145,175 Shares in Hillenbrand Inc $HI Acquired by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC acquired a new stake in Hillenbrand Inc (NYSE:HI) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 145,175 shares of the company’s stock, valued at approximately $2,914,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Verity Asset Management Inc. lifted its holdings in shares of Hillenbrand by 16.0% during the second quarter. Verity Asset Management Inc. now owns 11,472 shares of the company’s stock valued at $230,000 after purchasing an additional 1,583 shares in the last quarter. Auto Owners Insurance Co grew its position in Hillenbrand by 49.3% in the 2nd quarter. Auto Owners Insurance Co now owns 10,500 shares of the company’s stock worth $211,000 after purchasing an additional 3,467 shares during the period. Nisa Investment Advisors LLC increased its position in Hillenbrand by 226.5% during the second quarter. Nisa Investment Advisors LLC now owns 26,617 shares of the company’s stock valued at $534,000 after acquiring an additional 18,465 shares during the last quarter. AlphaQuest LLC boosted its position in Hillenbrand by 209.7% in the second quarter. AlphaQuest LLC now owns 42,008 shares of the company’s stock worth $843,000 after purchasing an additional 28,442 shares during the last quarter. Finally, Bernzott Capital Advisors grew its stake in shares of Hillenbrand by 28.8% during the 2nd quarter. Bernzott Capital Advisors now owns 289,349 shares of the company’s stock valued at $5,807,000 after purchasing an additional 64,775 shares during the period. Institutional investors own 89.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HI shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Hillenbrand in a research report on Wednesday, October 8th. CJS Securities reiterated a “market perform” rating and set a $32.00 target price on shares of Hillenbrand in a research report on Thursday, October 16th. DA Davidson upped their price target on Hillenbrand from $24.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Finally, Zacks Research downgraded Hillenbrand from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.67.

Hillenbrand Trading Up 0.2%

Hillenbrand stock opened at $31.61 on Monday. Hillenbrand Inc has a 1 year low of $18.36 and a 1 year high of $35.59. The firm’s 50 day moving average price is $27.02 and its 200-day moving average price is $23.33. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.25 and a quick ratio of 0.87. The stock has a market cap of $2.23 billion, a P/E ratio of -126.42 and a beta of 1.46.

Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. Hillenbrand had a negative net margin of 0.63% and a positive return on equity of 13.53%. The company had revenue of $598.90 million for the quarter, compared to the consensus estimate of $572.48 million. During the same period in the previous year, the firm posted $0.85 EPS. Hillenbrand’s revenue for the quarter was down 23.9% compared to the same quarter last year. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. On average, equities analysts predict that Hillenbrand Inc will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, September 15th. Hillenbrand’s dividend payout ratio (DPR) is currently -360.00%.

Hillenbrand Profile

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.