SkyView Investment Advisors LLC Acquires 891 Shares of Hillenbrand, Inc. (NYSE:HI)

SkyView Investment Advisors LLC grew its stake in shares of Hillenbrand, Inc. (NYSE:HI) by 4.5% in the third quarter, Holdings Channel reports. The firm owned 20,490 shares of the company’s stock after acquiring an additional 891 shares during the period. SkyView Investment Advisors LLC’s holdings in Hillenbrand were worth $570,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. GSA Capital Partners LLP bought a new stake in Hillenbrand during the 3rd quarter valued at $627,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Hillenbrand by 284.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,995 shares of the company’s stock valued at $611,000 after buying an additional 16,274 shares during the period. Financial Counselors Inc. raised its holdings in shares of Hillenbrand by 30.1% in the third quarter. Financial Counselors Inc. now owns 322,252 shares of the company’s stock valued at $8,959,000 after acquiring an additional 74,527 shares in the last quarter. Raymond James & Associates lifted its stake in Hillenbrand by 4.3% in the second quarter. Raymond James & Associates now owns 392,196 shares of the company’s stock worth $15,696,000 after acquiring an additional 16,323 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its holdings in Hillenbrand by 47.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 59,317 shares of the company’s stock worth $1,649,000 after acquiring an additional 19,201 shares in the last quarter. 89.09% of the stock is currently owned by institutional investors.

Hillenbrand Stock Down 1.1 %

Shares of HI opened at $33.00 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.83. The company’s fifty day moving average price is $30.42 and its 200-day moving average price is $34.69. Hillenbrand, Inc. has a 1-year low of $25.11 and a 1-year high of $50.58.

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

Hillenbrand Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.225 dividend. The ex-dividend date is Monday, December 16th. This is an increase from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a yield of 2.73%. Hillenbrand’s payout ratio is presently -29.77%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. StockNews.com upgraded shares of Hillenbrand from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. DA Davidson reissued a “neutral” rating and issued a $33.00 price objective on shares of Hillenbrand in a research note on Friday, November 15th. Finally, KeyCorp dropped their target price on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Hillenbrand presently has an average rating of “Moderate Buy” and a consensus target price of $44.67.

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.