Hillenbrand Inc (NYSE:HI) Stock Position Increased by Twelve Points Wealth Management LLC

Twelve Points Wealth Management LLC raised its holdings in Hillenbrand Inc (NYSE:HI - Free Report) by 62.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 73,629 shares of the company's stock after buying an additional 28,422 shares during the quarter. Twelve Points Wealth Management LLC owned about 0.10% of Hillenbrand worth $1,777,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HI. OneDigital Investment Advisors LLC grew its holdings in Hillenbrand by 6.1% in the first quarter. OneDigital Investment Advisors LLC now owns 13,825 shares of the company's stock valued at $334,000 after purchasing an additional 793 shares during the period. Palisade Capital Management LP lifted its position in shares of Hillenbrand by 28.8% in the first quarter. Palisade Capital Management LP now owns 439,477 shares of the company's stock valued at $10,609,000 after acquiring an additional 98,175 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Hillenbrand by 2.8% in the first quarter. Principal Financial Group Inc. now owns 350,973 shares of the company's stock valued at $8,472,000 after acquiring an additional 9,615 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Hillenbrand in the first quarter valued at approximately $248,000. Finally, Verity Asset Management Inc. purchased a new position in Hillenbrand during the first quarter worth approximately $239,000. 89.09% of the stock is owned by institutional investors and hedge funds.

Hillenbrand Stock Down 1.4%

HI traded down $0.33 on Friday, hitting $22.87. 479,405 shares of the company were exchanged, compared to its average volume of 501,332. The firm has a 50-day moving average price of $20.74 and a two-hundred day moving average price of $25.51. The company has a market cap of $1.61 billion, a price-to-earnings ratio of -6.00 and a beta of 1.46. Hillenbrand Inc has a twelve month low of $18.36 and a twelve month high of $45.53. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.39.

Hillenbrand (NYSE:HI - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.06. The business had revenue of $715.90 million during the quarter, compared to analysts' expectations of $691.00 million. Hillenbrand had a positive return on equity of 15.03% and a negative net margin of 8.82%. The business's quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 EPS. On average, equities analysts predict that Hillenbrand Inc will post 2.53 earnings per share for the current year.

Hillenbrand Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend was Monday, June 16th. Hillenbrand's payout ratio is currently -23.62%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HI. KeyCorp lowered Hillenbrand from an "overweight" rating to a "sector weight" rating in a research note on Thursday, May 8th. DA Davidson cut their price objective on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st.

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.