Twelve Points Wealth Management LLC Raises Holdings in Hillenbrand Inc $HI

Key Points

• Twelve Points Wealth Management LLC increased its stake in Hillenbrand Inc by 20.7%, bringing its total ownership to 88,835 shares valued at approximately $1.78 million.
• Hillenbrand's stock was upgraded to a "strong-buy" rating by Zacks Research, with an average target price set at $32.00.
• The company reported $0.51 earnings per share for the last quarter, surpassing analyst expectations, although revenue decreased by 23.9% year-over-year.

Twelve Points Wealth Management LLC raised its stake in Hillenbrand Inc (NYSE:HI - Free Report) by 20.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,835 shares of the company's stock after purchasing an additional 15,206 shares during the period. Twelve Points Wealth Management LLC owned about 0.13% of Hillenbrand worth $1,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Hillenbrand by 65.9% in the first quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock worth $47,000 after acquiring an additional 781 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Hillenbrand by 29.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,432 shares of the company's stock valued at $49,000 after purchasing an additional 547 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Hillenbrand in the 1st quarter valued at $84,000. Jones Financial Companies Lllp lifted its position in shares of Hillenbrand by 622.7% during the 1st quarter. Jones Financial Companies Lllp now owns 3,729 shares of the company's stock worth $90,000 after purchasing an additional 3,213 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Hillenbrand during the fourth quarter worth $251,000. 89.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Hillenbrand from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $32.00.

Hillenbrand Stock Performance

Shares of HI stock opened at $25.94 on Friday. The stock's 50-day moving average is $23.73 and its two-hundred day moving average is $22.39. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.87 and a current ratio of 1.25. Hillenbrand Inc has a 1 year low of $18.36 and a 1 year high of $35.59. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of -103.75 and a beta of 1.47.

Hillenbrand (NYSE:HI - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. The business had revenue of $598.90 million during the quarter, compared to the consensus estimate of $572.48 million. Hillenbrand had a positive return on equity of 13.53% and a negative net margin of 0.63%.The business's quarterly revenue was down 23.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 EPS. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. Analysts predict that Hillenbrand Inc will post 2.53 earnings per share for the current year.

Hillenbrand Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, September 15th. Hillenbrand's payout ratio is presently -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.

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