OMERS ADMINISTRATION Corp Takes Position in Hillenbrand Inc $HI

Key Points

• OMERS ADMINISTRATION Corp acquired a new stake in Hillenbrand Inc by purchasing 14,500 shares valued at approximately $350,000 in the first quarter.
• Hillenbrand recently reported $0.51 earnings per share for the quarter, exceeding estimates, but experienced a 23.9% decline in quarterly revenue year-over-year.
• The company will pay a quarterly dividend of $0.225 on September 30th, representing an annual yield of 3.6%.

OMERS ADMINISTRATION Corp purchased a new stake in Hillenbrand Inc (NYSE:HI - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 14,500 shares of the company's stock, valued at approximately $350,000.

A number of other hedge funds have also recently added to or reduced their stakes in HI. Channing Capital Management LLC increased its stake in shares of Hillenbrand by 224.0% in the first quarter. Channing Capital Management LLC now owns 2,173,373 shares of the company's stock valued at $52,465,000 after buying an additional 1,502,548 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in Hillenbrand during the first quarter worth $25,996,000. New York State Common Retirement Fund boosted its position in Hillenbrand by 130.6% in the first quarter. New York State Common Retirement Fund now owns 643,506 shares of the company's stock worth $15,534,000 after purchasing an additional 364,461 shares during the last quarter. Nuveen LLC purchased a new position in shares of Hillenbrand during the 1st quarter valued at $7,736,000. Finally, Northern Trust Corp raised its stake in shares of Hillenbrand by 24.4% during the 4th quarter. Northern Trust Corp now owns 900,666 shares of the company's stock valued at $27,722,000 after purchasing an additional 176,482 shares during the period. Institutional investors and hedge funds own 89.09% of the company's stock.

Hillenbrand Trading Down 3.0%

HI stock traded down $0.78 during trading on Monday, hitting $25.46. 139,568 shares of the company traded hands, compared to its average volume of 530,535. Hillenbrand Inc has a 1 year low of $18.36 and a 1 year high of $35.59. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.87 and a current ratio of 1.25. The firm has a market capitalization of $1.79 billion, a PE ratio of -101.82 and a beta of 1.47. The company has a 50-day moving average of $22.90 and a 200-day moving average of $22.70.

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

Hillenbrand Announces Dividend

The company also recently declared 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. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, September 15th. Hillenbrand's payout ratio is -360.00%.

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.