Hillenbrand Inc $HI Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its stake in shares of Hillenbrand Inc (NYSE:HI) by 15.9% in the third quarter, HoldingsChannel.com reports. The firm owned 250,342 shares of the company’s stock after selling 47,295 shares during the period. ProShare Advisors LLC’s holdings in Hillenbrand were worth $6,769,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its stake in Hillenbrand by 203.7% during the third quarter. Hantz Financial Services Inc. now owns 1,136 shares of the company’s stock worth $31,000 after purchasing an additional 762 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of Hillenbrand by 74.0% in the second quarter. Osaic Holdings Inc. now owns 1,965 shares of the company’s stock valued at $40,000 after buying an additional 836 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Hillenbrand by 622.7% in the 1st quarter. Jones Financial Companies Lllp now owns 3,729 shares of the company’s stock valued at $90,000 after buying an additional 3,213 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Hillenbrand by 47.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,155 shares of the company’s stock valued at $144,000 after buying an additional 2,315 shares during the period. Finally, Savant Capital LLC acquired a new position in Hillenbrand during the 3rd quarter worth about $209,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. DA Davidson reaffirmed a “neutral” rating and issued a $32.00 target price on shares of Hillenbrand in a research report on Thursday, November 20th. CJS Securities reissued a “market perform” rating and issued a $32.00 price objective on shares of Hillenbrand in a research note on Thursday, October 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hillenbrand in a report on Monday, December 29th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Hillenbrand presently has an average rating of “Hold” and an average price target of $32.00.

Hillenbrand Price Performance

Shares of NYSE HI opened at $31.98 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.22 and a quick ratio of 0.88. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 52.43 and a beta of 1.40. The stock’s 50-day moving average is $31.83 and its two-hundred day moving average is $28.85. Hillenbrand Inc has a 1-year low of $18.36 and a 1-year high of $35.48.

Hillenbrand (NYSE:HI) last announced its quarterly earnings data on Wednesday, February 11th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.66). Hillenbrand had a return on equity of 12.69% and a net margin of 1.61%.The company had revenue of $540.00 million for the quarter, compared to analyst estimates of $607.10 million. Analysts forecast that Hillenbrand Inc will post 2.53 EPS for the current fiscal year.

Hillenbrand Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were issued a dividend of $0.2275 per share. This is a boost from Hillenbrand’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, December 16th. This represents a $0.91 annualized dividend and a yield of 2.8%. Hillenbrand’s dividend payout ratio (DPR) is presently 149.18%.

Hillenbrand Profile

Hillenbrand, Inc, headquartered in Batesville, Indiana, is a global industrial company specializing in engineered equipment and process solutions. Through its Coperion division, Hillenbrand designs and manufactures compounding and extrusion systems, polymer and food processing equipment, bulk material handling technologies and associated automation. These offerings support a variety of end markets, including plastics, chemicals, food, pharmaceutical and minerals, helping customers optimize production efficiency and product quality.

Tracing its roots to the Batesville Casket Company founded in 1906, the organization evolved through strategic acquisitions and expanded its focus on process technologies.