Hillenbrand Inc (HI) Stake Decreased by Paradigm Capital Management Inc. NY
Paradigm Capital Management Inc. NY lowered its position in Hillenbrand Inc (NYSE:HI) by 19.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,400 shares of the company’s stock after selling 11,000 shares during the quarter. Paradigm Capital Management Inc. NY owned approximately 0.07% of Hillenbrand worth $1,602,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Hillenbrand by 75.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,958 shares of the company’s stock worth $106,000 after purchasing an additional 1,268 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Hillenbrand by 9.4% in the first quarter. Envestnet Asset Management Inc. now owns 2,971 shares of the company’s stock worth $107,000 after purchasing an additional 255 shares in the last quarter. Strs Ohio grew its stake in Hillenbrand by 50.0% in the second quarter. Strs Ohio now owns 3,000 shares of the company’s stock worth $108,000 after purchasing an additional 1,000 shares in the last quarter. Tyers Asset Management LLC grew its stake in Hillenbrand by 14.2% in the first quarter. Tyers Asset Management LLC now owns 3,388 shares of the company’s stock worth $121,000 after purchasing an additional 420 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in 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 purchasing an additional 35 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors.
In other news, Director David Fennell bought 300,000 shares of the business’s stock in a transaction on Monday, June 19th. The shares were bought at an average price of $0.10 per share, with a total value of $30,000.00. In the last three months, insiders acquired 807,000 shares of company stock worth $79,350. 1.74% of the stock is owned by corporate insiders.
Several research analysts recently issued reports on HI shares. Zacks Investment Research cut Hillenbrand from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. BidaskClub cut Hillenbrand from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, FBR & Co reissued an “outperform” rating on shares of Hillenbrand in a research note on Tuesday, July 11th.
Hillenbrand Inc (HI) opened at 36.20 on Wednesday. The company has a 50-day moving average price of $35.91 and a 200 day moving average price of $36.26. The company has a market cap of $2.28 billion, a PE ratio of 18.76 and a beta of 1.24. Hillenbrand Inc has a 52 week low of $28.60 and a 52 week high of $39.00.
Hillenbrand (NYSE:HI) last announced its 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 company had revenue of $395.90 million for 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 firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 earnings per share. On average, equities research analysts forecast that Hillenbrand Inc will post $2.07 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Thursday, September 14th. Hillenbrand’s payout ratio is 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.
Want to see what other hedge funds are holding HI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hillenbrand Inc (NYSE:HI).
Receive News & Ratings for Hillenbrand Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillenbrand Inc and related companies with MarketBeat.com's FREE daily email newsletter.