S&CO Inc. Acquires New Position in Hillenbrand, Inc. (HI)
S&CO Inc. acquired a new position in Hillenbrand, Inc. (NYSE:HI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,000 shares of the company’s stock, valued at approximately $224,000.
A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Hillenbrand by 1.1% in the second quarter. BlackRock Inc. now owns 7,861,426 shares of the company’s stock worth $283,796,000 after acquiring an additional 89,261 shares during the period. Vanguard Group Inc. lifted its stake in Hillenbrand by 1.1% in the second quarter. Vanguard Group Inc. now owns 5,560,333 shares of the company’s stock worth $200,728,000 after acquiring an additional 59,046 shares during the period. Janus Henderson Group PLC lifted its stake in Hillenbrand by 10.0% in the third quarter. Janus Henderson Group PLC now owns 2,648,772 shares of the company’s stock worth $102,905,000 after acquiring an additional 240,920 shares during the period. Clarkston Capital Partners LLC lifted its stake in Hillenbrand by 6.0% in the third quarter. Clarkston Capital Partners LLC now owns 2,134,540 shares of the company’s stock worth $82,927,000 after acquiring an additional 120,471 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Hillenbrand by 5.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,666,456 shares of the company’s stock worth $64,743,000 after acquiring an additional 91,284 shares during the period. 76.19% of the stock is owned by institutional investors.
In other news, insider Joe Anthony Raver sold 34,565 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $43.25, for a total transaction of $1,494,936.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $298,975.50. Following the transaction, the senior vice president now owns 36,544 shares in the company, valued at approximately $1,589,664. The disclosure for this sale can be found here. Corporate insiders own 1.81% of the company’s stock.
Hillenbrand (NYSE:HI) last released its quarterly earnings results on Wednesday, November 15th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.04. The business had revenue of $442.90 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 earnings per share. sell-side analysts expect that Hillenbrand, Inc. will post 2.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were issued a dividend of $0.2075 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.83 annualized dividend and a dividend yield of 1.82%. This is an increase from Hillenbrand’s previous quarterly dividend of $0.21. Hillenbrand’s dividend payout ratio is 42.13%.
Several analysts have commented on the stock. Zacks Investment Research lowered shares of Hillenbrand from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. ValuEngine raised shares of Hillenbrand from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. B. Riley reissued a “buy” rating and set a $50.00 price target on shares of Hillenbrand in a research report on Monday, December 18th. Finally, Capital One Financial assumed coverage on shares of Hillenbrand in a research report on Monday, October 23rd. They set an “equal weight” rating for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $50.50.
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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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