Legal & General Group Plc grew its stake in shares of Hillenbrand, Inc. (NYSE:HI) by 2.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 144,741 shares of the company’s stock after buying an additional 3,474 shares during the quarter. Legal & General Group Plc owned 0.23% of Hillenbrand worth $5,625,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Hillenbrand by 1.1% in the second quarter. BlackRock Inc. now owns 7,861,426 shares of the company’s stock worth $283,796,000 after purchasing an additional 89,261 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Hillenbrand by 1.1% in the second quarter. Vanguard Group Inc. now owns 5,560,333 shares of the company’s stock worth $200,728,000 after purchasing an additional 59,046 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Hillenbrand in the second quarter worth about $86,923,000. Clarkston Capital Partners LLC grew its stake in shares of Hillenbrand by 6.0% in the third quarter. Clarkston Capital Partners LLC now owns 2,134,540 shares of the company’s stock worth $82,927,000 after purchasing an additional 120,471 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Hillenbrand by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,575,172 shares of the company’s stock worth $56,864,000 after purchasing an additional 9,612 shares during the last quarter. 76.36% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Hillenbrand, Inc. (HI) opened at $44.60 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.58. Hillenbrand, Inc. has a 12 month low of $34.65 and a 12 month high of $46.50. The stock has a market capitalization of $2,810.83, a PE ratio of 21.24 and a beta of 1.41.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 18th will be issued a $0.2075 dividend. The ex-dividend date of this dividend is Friday, December 15th. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.21. This represents a $0.83 annualized dividend and a yield of 1.86%. Hillenbrand’s dividend payout ratio (DPR) is 41.41%.
In other Hillenbrand news, insider Joe Anthony Raver sold 34,565 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $43.25, for a total value of $1,494,936.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Diane R. Bohman sold 6,873 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $43.50, for a total transaction of $298,975.50. Following the completion of the sale, the senior vice president now owns 36,544 shares of the company’s stock, valued at $1,589,664. The disclosure for this sale can be found here. Company insiders own 1.74% of the company’s stock.
Several analysts recently issued reports on HI shares. Zacks Investment Research cut Hillenbrand from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Capital One Financial started coverage on Hillenbrand in a research note on Monday, October 23rd. They issued an “equal weight” rating on the stock. Finally, B. Riley set a $50.00 target price on Hillenbrand and gave the stock a “buy” rating in a research note on Thursday, November 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Hillenbrand currently has an average rating of “Hold” and a consensus price target of $50.50.
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Hillenbrand Company Profile
Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
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