Raymond James Financial Inc. Sells 15,934 Shares of Hillenbrand Inc $HI

Key Points

• Raymond James Financial Inc. reduced its stake in Hillenbrand Inc by 6.3%, selling 15,934 shares during the 1st quarter, and now owns approximately 0.34% of the company's stock valued at $5.7 million.
• Hillenbrand reported $0.51 EPS for the quarter, surpassing the consensus estimate of $0.50, although revenue fell by 23.9% year-over-year.
• The company has announced a quarterly dividend of $0.225 per share, representing an annualized yield of 3.6%.

Raymond James Financial Inc. trimmed its stake in shares of Hillenbrand Inc (NYSE:HI - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,896 shares of the company's stock after selling 15,934 shares during the quarter. Raymond James Financial Inc. owned approximately 0.34% of Hillenbrand worth $5,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of Hillenbrand by 2.8% in the 1st quarter. Principal Financial Group Inc. now owns 350,973 shares of the company's stock worth $8,472,000 after acquiring an additional 9,615 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 purchasing an additional 57,987 shares in the last quarter. Palisade Capital Management LP grew its holdings in 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 purchasing an additional 98,175 shares during the period. Nuveen LLC purchased a new position in shares of Hillenbrand during the 1st quarter valued at about $7,736,000. Finally, Twelve Points Wealth Management LLC increased its holdings in Hillenbrand by 62.9% in the 1st quarter. Twelve Points Wealth Management LLC now owns 73,629 shares of the company's stock worth $1,777,000 after acquiring an additional 28,422 shares in the last quarter. Institutional investors own 89.09% of the company's stock.

Analysts Set New Price Targets

Separately, KeyCorp lowered shares of Hillenbrand from an "overweight" rating to a "sector weight" rating in a report on Thursday, May 8th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Hillenbrand has a consensus rating of "Hold" and an average price target of $32.00.

Hillenbrand Trading Up 0.5%

Shares of NYSE HI opened at $24.78 on Thursday. 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 current ratio of 1.25 and a quick ratio of 0.87. The business's 50 day moving average is $22.68 and its two-hundred day moving average is $22.96. The stock has a market capitalization of $1.75 billion, a P/E ratio of -99.10 and a beta of 1.47.

Hillenbrand (NYSE:HI - Get Free Report) last released its earnings results on Monday, August 11th. The company reported $0.51 earnings per share (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 during the quarter, compared to analyst estimates of $572.48 million. During the same quarter last year, the business earned $0.85 EPS. The business's revenue was down 23.9% on a year-over-year basis. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. As a group, research analysts expect that Hillenbrand Inc will post 2.53 EPS for the current year.

Hillenbrand Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given 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 3.6%. Hillenbrand's dividend payout ratio (DPR) is -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.

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