Bank of Montreal Can Reduces Position in Hillenbrand, Inc. (NYSE:HI)

Bank of Montreal Can reduced its holdings in Hillenbrand, Inc. (NYSE:HI) by 11.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,974 shares of the company’s stock after selling 1,626 shares during the period. Bank of Montreal Can’s holdings in Hillenbrand were worth $538,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. UniSuper Management Pty Ltd purchased a new stake in shares of Hillenbrand during the 1st quarter valued at approximately $755,000. Vanguard Group Inc. lifted its position in Hillenbrand by 3.5% in the first quarter. Vanguard Group Inc. now owns 8,702,418 shares of the company’s stock valued at $437,645,000 after buying an additional 290,275 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Hillenbrand during the first quarter worth about $3,285,000. Hotchkis & Wiley Capital Management LLC increased its position in shares of Hillenbrand by 10.4% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 273,990 shares of the company’s stock valued at $13,110,000 after acquiring an additional 25,900 shares during the last quarter. Finally, Raymond James & Associates raised its stake in shares of Hillenbrand by 4.3% in the 2nd quarter. Raymond James & Associates now owns 392,196 shares of the company’s stock valued at $15,696,000 after acquiring an additional 16,323 shares during the period. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Hillenbrand Price Performance

HI stock opened at $25.38 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 0.88 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $1.78 billion, a P/E ratio of 20.98 and a beta of 1.38. The business has a 50 day simple moving average of $31.25 and a 200-day simple moving average of $39.85. Hillenbrand, Inc. has a twelve month low of $25.11 and a twelve month high of $50.58.

Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, August 7th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. Hillenbrand had a negative net margin of 6.67% and a positive return on equity of 14.89%. The business had revenue of $786.60 million during the quarter, compared to analysts’ expectations of $818.16 million. During the same period in the prior year, the company earned $0.95 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year. As a group, equities analysts anticipate that Hillenbrand, Inc. will post 3.23 EPS for the current year.

Hillenbrand Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.2225 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 3.51%. This is an increase 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 is 73.55%.

Analyst Ratings Changes

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

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.