American Century Companies Inc. sell 1,531 shares of Hillenbrand, Inc. (NYSE:HI)

American Century Companies Inc. reduced its position in shares of Hillenbrand, Inc. (NYSE:HI – Free Report) by 16.7% in the second quarter, HoldingsChannel reports. The firm owned 7,641 shares of the company’s stock after selling 1,531 shares during the quarter. At the end of the most recent reporting period, holdings held by American Century Companies Inc. in Hillenbrand they were worth $306,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Hillenbrand by 3.5% in the first quarter. Vanguard Group Inc. now owns 8,702,418 shares of the company’s stock valued at $437,645,000 after purchasing an additional 290,275 shares in the last quarter. Roubaix Capital LLC purchased a new stake in Hillenbrand in the first quarter valued at about $3,664,000. Lazard Asset Management LLC bought a new position in shares of Hillenbrand in the first quarter valued at about $3,285,000. Financial Counselors Inc. boosted its holdings in shares of Hillenbrand by 12.2% in the first quarter. Financial Counselors Inc. now owns 244,074 shares of the company’s stock worth $12,274,000 after purchasing an additional 26,574 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Hillenbrand by 10.4% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 273,990 shares of the company’s stock worth $13,110,000 after buying an additional 25,900 shares during the period. 89.09% of the shares are currently held by hedge funds and other institutional investors.

Hillenbrand stock down 2.0%

NYSE HI opened at $26.52 on Friday. Hillenbrand, Inc. has a 1 year low of $25.49 and a 1 year high of $50.58. The stock has a market cap of $1.86 billion, a PE ratio of 21.92 and a beta of 1.39. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.35, and a quick ratio of 0.88. The company’s 50-day moving average is $32.26 and its 200-day moving average is $40.43.

Hillenbrand (NYSE:HI – Get Your Free Report ) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.03. Hillenbrand had a positive return on equity of 14.89% and a negative net margin of 6.67%. The business had revenue of $786.60 million during the quarter, compared to analysts’ expectations of $818.16 million. In the same quarter last year, the business posted EPS of $0.95. The company’s revenue increased by 9.8% year-on-year. Sell-side analysts estimate that Hillenbrand, Inc. will post 3.23 earnings per share for the current year.

Hillenbrand increases dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.2225 dividend. The ex-dividend date was Monday, September 16. This represents an annualized dividend of $0.89 and a yield of 3.36%. This is an increase from Hillenbrand’s previous quarterly dividend of $0.22. Hillenbrand’s payout ratio is 73.55%.

Changes in Analyst Ratings

Several equities research analysts recently weighed in on the company. StockNews.com upgraded Hillenbrand from a “sell” rating to a “hold” rating in a report on Friday, September 6th. KeyCorp initiated coverage on Hillenbrand in a research note on Wednesday, July 10th. They set an “overweight” rating and a $50.00 price objective for the company. Finally, DA Davidson cut shares of Hillenbrand from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $54.00 to $33.00 in a report on Monday , August 12. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Hillenbrand currently has a consensus rating of “Moderate Buy” and an average price target of $48.00, based on data from MarketBeat.com.

Read our latest review of HI

Hillenbrand Company Profile

(Free Report)

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 mixing, extrusion and material handling equipment, equipment system design services, and provides technology mixing, ingredient automation and portioning process; and provides screening and separation equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products and other general industries.

See Also

Want to see what other hedge funds hold HI? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Hillenbrand, Inc. (NYSE:HI – Free Report).

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