BlackRock Inc. Has $283.80 Million Holdings in Hillenbrand Inc (HI)
BlackRock Inc. raised its holdings in shares of Hillenbrand Inc (NYSE:HI) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,861,426 shares of the company’s stock after acquiring an additional 89,261 shares during the quarter. BlackRock Inc. owned about 12.47% of Hillenbrand worth $283,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of the business. Nationwide Fund Advisors grew its holdings in Hillenbrand by 132.8% during the 2nd quarter. Nationwide Fund Advisors now owns 80,925 shares of the company’s stock valued at $2,921,000 after buying an additional 46,163 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Hillenbrand by 7.3% during the second quarter. Ameriprise Financial Inc. now owns 388,909 shares of the company’s stock valued at $14,039,000 after buying an additional 26,551 shares during the period. TIAA CREF Investment Management LLC increased its position in shares of Hillenbrand by 11.2% during the second quarter. TIAA CREF Investment Management LLC now owns 176,699 shares of the company’s stock valued at $6,379,000 after buying an additional 17,793 shares during the period. Teachers Advisors LLC increased its position in shares of Hillenbrand by 14.3% during the second quarter. Teachers Advisors LLC now owns 114,645 shares of the company’s stock valued at $4,139,000 after buying an additional 14,309 shares during the period. Finally, WBI Investments Inc. increased its position in shares of Hillenbrand by 223.0% during the second quarter. WBI Investments Inc. now owns 137,699 shares of the company’s stock valued at $4,971,000 after buying an additional 95,071 shares during the period. 76.00% of the stock is currently owned by institutional investors and hedge funds.
HI has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Hillenbrand from a “hold” rating to a “sell” rating in a research report on Wednesday. FBR & Co reiterated an “outperform” rating on shares of Hillenbrand in a research report on Tuesday, July 11th. Finally, BidaskClub downgraded 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 (NYSE:HI) opened at 39.25 on Wednesday. The firm has a 50 day moving average price of $36.57 and a 200 day moving average price of $36.38. The stock has a market cap of $2.47 billion, a PE ratio of 20.34 and a beta of 1.26. Hillenbrand Inc has a 12-month low of $28.60 and a 12-month high of $39.50.
Hillenbrand (NYSE:HI) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.03. The firm had revenue of $395.90 million during the quarter, compared to analysts’ expectations of $388.57 million. Hillenbrand had a net margin of 7.87% and a return on equity of 19.72%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 earnings per share. On average, equities analysts expect that Hillenbrand Inc will post $2.07 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Thursday, September 14th. Hillenbrand’s dividend payout ratio (DPR) is 42.27%.
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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