Menta Capital LLC Purchases 13,400 Shares of Hillenbrand Inc (HI)
Menta Capital LLC lifted its position in shares of Hillenbrand Inc (NYSE:HI) by 32.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 55,090 shares of the company’s stock after acquiring an additional 13,400 shares during the period. Menta Capital LLC owned 0.09% of Hillenbrand worth $1,989,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings 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 during the period. Envestnet Asset Management Inc. lifted its holdings 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 during the period. Strs Ohio lifted its holdings 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 during the period. IFP Advisors Inc lifted its holdings 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 during the period. Finally, Acrospire Investment Management LLC lifted its holdings in 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 purchasing an additional 2,300 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.
Several research firms recently weighed in on HI. Zacks Investment Research raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. BidaskClub downgraded shares of Hillenbrand from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, FBR & Co reaffirmed an “outperform” rating on shares of Hillenbrand in a report on Tuesday, July 11th.
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In other Hillenbrand news, Director David Fennell bought 302,000 shares of the stock in a transaction dated Monday, June 26th. The stock was bought at an average cost of $0.10 per share, for a total transaction of $30,200.00. Company insiders own 1.74% of the company’s stock.
Shares of Hillenbrand Inc (HI) opened at 37.60 on Thursday. Hillenbrand Inc has a 12-month low of $28.60 and a 12-month high of $39.00. The firm has a market cap of $2.37 billion, a P/E ratio of 19.48 and a beta of 1.24. The company has a 50-day moving average of $36.00 and a 200 day moving average of $36.25.
Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, August 2nd. The company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.03. Hillenbrand had a return on equity of 19.72% and a net margin of 7.87%. The company had revenue of $395.90 million during the quarter, compared to analyst estimates of $388.57 million. During the same period last year, the company posted $0.53 earnings per share. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. Equities analysts predict that Hillenbrand Inc will post $2.07 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.205 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.18%. 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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