Mercer Global Advisors Inc. ADV Purchases 1,096 Shares of Hillenbrand, Inc. (NYSE:HI)

Mercer Global Advisors Inc. ADV grew its position in shares of Hillenbrand, Inc. (NYSE:HI) by 25.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,394 shares of the company’s stock after buying an additional 1,096 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Hillenbrand were worth $216,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Hillenbrand by 58.2% during the 2nd quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock worth $28,000 after buying an additional 262 shares in the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Hillenbrand during the 4th quarter worth approximately $63,000. Summit Securities Group LLC purchased a new stake in shares of Hillenbrand during the 2nd quarter worth approximately $90,000. Innealta Capital LLC purchased a new stake in shares of Hillenbrand during the 2nd quarter worth approximately $93,000. Finally, LRI Investments LLC purchased a new stake in shares of Hillenbrand during the 1st quarter worth approximately $117,000. Institutional investors own 89.09% of the company’s stock.

Wall Street Analysts Forecast Growth

HI has been the subject of several research analyst reports. DA Davidson lowered shares of Hillenbrand from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $54.00 to $33.00 in a research note on Monday, August 12th. StockNews.com upgraded shares of Hillenbrand from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. Finally, KeyCorp began coverage on shares of Hillenbrand in a research note on Wednesday, July 10th. They set an “overweight” rating and a $50.00 price target for the company. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Hillenbrand has an average rating of “Moderate Buy” and a consensus price target of $48.00.

Hillenbrand Price Performance

Hillenbrand stock opened at $27.80 on Tuesday. Hillenbrand, Inc. has a 1-year low of $25.49 and a 1-year high of $50.58. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 22.98 and a beta of 1.39. 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 firm has a 50 day simple moving average of $33.60 and a 200 day simple moving average of $40.91.

Hillenbrand (NYSE:HI) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.85 earnings per share 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 analyst estimates of $818.16 million. During the same period in the previous year, the business earned $0.95 EPS. Hillenbrand’s revenue was up 9.8% compared to the same quarter last year. On average, analysts predict that Hillenbrand, Inc. will post 3.23 earnings per share 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 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 dividend yield of 3.20%. The ex-dividend date was Monday, September 16th. Hillenbrand’s payout ratio is 73.55%.

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.