Hillenbrand, Inc. (HI) Holdings Raised by OppenheimerFunds Inc.
OppenheimerFunds Inc. grew its holdings in Hillenbrand, Inc. (NYSE:HI) by 7.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,491 shares of the company’s stock after acquiring an additional 1,709 shares during the quarter. OppenheimerFunds Inc.’s holdings in Hillenbrand were worth $1,108,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. SG Americas Securities LLC raised its position in Hillenbrand by 50.0% in the first quarter. SG Americas Securities LLC now owns 10,426 shares of the company’s stock worth $479,000 after purchasing an additional 3,477 shares in the last quarter. Swiss National Bank raised its position in Hillenbrand by 3.4% in the first quarter. Swiss National Bank now owns 109,700 shares of the company’s stock worth $5,035,000 after purchasing an additional 3,600 shares in the last quarter. Aperio Group LLC raised its position in Hillenbrand by 9.1% in the first quarter. Aperio Group LLC now owns 20,794 shares of the company’s stock worth $954,000 after purchasing an additional 1,739 shares in the last quarter. BlackRock Inc. raised its position in Hillenbrand by 4.6% in the first quarter. BlackRock Inc. now owns 8,685,345 shares of the company’s stock worth $398,657,000 after purchasing an additional 381,777 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Hillenbrand by 13.6% in the first quarter. JPMorgan Chase & Co. now owns 140,243 shares of the company’s stock worth $6,437,000 after purchasing an additional 16,770 shares in the last quarter. 76.04% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently issued reports on the stock. TheStreet raised shares of Hillenbrand from a “c+” rating to an “a-” rating in a research report on Thursday, August 2nd. Zacks Investment Research lowered shares of Hillenbrand from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 4th. B. Riley set a $62.00 price target on shares of Hillenbrand and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Finally, Sidoti lowered shares of Hillenbrand from a “buy” rating to a “neutral” rating and set a $57.00 price target for the company. in a research report on Wednesday, August 22nd. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Hillenbrand presently has a consensus rating of “Buy” and an average price target of $59.00.
Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Wednesday, August 1st. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The company had revenue of $446.00 million during the quarter, compared to analyst estimates of $403.80 million. Hillenbrand had a net margin of 4.04% and a return on equity of 20.46%. The company’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $0.53 earnings per share. equities analysts predict that Hillenbrand, Inc. will post 2.39 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be issued a dividend of $0.2075 per share. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, September 13th. This represents a $0.83 annualized dividend and a dividend yield of 1.60%. Hillenbrand’s dividend payout ratio (DPR) is presently 39.34%.
Hillenbrand Company Profile
Hillenbrand, Inc operates as a diversified industrial company worldwide. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, and forest products.
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