Koch Industries Inc. Takes $308,000 Position in Hillenbrand Inc (HI)
Koch Industries Inc. bought a new position in Hillenbrand Inc (NYSE:HI) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 316,203 shares of the company’s stock, valued at approximately $308,000. Koch Industries Inc. owned 0.50% of Hillenbrand as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Chicago Equity Partners LLC boosted its holdings in shares of Hillenbrand by 1,212.6% in the 2nd quarter. Chicago Equity Partners LLC now owns 101,795 shares of the company’s stock worth $3,675,000 after purchasing an additional 94,040 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Hillenbrand by 6.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 510,155 shares of the company’s stock worth $18,290,000 after purchasing an additional 28,972 shares during the period. Rhumbline Advisers boosted its holdings in shares of Hillenbrand by 2.5% in the 2nd quarter. Rhumbline Advisers now owns 123,626 shares of the company’s stock worth $4,463,000 after purchasing an additional 3,059 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Hillenbrand by 6.3% in the 2nd quarter. Schroder Investment Management Group now owns 1,305,211 shares of the company’s stock worth $47,183,000 after purchasing an additional 77,200 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of Hillenbrand in the 1st quarter worth approximately $253,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.
A number of equities analysts have recently commented on HI shares. Zacks Investment Research cut Hillenbrand from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. FBR & Co reiterated an “outperform” rating on shares of Hillenbrand in a report on Tuesday, July 11th. Finally, BidaskClub cut Hillenbrand from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th.
Hillenbrand Inc (HI) opened at 39.00 on Thursday. Hillenbrand Inc has a one year low of $28.60 and a one year high of $39.55. The stock has a 50 day moving average price of $37.68 and a 200-day moving average price of $36.64. The stock has a market cap of $2.46 billion, a PE ratio of 20.21 and a beta of 1.26.
Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. The business had revenue of $395.90 million during the quarter, compared to analyst estimates of $388.57 million. Hillenbrand had a return on equity of 19.72% and a net margin of 7.87%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 earnings per share. Equities research analysts expect that Hillenbrand Inc will post $2.07 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a $0.205 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.09%. Hillenbrand’s dividend payout ratio (DPR) is presently 42.27%.
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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