OLD National Bancorp IN Invests $208,000 in Hillenbrand, Inc. (NYSE:HI)

OLD National Bancorp IN bought a new stake in shares of Hillenbrand, Inc. (NYSE:HI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,749 shares of the company’s stock, valued at approximately $208,000.

Several other hedge funds have also bought and sold shares of HI. R Squared Ltd bought a new position in shares of Hillenbrand during the 4th quarter valued at approximately $27,000. Twelve Points Wealth Management LLC raised its position in shares of Hillenbrand by 10.4% during the 4th quarter. Twelve Points Wealth Management LLC now owns 45,207 shares of the company’s stock valued at $1,391,000 after purchasing an additional 4,248 shares during the period. KBC Group NV lifted its stake in shares of Hillenbrand by 50.2% during the 4th quarter. KBC Group NV now owns 3,400 shares of the company’s stock valued at $105,000 after buying an additional 1,137 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Hillenbrand by 0.5% in the 4th quarter. Fifth Third Bancorp now owns 80,208 shares of the company’s stock worth $2,469,000 after buying an additional 387 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in Hillenbrand in the 4th quarter worth $344,000. Institutional investors own 89.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HI. KeyCorp cut their target price on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. StockNews.com upgraded shares of Hillenbrand from a “hold” rating to a “buy” rating in a research report on Thursday, December 26th. Finally, DA Davidson restated a “neutral” rating and issued a $33.00 target price on shares of Hillenbrand in a report on Friday, November 15th.

Hillenbrand Stock Performance

NYSE:HI opened at $33.95 on Monday. The firm has a market capitalization of $2.39 billion, a PE ratio of -11.36 and a beta of 1.43. The stock’s fifty day moving average is $32.55 and its 200 day moving average is $32.04. Hillenbrand, Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $50.58. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 1.27.

Hillenbrand (NYSE:HI) last released its earnings results on Wednesday, November 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.08. The firm had revenue of $837.60 million during the quarter, compared to analyst estimates of $793.38 million. Hillenbrand had a negative net margin of 6.63% and a positive return on equity of 14.86%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business earned $1.13 EPS. On average, sell-side analysts anticipate that Hillenbrand, Inc. will post 3.2 earnings per share for the current year.

Hillenbrand Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a dividend of $0.225 per share. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Monday, December 16th. Hillenbrand’s dividend payout ratio (DPR) is currently -30.10%.

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.