Hillenbrand, Inc. (NYSE:HI) Short Interest Update

Hillenbrand, Inc. (NYSE:HI) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 1,430,000 shares, an increase of 34.9% from the August 15th total of 1,060,000 shares. Based on an average daily volume of 410,600 shares, the short-interest ratio is currently 3.5 days. Currently, 2.0% of the shares of the stock are sold short.

In related news, VP J Michael Whitted sold 6,374 shares of the company’s stock in a transaction dated Monday, August 9th. The shares were sold at an average price of $44.07, for a total transaction of $280,902.18. Following the completion of the transaction, the vice president now owns 7,784 shares in the company, valued at approximately $343,040.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.03% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Truvestments Capital LLC lifted its holdings in Hillenbrand by 4.6% during the 2nd quarter. Truvestments Capital LLC now owns 5,877 shares of the company’s stock worth $259,000 after buying an additional 256 shares in the last quarter. Profund Advisors LLC lifted its holdings in Hillenbrand by 3.2% during the 1st quarter. Profund Advisors LLC now owns 8,503 shares of the company’s stock worth $406,000 after buying an additional 261 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Hillenbrand by 4.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,520 shares of the company’s stock worth $287,000 after buying an additional 270 shares in the last quarter. Creative Planning lifted its holdings in Hillenbrand by 1.7% during the 2nd quarter. Creative Planning now owns 18,303 shares of the company’s stock worth $807,000 after buying an additional 305 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in Hillenbrand by 15.7% during the 2nd quarter. Huntington National Bank now owns 2,313 shares of the company’s stock worth $102,000 after buying an additional 313 shares in the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on HI. Barrington Research reaffirmed a “buy” rating and set a $62.00 price objective on shares of Hillenbrand in a research note on Monday. TheStreet cut shares of Hillenbrand from a “b” rating to a “c+” rating in a research note on Friday, August 6th. Finally, Zacks Investment Research raised shares of Hillenbrand from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Friday.

Shares of Hillenbrand stock traded down $0.38 during mid-day trading on Monday, hitting $41.30. The stock had a trading volume of 577,103 shares, compared to its average volume of 390,530. The firm has a 50-day moving average of $44.29 and a two-hundred day moving average of $46.07. Hillenbrand has a 12-month low of $26.35 and a 12-month high of $52.84. The company has a quick ratio of 1.01, a current ratio of 1.41 and a debt-to-equity ratio of 0.97. The firm has a market cap of $3.02 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 0.96 and a beta of 1.52.

Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Wednesday, August 4th. The company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.09. The firm had revenue of $695.00 million during the quarter, compared to analysts’ expectations of $686.00 million. Hillenbrand had a net margin of 6.70% and a return on equity of 23.51%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company posted $0.65 EPS. Sell-side analysts expect that Hillenbrand will post 3.69 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Thursday, September 16th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Wednesday, September 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.08%. Hillenbrand’s payout ratio is currently 26.96%.

About Hillenbrand

Hillenbrand, Inc is a diversified industrial company, which engages in the development, manufacture, and sale of engineered industrial equipment. It operates through the following segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville. Advanced Process Solutions segment designs, engineers, manufactures, markets, and services differentiated process and material handling equipment and systems for a wide variety of industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.

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