Hillenbrand Inc $HI Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its position in Hillenbrand Inc (NYSE:HI) by 15.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 250,342 shares of the company’s stock after selling 47,295 shares during the period. ProShare Advisors LLC owned 0.36% of Hillenbrand worth $6,769,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Hantz Financial Services Inc. lifted its stake in shares of Hillenbrand by 203.7% in the third quarter. Hantz Financial Services Inc. now owns 1,136 shares of the company’s stock worth $31,000 after buying an additional 762 shares in the last quarter. Osaic Holdings Inc. grew its stake in Hillenbrand by 74.0% during the 2nd quarter. Osaic Holdings Inc. now owns 1,965 shares of the company’s stock valued at $40,000 after acquiring an additional 836 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Hillenbrand by 622.7% in the 1st quarter. Jones Financial Companies Lllp now owns 3,729 shares of the company’s stock valued at $90,000 after acquiring an additional 3,213 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Hillenbrand by 47.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,155 shares of the company’s stock valued at $144,000 after acquiring an additional 2,315 shares during the last quarter. Finally, Savant Capital LLC purchased a new position in Hillenbrand in the 3rd quarter worth approximately $209,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HI. DA Davidson restated a “neutral” rating and issued a $32.00 price target on shares of Hillenbrand in a research report on Thursday, November 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Hillenbrand in a research note on Monday, December 29th. Finally, CJS Securities restated a “market perform” rating and issued a $32.00 target price on shares of Hillenbrand in a report on Thursday, October 16th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $32.00.

Hillenbrand Stock Performance

HI opened at $31.98 on Friday. Hillenbrand Inc has a one year low of $18.36 and a one year high of $35.48. The stock has a market capitalization of $2.25 billion, a PE ratio of 52.43 and a beta of 1.40. The business’s 50 day moving average price is $31.83 and its 200 day moving average price is $28.85. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.88 and a current ratio of 1.22.

Hillenbrand (NYSE:HI) last posted its earnings results on Wednesday, February 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.66). Hillenbrand had a return on equity of 12.69% and a net margin of 1.61%.The business had revenue of $540.00 million for the quarter, compared to analyst estimates of $607.10 million. As a group, equities research analysts expect that Hillenbrand Inc will post 2.53 EPS for the current year.

Hillenbrand Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were given a $0.2275 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This is an increase from Hillenbrand’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a yield of 2.8%. Hillenbrand’s dividend payout ratio is currently 149.18%.

Hillenbrand Company Profile

Hillenbrand, Inc, headquartered in Batesville, Indiana, is a global industrial company specializing in engineered equipment and process solutions. Through its Coperion division, Hillenbrand designs and manufactures compounding and extrusion systems, polymer and food processing equipment, bulk material handling technologies and associated automation. These offerings support a variety of end markets, including plastics, chemicals, food, pharmaceutical and minerals, helping customers optimize production efficiency and product quality.

Tracing its roots to the Batesville Casket Company founded in 1906, the organization evolved through strategic acquisitions and expanded its focus on process technologies.