Glenmede Trust Co. NA Has $31.36 Million Holdings in Hillenbrand, Inc. (HI)
Glenmede Trust Co. NA boosted its holdings in Hillenbrand, Inc. (NYSE:HI) by 175,287.5% in the 4th quarter, HoldingsChannel reports. The firm owned 701,550 shares of the company’s stock after acquiring an additional 701,150 shares during the period. Glenmede Trust Co. NA’s holdings in Hillenbrand were worth $31,358,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new stake in Hillenbrand in the 4th quarter worth about $110,000. Bessemer Group Inc. acquired a new stake in Hillenbrand in the 4th quarter worth about $183,000. Ifrah Financial Services Inc. acquired a new stake in Hillenbrand in the 4th quarter worth about $220,000. S&CO Inc. acquired a new stake in Hillenbrand in the 4th quarter worth about $224,000. Finally, Bluestein R H & Co. acquired a new stake in Hillenbrand in the 4th quarter worth about $224,000. Institutional investors and hedge funds own 78.13% of the company’s stock.
Several analysts have weighed in on HI shares. Zacks Investment Research upgraded shares of Hillenbrand from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Tuesday, December 12th. B. Riley reiterated a “buy” rating and issued a $50.00 price objective on shares of Hillenbrand in a research note on Monday, December 18th. Finally, ValuEngine raised shares of Hillenbrand from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Hillenbrand has a consensus rating of “Hold” and a consensus price target of $51.50.
Hillenbrand (NYSE:HI) last released its earnings results on Wednesday, January 31st. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.49 by $0.05. Hillenbrand had a net margin of 7.52% and a return on equity of 19.51%. The firm had revenue of $397.20 million for the quarter, compared to analyst estimates of $384.30 million. During the same period last year, the firm earned $0.42 EPS. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. equities research analysts predict that Hillenbrand, Inc. will post 2.36 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be issued a $0.2075 dividend. This represents a $0.83 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Thursday, March 15th. Hillenbrand’s dividend payout ratio is currently 43.23%.
In related news, insider Joe Anthony Raver sold 33,931 shares of Hillenbrand stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $47.04, for a total transaction of $1,596,114.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Eric M. Teegarden sold 5,177 shares of Hillenbrand stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $44.49, for a total transaction of $230,324.73. Following the sale, the vice president now directly owns 3,531 shares in the company, valued at $157,094.19. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,525 shares of company stock worth $1,846,113. Insiders own 1.81% of the company’s stock.
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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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