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

Twelve Points Wealth Management LLC boosted its stake in shares of Hillenbrand Inc (NYSE:HI - Free Report) by 62.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 73,629 shares of the company's stock after purchasing an additional 28,422 shares during the period. Twelve Points Wealth Management LLC owned approximately 0.10% of Hillenbrand worth $1,777,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. US Bancorp DE boosted its stake in shares of Hillenbrand by 26.9% during the 4th quarter. US Bancorp DE now owns 9,153 shares of the company's stock worth $282,000 after acquiring an additional 1,943 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Hillenbrand by 161.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,842 shares of the company's stock worth $57,000 after acquiring an additional 1,138 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Hillenbrand by 10.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,818 shares of the company's stock worth $33,391,000 after acquiring an additional 105,865 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Hillenbrand during the 4th quarter worth about $1,013,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Hillenbrand during the 4th quarter worth about $7,782,000. 89.09% of the stock is owned by institutional investors and hedge funds.

Hillenbrand Price Performance

Hillenbrand stock traded up $0.33 during midday trading on Thursday, reaching $23.20. The company had a trading volume of 375,658 shares, compared to its average volume of 500,672. The company has a market capitalization of $1.63 billion, a P/E ratio of -6.09 and a beta of 1.46. Hillenbrand Inc has a 12-month low of $18.36 and a 12-month high of $45.53. The firm's fifty day simple moving average is $20.71 and its 200-day simple moving average is $25.60. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.51 and a quick ratio of 1.14.

Hillenbrand (NYSE:HI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.60 earnings per share 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 for the quarter, compared to analyst estimates of $691.00 million. During the same period last year, the company posted $0.76 EPS. Hillenbrand's quarterly revenue was down 8.8% compared to the same quarter last year. As a group, equities analysts anticipate that Hillenbrand Inc will post 2.53 EPS for the current year.

Hillenbrand Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date was Monday, June 16th. Hillenbrand's dividend payout ratio (DPR) is -23.62%.

Analyst Upgrades and Downgrades

HI has been the topic of several recent analyst reports. KeyCorp lowered shares of Hillenbrand from an "overweight" rating to a "sector weight" rating in a research note on Thursday, May 8th. DA Davidson decreased their price target on shares of Hillenbrand from $33.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st.

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.