Hillenbrand (NYSE:HI) Announces Quarterly Earnings Results

Hillenbrand (NYSE:HI) issued its quarterly earnings data on Monday. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.66), FiscalAI reports. The company had revenue of $540.00 million for the quarter, compared to analyst estimates of $607.10 million. Hillenbrand had a net margin of 1.61% and a return on equity of 12.69%.

Hillenbrand Stock Performance

HI opened at $31.99 on Tuesday. The stock’s 50 day simple moving average is $31.82 and its 200-day simple moving average is $28.73. The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 1.05. The stock has a market cap of $2.26 billion, a PE ratio of 52.44 and a beta of 1.40. Hillenbrand has a 1 year low of $18.36 and a 1 year high of $35.48.

Hillenbrand Increases Dividend

The company also recently disclosed 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. This represents a $0.91 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, December 16th. This is a boost from Hillenbrand’s previous quarterly dividend of $0.23. Hillenbrand’s payout ratio is 149.18%.

Hedge Funds Weigh In On Hillenbrand

A number of hedge funds have recently made changes to their positions in the business. Bank of America Corp DE boosted its holdings in shares of Hillenbrand by 8.6% in the 2nd quarter. Bank of America Corp DE now owns 682,387 shares of the company’s stock worth $13,696,000 after acquiring an additional 53,908 shares in the last quarter. Cooper Creek Partners Management LLC raised its position in Hillenbrand by 28.1% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 546,241 shares of the company’s stock valued at $14,770,000 after purchasing an additional 119,964 shares during the last quarter. UBS Group AG boosted its stake in Hillenbrand by 21.0% in the third quarter. UBS Group AG now owns 425,297 shares of the company’s stock worth $11,500,000 after purchasing an additional 73,812 shares in the last quarter. Voloridge Investment Management LLC boosted its stake in Hillenbrand by 1.0% in the third quarter. Voloridge Investment Management LLC now owns 266,222 shares of the company’s stock worth $7,199,000 after purchasing an additional 2,659 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Hillenbrand during the third quarter worth $6,875,000. Institutional investors and hedge funds own 89.09% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on HI. CJS Securities reissued a “market perform” rating and set a $32.00 target price on shares of Hillenbrand in a research report on Thursday, October 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Hillenbrand in a research report on Monday, December 29th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $32.00 target price on shares of Hillenbrand in a report on Thursday, November 20th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $32.00.

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.