Hillenbrand Inc (NYSE:HI) Shares Acquired by Twelve Points Wealth Management LLC

Twelve Points Wealth Management LLC grew its position in shares of Hillenbrand Inc (NYSE:HI - Free Report) by 62.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 0.10% of Hillenbrand worth $1,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Channing Capital Management LLC bought a new position in shares of Hillenbrand in the fourth quarter worth about $20,648,000. Fuller & Thaler Asset Management Inc. increased its holdings in Hillenbrand by 10.4% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,116,444 shares of the company's stock worth $126,704,000 after acquiring an additional 387,048 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Hillenbrand during the 4th quarter worth approximately $7,782,000. Northern Trust Corp lifted its holdings in Hillenbrand by 24.4% during the fourth 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 in the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of Hillenbrand by 211.3% in the fourth quarter. Prudential Financial Inc. now owns 233,645 shares of the company's stock worth $7,192,000 after purchasing an additional 158,597 shares during the period. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Hillenbrand Trading Down 1.4%

Shares of HI stock traded down $0.33 on Friday, reaching $22.87. 479,405 shares of the company's stock were exchanged, compared to its average volume of 500,588. The company's fifty day simple moving average is $20.71 and its 200 day simple moving average is $25.60. Hillenbrand Inc has a 52 week low of $18.36 and a 52 week 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. The stock has a market capitalization of $1.61 billion, a PE ratio of -6.00 and a beta of 1.46.

Hillenbrand (NYSE:HI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.06. Hillenbrand had a negative net margin of 8.82% and a positive return on equity of 15.03%. The firm had revenue of $715.90 million during the quarter, compared to analyst estimates of $691.00 million. During the same period in the previous year, the firm earned $0.76 earnings per share. The business's revenue was down 8.8% on a year-over-year basis. As a group, analysts forecast that Hillenbrand Inc will post 2.53 EPS for the current year.

Hillenbrand Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date was Monday, June 16th. Hillenbrand's payout ratio is presently -23.62%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. KeyCorp lowered Hillenbrand from an "overweight" rating to a "sector weight" rating in a report on Thursday, May 8th. DA Davidson lowered their target price on shares of Hillenbrand from $33.00 to $24.00 and set a "neutral" rating for the company in a report on Thursday, May 1st.

About Hillenbrand

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.