Janus Henderson Group PLC Sells 1,487,619 Shares of Hillenbrand, Inc. (NYSE:HI)

Janus Henderson Group PLC lowered its holdings in Hillenbrand, Inc. (NYSE:HI) by 97.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,470 shares of the company’s stock after selling 1,487,619 shares during the period. Janus Henderson Group PLC’s holdings in Hillenbrand were worth $902,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of HI. Holocene Advisors LP bought a new stake in Hillenbrand during the 3rd quarter valued at $1,536,000. Centiva Capital LP purchased a new position in Hillenbrand during the 3rd quarter valued at about $263,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Hillenbrand during the 3rd quarter worth approximately $120,000. Edgestream Partners L.P. bought a new position in shares of Hillenbrand in the third quarter worth $4,368,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Hillenbrand in the third quarter worth $681,000. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Hillenbrand Stock Down 2.6 %

Shares of NYSE HI opened at $32.14 on Friday. Hillenbrand, Inc. has a 12 month low of $25.11 and a 12 month high of $50.58. The company has a current ratio of 1.27, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of -10.75 and a beta of 1.43. The business has a 50-day moving average of $30.52 and a 200-day moving average of $34.54.

Hillenbrand (NYSE:HI) last released its earnings results on Wednesday, November 13th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. The company had revenue of $837.60 million during the quarter, compared to the consensus estimate of $793.38 million. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. Hillenbrand’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 EPS. Sell-side analysts expect that Hillenbrand, Inc. will post 3.2 earnings per share for the current fiscal year.

Hillenbrand Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.225 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.90 annualized dividend and a dividend yield of 2.80%. This is an increase from Hillenbrand’s previous quarterly dividend of $0.22. Hillenbrand’s payout ratio is currently -29.77%.

Analyst Ratings Changes

HI has been the subject of several recent analyst reports. StockNews.com upgraded Hillenbrand from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. DA Davidson reissued a “neutral” rating and set a $33.00 price objective on shares of Hillenbrand in a report on Friday, November 15th. Finally, KeyCorp cut their price objective on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. Two equities research 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 company’s stock. According to MarketBeat, Hillenbrand currently has an average rating of “Moderate Buy” and an average price target of $44.67.

Hillenbrand Company 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.