Hillenbrand, Inc. (NYSE:HI) Shares Bought by EMC Capital Management

EMC Capital Management grew its position in Hillenbrand, Inc. (NYSE:HI) by 236.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,768 shares of the company’s stock after buying an additional 8,268 shares during the quarter. EMC Capital Management’s holdings in Hillenbrand were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in 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. Matrix Trust Co purchased a new stake in shares of Hillenbrand during the third quarter worth $25,000. Summit Securities Group LLC acquired a new stake in shares of Hillenbrand in the second quarter valued at $90,000. Innealta Capital LLC purchased a new position in Hillenbrand in the second quarter valued at $93,000. Finally, LRI Investments LLC acquired a new position in Hillenbrand during the 1st quarter worth $117,000. 89.09% of the stock is owned by institutional investors and hedge funds.

Hillenbrand Price Performance

Shares of NYSE HI opened at $27.79 on Friday. The stock’s 50-day simple moving average is $28.17 and its 200-day simple moving average is $37.32. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.88 and a current ratio of 1.35. The firm has a market capitalization of $1.95 billion, a PE ratio of -9.45 and a beta of 1.38. Hillenbrand, Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $50.58.

Hillenbrand (NYSE:HI) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.85 earnings per share for the quarter, topping 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 company had revenue of $786.60 million for the quarter, compared to analysts’ expectations of $818.16 million. During the same quarter last year, the company earned $0.95 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, equities research analysts forecast that Hillenbrand, Inc. will post 3.23 EPS for the current fiscal year.

Hillenbrand Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.2225 per share. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, September 16th. This represents a $0.89 annualized dividend and a dividend yield of 3.20%. Hillenbrand’s dividend payout ratio (DPR) is presently -30.27%.

Analyst Upgrades and Downgrades

HI has been the subject of a number of analyst reports. KeyCorp started coverage on Hillenbrand in a research report on Wednesday, July 10th. They set an “overweight” rating and a $50.00 price objective for the company. DA Davidson downgraded 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 research report on Monday, August 12th. Finally, StockNews.com raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Hillenbrand presently has an average rating of “Moderate Buy” and an average target price 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.