Nuveen LLC Acquires New Position in Hillenbrand Inc $HI

Key Points

• Nuveen LLC has invested approximately $7.74 million in Hillenbrand Inc, acquiring 320,446 shares and now holding about 0.45% of the company's stock.
• Hillenbrand recently reported a Q2 EPS of $0.51, slightly above consensus estimates, but revenue decreased by 23.9% from the previous year.
• Analysts have cut their price targets for Hillenbrand, with DA Davidson reducing their price objective from $33.00 to $24.00, reflecting a shift in sentiment towards a "neutral" rating.

Nuveen LLC bought a new position in Hillenbrand Inc (NYSE:HI - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 320,446 shares of the company's stock, valued at approximately $7,736,000. Nuveen LLC owned 0.45% of Hillenbrand at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. CWM LLC raised its holdings in shares of Hillenbrand by 6.4% during the first quarter. CWM LLC now owns 10,063 shares of the company's stock valued at $243,000 after purchasing an additional 608 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Hillenbrand by 8.8% during the fourth quarter. Cetera Investment Advisers now owns 9,574 shares of the company's stock valued at $295,000 after purchasing an additional 773 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Hillenbrand by 65.9% during the first quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock valued at $47,000 after purchasing an additional 781 shares during the last quarter. OneDigital Investment Advisors LLC raised its holdings in shares of Hillenbrand by 6.1% during the first quarter. OneDigital Investment Advisors LLC now owns 13,825 shares of the company's stock valued at $334,000 after purchasing an additional 793 shares during the last quarter. Finally, Mariner LLC raised its holdings in shares of Hillenbrand by 7.9% during the fourth quarter. Mariner LLC now owns 15,776 shares of the company's stock valued at $486,000 after purchasing an additional 1,155 shares during the last quarter. 89.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HI has been the subject of several recent research reports. KeyCorp lowered shares of Hillenbrand from an "overweight" rating to a "sector weight" rating in a research report on Thursday, May 8th. DA Davidson cut their target price on shares of Hillenbrand from $33.00 to $24.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $32.00.

Hillenbrand Price Performance

Shares of HI stock traded down $0.59 during mid-day trading on Friday, hitting $25.30. The company had a trading volume of 173,607 shares, compared to its average volume of 534,411. Hillenbrand Inc has a 52-week low of $18.36 and a 52-week high of $35.59. The stock's 50 day moving average price is $22.25 and its 200-day moving average price is $23.22. 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 company has a market capitalization of $1.78 billion, a P/E ratio of -101.20 and a beta of 1.46.

Hillenbrand (NYSE:HI - Get Free Report) last released its earnings results on Monday, August 11th. The company reported $0.51 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $598.90 million for the quarter, compared to the consensus estimate of $572.48 million. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The company's quarterly revenue was down 23.9% compared to the same quarter last year. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. Equities research analysts forecast that Hillenbrand Inc will post 2.53 earnings per share for the current year.

Hillenbrand Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, September 15th. Hillenbrand's dividend payout ratio (DPR) is -360.00%.

About Hillenbrand

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.