Bahl & Gaynor Inc. Maintains Position in Hillenbrand Inc (HI)
Bahl & Gaynor Inc. continued to hold its stake in shares of Hillenbrand Inc (NYSE:HI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,073 shares of the company’s stock at the close of the second quarter. Bahl & Gaynor Inc. owned approximately 0.07% of Hillenbrand worth $1,652,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of HI. Chicago Equity Partners LLC lifted its position in Hillenbrand by 1,212.6% during the second quarter. Chicago Equity Partners LLC now owns 101,795 shares of the company’s stock valued at $3,675,000 after purchasing an additional 94,040 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Hillenbrand by 6.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 510,155 shares of the company’s stock valued at $18,290,000 after purchasing an additional 28,972 shares during the period. Jane Street Group LLC bought a new position in Hillenbrand during the first quarter valued at approximately $253,000. State of Alaska Department of Revenue lifted its position in Hillenbrand by 77.1% during the second quarter. State of Alaska Department of Revenue now owns 12,502 shares of the company’s stock valued at $451,000 after purchasing an additional 5,442 shares during the period. Finally, Stifel Financial Corp lifted its position in Hillenbrand by 19.8% during the first quarter. Stifel Financial Corp now owns 306,137 shares of the company’s stock valued at $10,978,000 after purchasing an additional 50,598 shares during the period. Hedge funds and other institutional investors own 76.00% of the company’s stock.
Shares of Hillenbrand Inc (NYSE:HI) traded up 0.96% on Friday, reaching $36.70. 553,905 shares of the company were exchanged. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 19.02 and a beta of 1.24. Hillenbrand Inc has a 52 week low of $28.60 and a 52 week high of $39.00. The firm’s 50 day moving average price is $35.93 and its 200 day moving average price is $36.25.
Hillenbrand (NYSE:HI) last released its earnings results on Wednesday, August 2nd. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. The company had revenue of $395.90 million during the quarter, compared to analysts’ expectations of $388.57 million. Hillenbrand had a net margin of 7.87% and a return on equity of 19.72%. Hillenbrand’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the business earned $0.53 EPS. Equities research analysts anticipate that Hillenbrand Inc will post $2.07 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Thursday, September 14th. Hillenbrand’s dividend payout ratio (DPR) is presently 42.27%.
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In related news, Director David Fennell bought 302,000 shares of the stock in a transaction that occurred on Monday, June 26th. The stock was bought at an average cost of $0.10 per share, for a total transaction of $30,200.00. Insiders purchased a total of 797,000 shares of company stock valued at $78,350 over the last quarter. 1.74% of the stock is owned by company insiders.
A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Hillenbrand from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub downgraded shares of Hillenbrand from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, FBR & Co restated an “outperform” rating on shares of Hillenbrand in a research report on Tuesday, July 11th.
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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