Nuveen LLC Buys Shares of 320,446 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 acquired a new stake in shares of Hillenbrand Inc (NYSE:HI - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 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.

A number of other hedge funds have also added to or reduced their stakes in HI. Victory Capital Management Inc. grew its position in shares of Hillenbrand by 0.7% in the 1st quarter. Victory Capital Management Inc. now owns 2,579,576 shares of the company's stock worth $62,271,000 after buying an additional 18,356 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Hillenbrand by 4.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,563,412 shares of the company's stock worth $78,902,000 after buying an additional 111,953 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Hillenbrand by 5.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,142,805 shares of the company's stock worth $27,587,000 after buying an additional 57,987 shares during the period. Northern Trust Corp grew its position in shares of Hillenbrand by 24.4% in the 4th quarter. Northern Trust Corp now owns 900,666 shares of the company's stock worth $27,722,000 after buying an additional 176,482 shares during the period. Finally, New York State Common Retirement Fund grew its position in shares of Hillenbrand by 130.6% in the 1st quarter. New York State Common Retirement Fund now owns 643,506 shares of the company's stock worth $15,534,000 after buying an additional 364,461 shares during the period. 89.09% of the stock is owned by hedge funds and other institutional investors.

Hillenbrand Stock Down 2.0%

Hillenbrand stock traded down $0.52 during mid-day trading on Friday, reaching $25.36. The stock had a trading volume of 348,516 shares, compared to its average volume of 752,410. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of -101.45 and a beta of 1.46. The company has a 50-day moving average price of $22.38 and a two-hundred day moving average price of $23.08. Hillenbrand Inc has a one year low of $18.36 and a one year 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 announced its quarterly earnings results on Monday, August 11th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. The company had revenue of $598.90 million for the quarter, compared to analysts' expectations of $572.48 million. Hillenbrand had a negative net margin of 0.63% and a positive return on equity of 13.53%. Hillenbrand's revenue was down 23.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. On average, analysts expect that Hillenbrand Inc will post 2.53 EPS for the current fiscal year.

Hillenbrand Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.225 per share. The ex-dividend date is Monday, September 15th. This represents a $0.90 annualized dividend and a yield of 3.5%. Hillenbrand's dividend payout ratio is currently -360.00%.

Wall Street Analyst Weigh In

Separately, KeyCorp downgraded shares of Hillenbrand from an "overweight" rating to a "sector weight" rating in a research report on Thursday, May 8th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $32.00.

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.