Hillenbrand, Inc. (HI) Position Increased by Ramsey Quantitative Systems
Ramsey Quantitative Systems increased its holdings in shares of Hillenbrand, Inc. (NYSE:HI) by 17.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,862 shares of the company’s stock after purchasing an additional 1,166 shares during the quarter. Ramsey Quantitative Systems’ holdings in Hillenbrand were worth $411,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Macquarie Group Ltd. increased its position in shares of Hillenbrand by 23.3% during the 2nd quarter. Macquarie Group Ltd. now owns 5,300 shares of the company’s stock worth $250,000 after purchasing an additional 1,000 shares during the last quarter. Stevens Capital Management LP boosted its holdings in Hillenbrand by 5.0% during the 2nd quarter. Stevens Capital Management LP now owns 22,057 shares of the company’s stock valued at $1,040,000 after acquiring an additional 1,042 shares during the period. Piedmont Investment Advisors LLC boosted its holdings in Hillenbrand by 8.2% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 14,572 shares of the company’s stock valued at $687,000 after acquiring an additional 1,100 shares during the period. Amalgamated Bank boosted its holdings in Hillenbrand by 12.5% during the 2nd quarter. Amalgamated Bank now owns 10,232 shares of the company’s stock valued at $482,000 after acquiring an additional 1,134 shares during the period. Finally, Strs Ohio boosted its holdings in Hillenbrand by 3.8% during the 2nd quarter. Strs Ohio now owns 32,500 shares of the company’s stock valued at $1,532,000 after acquiring an additional 1,200 shares during the period. 76.04% of the stock is owned by hedge funds and other institutional investors.
Shares of HI traded down $0.11 during midday trading on Wednesday, hitting $51.10. The company had a trading volume of 177,500 shares, compared to its average volume of 259,039. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.89 and a current ratio of 1.22. The stock has a market capitalization of $3.26 billion, a PE ratio of 24.18 and a beta of 1.25. Hillenbrand, Inc. has a 1 year low of $38.15 and a 1 year high of $53.41.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were paid a $0.2075 dividend. This represents a $0.83 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, September 13th. This is a boost from Hillenbrand’s previous quarterly dividend of $0.21. Hillenbrand’s dividend payout ratio (DPR) is presently 39.34%.
A number of equities analysts recently commented on HI shares. Sidoti cut Hillenbrand from a “buy” rating to a “neutral” rating and set a $57.00 target price for the company. in a report on Wednesday, August 22nd. They noted that the move was a valuation call. TheStreet upgraded Hillenbrand from a “c+” rating to an “a-” rating in a report on Thursday, August 2nd. Zacks Investment Research upgraded Hillenbrand from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Friday, August 3rd. Finally, B. Riley set a $62.00 target price on Hillenbrand and gave the company a “buy” rating in a report on Thursday, August 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $59.00.
Hillenbrand Company Profile
Hillenbrand, Inc operates as a diversified industrial company worldwide. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, and forest products.
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