Bernzott Capital Advisors Increases Position in Hillenbrand Inc (NYSE:HI)

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

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

Analyst Upgrades and Downgrades

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

Hillenbrand Stock Performance

Shares of HI stock traded up $0.03 on Monday, reaching $21.42. The stock had a trading volume of 86,501 shares, compared to its average volume of 493,297. The stock has a market cap of $1.51 billion, a P/E ratio of -5.62 and a beta of 1.46. Hillenbrand Inc has a 1 year low of $18.36 and a 1 year high of $45.53. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.14 and a current ratio of 1.51. The company has a 50 day simple moving average of $20.87 and a 200 day simple moving average of $25.15.

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

Hillenbrand Dividend Announcement

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