T. Rowe Price Investment Management Inc. Takes $26 Million Position in 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. acquired a new position in Hillenbrand Inc (NYSE:HI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 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 SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Hong Kong Ltd purchased a new position in shares of Hillenbrand in the 4th quarter worth approximately $42,000. GAMMA Investing LLC grew its position in shares of Hillenbrand by 65.9% in the 1st quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock worth $47,000 after buying an additional 781 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Hillenbrand during the 1st quarter worth approximately $84,000. State of Wyoming grew its position in Hillenbrand by 342.6% during the 4th quarter. State of Wyoming now owns 5,417 shares of the company's stock worth $167,000 after purchasing an additional 4,193 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Hillenbrand by 79.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,815 shares of the company's stock worth $210,000 after purchasing an additional 3,027 shares during the last quarter. Hedge funds and other institutional investors own 89.09% of the company's stock.

Hillenbrand Trading Down 1.3%

Shares of HI traded down $0.34 during mid-day trading on Friday, reaching $25.55. The stock had a trading volume of 50,306 shares, compared to its average volume of 533,915. 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 Inc has a 52-week low of $18.36 and a 52-week high of $35.59. The business's fifty day moving average is $22.25 and its 200 day moving average is $23.22. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of -102.24 and a beta of 1.46.

Hillenbrand (NYSE:HI - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The company had revenue of $598.90 million during the quarter, compared to analyst estimates 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 last year, the firm posted $0.85 earnings per share. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. On average, sell-side analysts predict 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. This represents a $0.90 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, September 15th. Hillenbrand's dividend payout ratio (DPR) is -360.00%.

Wall Street Analyst Weigh In

HI has been the subject of several research reports. KeyCorp cut shares of Hillenbrand from an "overweight" rating to a "sector weight" rating in a research note on Thursday, May 8th. DA Davidson reduced their price objective 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 equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price 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.