Voya Investment Management LLC Acquires 30,092 Shares of Hillenbrand Inc $HI

Key Points

• Voya Investment Management LLC significantly increased its stake in Hillenbrand Inc by purchasing an additional 30,092 shares, raising its total ownership to 51,415 shares.
• Hillenbrand's latest quarterly earnings beat estimates with an EPS of $0.51, despite reporting a 23.9% decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.225, representing a 3.7% yield, with the ex-dividend date set for September 15th.

Voya Investment Management LLC increased its position in shares of Hillenbrand Inc (NYSE:HI - Free Report) by 141.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,415 shares of the company's stock after purchasing an additional 30,092 shares during the quarter. Voya Investment Management LLC owned 0.07% of Hillenbrand worth $1,241,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC lifted its position in Hillenbrand by 6.4% during the first quarter. CWM LLC now owns 10,063 shares of the company's stock worth $243,000 after purchasing an additional 608 shares during the period. Cetera Investment Advisers lifted its position in Hillenbrand by 8.8% during the fourth quarter. Cetera Investment Advisers now owns 9,574 shares of the company's stock worth $295,000 after purchasing an additional 773 shares during the period. GAMMA Investing LLC lifted its position in Hillenbrand by 65.9% during the first quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock worth $47,000 after purchasing an additional 781 shares during the period. OneDigital Investment Advisors LLC lifted its position in Hillenbrand by 6.1% during the first quarter. OneDigital Investment Advisors LLC now owns 13,825 shares of the company's stock worth $334,000 after purchasing an additional 793 shares during the period. Finally, Petrus Trust Company LTA lifted its position in Hillenbrand by 6.0% during the first quarter. Petrus Trust Company LTA now owns 17,121 shares of the company's stock worth $413,000 after purchasing an additional 972 shares during the period. Institutional investors own 89.09% of the company's stock.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Hillenbrand from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

Hillenbrand Stock Down 2.3%

Shares of NYSE HI opened at $24.53 on Wednesday. The company has a 50 day simple moving average of $23.55 and a 200 day simple moving average of $22.41. The firm has a market cap of $1.73 billion, a PE ratio of -98.12 and a beta of 1.47. Hillenbrand Inc has a 1 year low of $18.36 and a 1 year high of $35.59. 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 (NYSE:HI - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.01. The business 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%. The firm's quarterly revenue was down 23.9% on a year-over-year basis. During the same quarter last year, the business earned $0.85 EPS. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. On average, research analysts forecast that Hillenbrand Inc will post 2.53 EPS for the current year.

Hillenbrand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 yield of 3.7%. The ex-dividend date is Monday, September 15th. Hillenbrand's dividend payout ratio (DPR) is -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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