Carnegie Capital Asset Management LLC Has $609,000 Stake in Hillenbrand Inc (HI)
Carnegie Capital Asset Management LLC held its position in Hillenbrand Inc (NYSE:HI) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,000 shares of the company’s stock at the close of the second quarter. Carnegie Capital Asset Management LLC’s holdings in Hillenbrand were worth $609,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Hillenbrand by 1.1% during the 2nd quarter. BlackRock Inc. now owns 7,861,426 shares of the company’s stock valued at $283,796,000 after purchasing an additional 89,261 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Hillenbrand by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,560,333 shares of the company’s stock valued at $200,728,000 after purchasing an additional 59,046 shares in the last quarter. Janus Capital Management LLC raised its holdings in shares of Hillenbrand by 153.9% during the 1st quarter. Janus Capital Management LLC now owns 2,052,612 shares of the company’s stock valued at $73,586,000 after purchasing an additional 1,244,197 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Hillenbrand by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,575,172 shares of the company’s stock valued at $56,864,000 after purchasing an additional 9,612 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Hillenbrand by 5.9% during the 1st quarter. State Street Corp now owns 1,451,269 shares of the company’s stock valued at $52,022,000 after purchasing an additional 80,769 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.
A number of research analysts have recently weighed in on HI shares. Zacks Investment Research downgraded shares of Hillenbrand from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub downgraded shares of Hillenbrand from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, FBR & Co restated an “outperform” rating on shares of Hillenbrand in a report on Tuesday, July 11th.
Hillenbrand Inc (NYSE HI) traded down 1.27% on Friday, hitting $38.85. 330,017 shares of the stock were exchanged. The stock has a market capitalization of $2.45 billion, a P/E ratio of 20.13 and a beta of 1.24. Hillenbrand Inc has a one year low of $28.60 and a one year high of $39.40. The company has a 50 day moving average of $36.00 and a 200 day moving average of $36.25.
Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, August 2nd. The company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.03. Hillenbrand had a net margin of 7.87% and a return on equity of 19.72%. The business had revenue of $395.90 million during the quarter, compared to analysts’ expectations of $388.57 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The firm’s revenue was up 6.7% on a year-over-year basis. On average, equities research analysts forecast that Hillenbrand Inc will post $2.07 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.11%. The ex-dividend date was Thursday, September 14th. Hillenbrand’s payout ratio is 42.27%.
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Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
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