Janus Henderson Group PLC Acquires 240,920 Shares of Hillenbrand, Inc. (HI)
Janus Henderson Group PLC lifted its holdings in Hillenbrand, Inc. (NYSE:HI) by 10.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,648,772 shares of the company’s stock after acquiring an additional 240,920 shares during the quarter. Janus Henderson Group PLC owned 4.20% of Hillenbrand worth $102,905,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in HI. Strs Ohio increased its stake in shares of Hillenbrand by 50.0% in the second quarter. Strs Ohio now owns 3,000 shares of the company’s stock worth $108,000 after buying an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Hillenbrand by 9.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,226 shares of the company’s stock worth $116,000 after buying an additional 268 shares during the period. IFP Advisors Inc increased its stake in shares of Hillenbrand by 1.0% in the second quarter. IFP Advisors Inc now owns 3,608 shares of the company’s stock worth $130,000 after buying an additional 35 shares during the period. Acrospire Investment Management LLC increased its stake in shares of Hillenbrand by 164.2% in the second quarter. Acrospire Investment Management LLC now owns 3,701 shares of the company’s stock worth $134,000 after buying an additional 2,300 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Hillenbrand by 6.5% in the second quarter. Public Employees Retirement System of Ohio now owns 3,771 shares of the company’s stock worth $136,000 after buying an additional 230 shares during the period. Hedge funds and other institutional investors own 76.36% of the company’s stock.
A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. B. Riley reissued a “buy” rating on shares of Hillenbrand in a research report on Wednesday, November 1st. Finally, Capital One Financial assumed coverage on shares of Hillenbrand in a research report on Monday, October 23rd. They set an “equal weight” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $50.50.
Shares of Hillenbrand, Inc. (NYSE HI) traded down $0.25 during trading on Friday, reaching $44.50. 332,800 shares of the company’s stock were exchanged, compared to its average volume of 277,258. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58. The stock has a market cap of $2,820.29, a P/E ratio of 21.31 and a beta of 1.41. Hillenbrand, Inc. has a fifty-two week low of $34.65 and a fifty-two week high of $46.50.
Hillenbrand (NYSE:HI) last issued its quarterly earnings data on Wednesday, November 15th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.04. The business had revenue of $442.90 million for the quarter, compared to the consensus estimate of $427.45 million. Hillenbrand had a net margin of 7.94% and a return on equity of 19.26%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.58 EPS. sell-side analysts expect that Hillenbrand, Inc. will post 2.24 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 18th will be given a dividend of $0.2075 per share. This is an increase from Hillenbrand’s previous quarterly dividend of $0.21. This represents a $0.83 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Friday, December 15th. Hillenbrand’s payout ratio is presently 41.41%.
In other news, SVP Diane R. Bohman sold 6,873 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $43.50, for a total value of $298,975.50. Following the sale, the senior vice president now directly owns 36,544 shares of the company’s stock, valued at approximately $1,589,664. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joe Anthony Raver sold 34,565 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $43.25, for a total transaction of $1,494,936.25. The disclosure for this sale can be found here. 1.74% of the stock is owned by corporate insiders.
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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