. This is a boost from Hillenbrand’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, September 16th. Hillenbrand’s dividend payout ratio (DPR) 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.