Stifel Financial Corp increased its position in Hillenbrand Inc (NYSE:HI) by 14.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 351,566 shares of the company’s stock after buying an additional 45,429 shares during the period. Stifel Financial Corp owned 0.56% of Hillenbrand worth $12,693,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of Hillenbrand by 157,614.4% in the 1st quarter. BlackRock Inc. now owns 7,772,165 shares of the company’s stock worth $278,631,000 after buying an additional 7,767,237 shares in the last quarter. Janus Capital Management LLC increased its holdings in shares of Hillenbrand by 153.9% in the 1st quarter. Janus Capital Management LLC now owns 2,052,612 shares of the company’s stock worth $73,586,000 after buying an additional 1,244,197 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Hillenbrand by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 5,501,287 shares of the company’s stock worth $197,221,000 after buying an additional 344,593 shares during the last quarter. Numeric Investors LLC bought a new stake in shares of Hillenbrand in the 2nd quarter worth about $6,606,000. Finally, Prudential Financial Inc. increased its holdings in shares of Hillenbrand by 74.1% in the 2nd quarter. Prudential Financial Inc. now owns 382,927 shares of the company’s stock worth $13,824,000 after buying an additional 162,946 shares during the last quarter. 76.00% of the stock is owned by institutional investors.

HI has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Hillenbrand from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. FBR & Co reiterated an “outperform” rating on shares of Hillenbrand in a research report on Tuesday, July 11th. Finally, BidaskClub lowered Hillenbrand from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th.

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Shares of Hillenbrand Inc (HI) opened at 38.85 on Monday. Hillenbrand Inc has a 1-year low of $28.60 and a 1-year high of $39.50. The stock has a 50 day moving average price of $36.00 and a 200 day moving average price of $36.25. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 20.13 and a beta of 1.26.

Hillenbrand (NYSE:HI) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.03. Hillenbrand had a net margin of 7.87% and a return on equity of 19.72%. The company had revenue of $395.90 million during the quarter, compared to the consensus estimate of $388.57 million. During the same quarter in the prior year, the firm earned $0.53 EPS. Hillenbrand’s quarterly revenue was up 6.7% on a year-over-year basis. On average, equities analysts anticipate that Hillenbrand Inc will post $2.07 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Thursday, September 14th. Hillenbrand’s dividend payout ratio is currently 42.27%.

Hillenbrand Profile

Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.

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Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

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