Truvestments Capital LLC Buys Shares of 6,736 Hillenbrand, Inc. (NYSE:HI)

Truvestments Capital LLC bought a new stake in shares of Hillenbrand, Inc. (NYSE:HI) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,736 shares of the company’s stock, valued at approximately $187,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Hillenbrand by 13.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock valued at $87,408,000 after acquiring an additional 253,730 shares during the period. Bernzott Capital Advisors boosted its stake in shares of Hillenbrand by 51.3% during the third quarter. Bernzott Capital Advisors now owns 225,753 shares of the company’s stock valued at $6,276,000 after purchasing an additional 76,533 shares during the period. Victory Capital Management Inc. grew 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 worth $79,877,000 after purchasing an additional 66,741 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Hillenbrand in the 1st quarter worth about $3,285,000. Finally, Quest Partners LLC purchased a new position in Hillenbrand in the 3rd quarter worth about $1,413,000. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Hillenbrand Stock Up 2.2 %

Shares of Hillenbrand stock opened at $34.54 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.83. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of -11.30 and a beta of 1.38. The firm’s 50-day moving average is $28.59 and its two-hundred day moving average is $35.61. Hillenbrand, Inc. has a 1 year low of $25.11 and a 1 year high of $50.58.

Hillenbrand (NYSE:HI) last released its quarterly earnings data on Wednesday, November 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. The firm had revenue of $837.60 million for the quarter, compared to the consensus estimate of $793.38 million. Hillenbrand had a negative net margin of 6.63% and a positive return on equity of 14.86%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the firm earned $1.13 earnings per share. As a group, research analysts expect that Hillenbrand, Inc. will post 3.45 earnings per share for the current fiscal year.

Hillenbrand Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.2225 dividend. The ex-dividend date of this dividend 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 dividend yield of 2.58%. Hillenbrand’s dividend payout ratio (DPR) is currently -29.77%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. KeyCorp dropped their target price on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. StockNews.com upgraded Hillenbrand from a “sell” rating to a “hold” rating in a report on Friday. Finally, DA Davidson restated a “neutral” rating and set a $33.00 price objective on shares of Hillenbrand in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.67.

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.