Bernzott Capital Advisors Buys 22,539 Shares of Hillenbrand Inc (NYSE:HI)

Bernzott Capital Advisors grew its stake in Hillenbrand Inc (NYSE:HI - Free Report) by 11.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 224,574 shares of the company's stock after buying an additional 22,539 shares during the quarter. Hillenbrand accounts for about 2.7% of Bernzott Capital Advisors' investment portfolio, making the stock its 25th biggest holding. Bernzott Capital Advisors owned about 0.32% of Hillenbrand worth $5,421,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in HI. Proficio Capital Partners LLC acquired a new stake in Hillenbrand in the fourth quarter valued at $1,013,000. Raymond James Financial Inc. bought a new stake in shares of Hillenbrand in the fourth quarter valued at about $7,782,000. Swiss National Bank increased its holdings in shares of Hillenbrand by 0.7% during the fourth quarter. Swiss National Bank now owns 138,159 shares of the company's stock worth $4,253,000 after purchasing an additional 1,000 shares during the period. Corient Private Wealth LLC grew its position in Hillenbrand by 20.2% during the fourth quarter. Corient Private Wealth LLC now owns 16,421 shares of the company's stock worth $505,000 after buying an additional 2,761 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in Hillenbrand during the fourth quarter worth about $202,000. Institutional investors and hedge funds own 89.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on HI. KeyCorp downgraded Hillenbrand from an "overweight" rating to a "sector weight" rating in a research report on Thursday, May 8th. DA Davidson decreased their price target on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating for the company in a report on Thursday, May 1st.

Hillenbrand Price Performance

NYSE HI traded down $0.21 during trading on Friday, reaching $21.41. The company's stock had a trading volume of 352,703 shares, compared to its average volume of 494,895. The stock has a market capitalization of $1.51 billion, a PE ratio of -5.62 and a beta of 1.46. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.51 and a quick ratio of 1.14. The firm has a fifty day moving average of $20.87 and a 200 day moving average of $25.19. Hillenbrand Inc has a one year low of $18.36 and a one year high of $45.53.

Hillenbrand (NYSE:HI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.54 by $0.06. Hillenbrand had a positive return on equity of 15.03% and a negative net margin of 8.82%. The firm had revenue of $715.90 million for the quarter, compared to analyst estimates of $691.00 million. During the same period in the prior year, the company earned $0.76 EPS. The company's revenue was down 8.8% on a year-over-year basis. Analysts expect that Hillenbrand Inc will post 2.53 EPS for the current fiscal year.

Hillenbrand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.20%. The ex-dividend date was Monday, June 16th. Hillenbrand's dividend payout ratio (DPR) is currently -23.62%.

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.