Northern Trust Corp Lowers Holdings in Hillenbrand Inc $HI

Northern Trust Corp cut its stake in shares of Hillenbrand Inc (NYSE:HI - Free Report) by 3.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 867,643 shares of the company's stock after selling 33,023 shares during the period. Northern Trust Corp owned 1.23% of Hillenbrand worth $20,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HI. New York State Common Retirement Fund raised its position in Hillenbrand by 130.6% during the first quarter. New York State Common Retirement Fund now owns 643,506 shares of the company's stock valued at $15,534,000 after purchasing an additional 364,461 shares during the period. Nuveen LLC purchased a new stake in Hillenbrand during the first quarter valued at approximately $7,736,000. AXA S.A. bought a new position in shares of Hillenbrand during the fourth quarter valued at approximately $3,594,000. Palisade Capital Management LP grew its stake in shares of Hillenbrand by 28.8% during the first quarter. Palisade Capital Management LP now owns 439,477 shares of the company's stock valued at $10,609,000 after buying an additional 98,175 shares during the last quarter. Finally, Seven Six Capital Management LLC bought a new position in shares of Hillenbrand during the fourth quarter valued at approximately $2,930,000. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Hillenbrand Trading Up 1.7%

Shares of HI traded up $0.44 during mid-day trading on Friday, reaching $26.21. 318,470 shares of the company's stock traded hands, compared to its average volume of 711,566. The stock has a market cap of $1.85 billion, a P/E ratio of -104.84 and a beta of 1.47. The stock's 50-day moving average is $22.90 and its two-hundred day moving average is $22.77. Hillenbrand Inc has a 12 month low of $18.36 and a 12 month high of $35.59. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.25 and a quick ratio of 0.87.

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

Hillenbrand Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.4%. Hillenbrand's dividend payout ratio is currently -360.00%.

Hillenbrand Company 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.