Hillenbrand Inc $HI Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB increased its stake in Hillenbrand Inc (NYSE:HI) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 503,722 shares of the company’s stock after purchasing an additional 17,852 shares during the quarter. Nordea Investment Management AB owned about 0.71% of Hillenbrand worth $13,464,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HI. Osaic Holdings Inc. boosted its holdings in shares of Hillenbrand by 74.0% in the second quarter. Osaic Holdings Inc. now owns 1,965 shares of the company’s stock valued at $40,000 after acquiring an additional 836 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Hillenbrand by 29.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,432 shares of the company’s stock valued at $49,000 after purchasing an additional 547 shares during the period. Jones Financial Companies Lllp increased its position in shares of Hillenbrand by 622.7% during the 1st quarter. Jones Financial Companies Lllp now owns 3,729 shares of the company’s stock valued at $90,000 after purchasing an additional 3,213 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Hillenbrand by 47.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,155 shares of the company’s stock worth $144,000 after buying an additional 2,315 shares in the last quarter. Finally, MGO One Seven LLC bought a new position in Hillenbrand during the second quarter valued at about $202,000. Institutional investors and hedge funds own 89.09% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on HI. Zacks Research lowered shares of Hillenbrand from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. DA Davidson reiterated a “neutral” rating and set a $32.00 price objective on shares of Hillenbrand in a research report on Thursday, November 20th. CJS Securities restated a “market perform” rating and issued a $32.00 target price on shares of Hillenbrand in a report on Thursday, October 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Hillenbrand in a research report on Monday, December 29th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $32.00.

Hillenbrand Trading Down 0.0%

NYSE:HI opened at $31.83 on Friday. Hillenbrand Inc has a fifty-two week low of $18.36 and a fifty-two week high of $35.59. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.22 and a quick ratio of 0.88. The stock has a market cap of $2.24 billion, a PE ratio of 52.17 and a beta of 1.38. The stock’s 50-day moving average is $31.75 and its two-hundred day moving average is $27.47.

Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, November 19th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.21. Hillenbrand had a net margin of 1.61% and a return on equity of 12.69%. The business had revenue of $652.10 million for the quarter, compared to the consensus estimate of $592.25 million. During the same period in the prior year, the business posted $1.01 earnings per share. Hillenbrand’s revenue for the quarter was down 22.1% compared to the same quarter last year. As a group, equities research analysts forecast that Hillenbrand Inc will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were issued a dividend of $0.2275 per share. The ex-dividend date was Tuesday, December 16th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.9%. This is an increase from Hillenbrand’s previous quarterly dividend of $0.23. Hillenbrand’s payout ratio is 149.18%.

About Hillenbrand

Hillenbrand, Inc, headquartered in Batesville, Indiana, is a global industrial company specializing in engineered equipment and process solutions. Through its Coperion division, Hillenbrand designs and manufactures compounding and extrusion systems, polymer and food processing equipment, bulk material handling technologies and associated automation. These offerings support a variety of end markets, including plastics, chemicals, food, pharmaceutical and minerals, helping customers optimize production efficiency and product quality.

Tracing its roots to the Batesville Casket Company founded in 1906, the organization evolved through strategic acquisitions and expanded its focus on process technologies.