Hillenbrand, Inc. (NYSE:HI) Stake Increased by MQS Management LLC

MQS Management LLC grew its holdings in Hillenbrand, Inc. (NYSE:HI) by 35.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,675 shares of the company’s stock after purchasing an additional 2,250 shares during the period. MQS Management LLC’s holdings in Hillenbrand were worth $241,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Victory Capital Management Inc. lifted its holdings in shares of Hillenbrand by 2.4% in the third quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company’s stock valued at $79,877,000 after purchasing an additional 66,741 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of Hillenbrand during the third quarter worth $210,000. GSA Capital Partners LLP purchased a new stake in shares of Hillenbrand during the third quarter worth $627,000. Versor Investments LP purchased a new stake in shares of Hillenbrand during the third quarter worth $259,000. Finally, Kennebec Savings Bank purchased a new stake in shares of Hillenbrand during the third quarter worth $48,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. KeyCorp cut their price objective on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday. StockNews.com downgraded shares of Hillenbrand from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, DA Davidson reissued a “neutral” rating and set a $33.00 target price on shares of Hillenbrand in a research report on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.67.

Hillenbrand Trading Down 2.8 %

Shares of NYSE:HI opened at $32.75 on Friday. The company has a market cap of $2.30 billion, a P/E ratio of -10.95 and a beta of 1.38. The stock’s 50-day moving average is $27.94 and its 200-day moving average is $36.24. Hillenbrand, Inc. has a 52-week low of $25.11 and a 52-week high of $50.58. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.88 and a current ratio of 1.35.

Hillenbrand Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.2225 per share. The ex-dividend date was Monday, September 16th. This is an increase from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a yield of 2.72%. Hillenbrand’s dividend payout ratio (DPR) is -29.77%.

About Hillenbrand

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.