T. Rowe Price Investment Management Inc. Buys Shares of 1,076,851 Hillenbrand Inc $HI

Key Points

• T. Rowe Price Investment Management Inc. has acquired a new position in Hillenbrand Inc, purchasing approximately $26 million worth of shares, equating to about 1.53% of the company's stock.
• Hillenbrand reported a 12-month revenue decline of 23.9%, with earnings per share of $0.51 for the last quarter, slightly beating expectations.
• Several analysts have downgraded Hillenbrand's stock rating, with price targets revised down from $33.00 to $24.00, indicating a cautious outlook for the company.

T. Rowe Price Investment Management Inc. bought a new stake in Hillenbrand Inc (NYSE:HI - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,076,851 shares of the company's stock, valued at approximately $25,996,000. T. Rowe Price Investment Management Inc. owned about 1.53% of Hillenbrand as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of HI. Envestnet Asset Management Inc. purchased a new stake in shares of Hillenbrand in the fourth quarter valued at about $324,000. Mariner LLC grew its stake in Hillenbrand by 7.9% during the 4th quarter. Mariner LLC now owns 15,776 shares of the company's stock worth $486,000 after buying an additional 1,155 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Hillenbrand during the fourth quarter valued at approximately $432,000. Canada Pension Plan Investment Board acquired a new position in shares of Hillenbrand in the 4th quarter valued at $308,000. Finally, Dimensional Fund Advisors LP grew its position in Hillenbrand by 4.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,563,412 shares of the company's stock valued at $78,902,000 after purchasing an additional 111,953 shares in the last quarter. 89.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on HI. 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 note on Thursday, May 1st. KeyCorp downgraded 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, According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $32.00.

Hillenbrand Stock Up 2.4%

Shares of HI traded up $0.60 during trading hours on Thursday, reaching $25.93. 350,597 shares of the stock traded hands, compared to its average volume of 534,852. The company has a market cap of $1.83 billion, a price-to-earnings ratio of -103.88 and a beta of 1.46. The stock has a fifty day simple moving average of $22.12 and a 200 day simple moving average of $23.27. The company has a current ratio of 1.25, a quick ratio of 0.87 and a debt-to-equity ratio of 1.23. Hillenbrand Inc has a 52 week low of $18.36 and a 52 week high of $35.59.

Hillenbrand (NYSE:HI - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $598.90 million during the quarter, compared to analyst estimates of $572.48 million. During the same period in the previous year, the business earned $0.85 EPS. Hillenbrand's 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. On average, equities analysts forecast that Hillenbrand Inc will post 2.53 EPS for the current year.

Hillenbrand Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, September 15th. Hillenbrand's dividend payout ratio 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.