Hillenbrand, Inc. (NYSE:HI) Shares Acquired by Baird Financial Group Inc.

Baird Financial Group Inc. grew its position in Hillenbrand, Inc. (NYSE:HIGet Rating) by 40.6% during the second quarter, Holdings Channel.com reports. The firm owned 20,762 shares of the company’s stock after acquiring an additional 5,999 shares during the period. Baird Financial Group Inc.’s holdings in Hillenbrand were worth $850,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HI. Nisa Investment Advisors LLC raised its holdings in shares of Hillenbrand by 23.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 7,550 shares of the company’s stock valued at $333,000 after purchasing an additional 1,420 shares in the last quarter. Mutual of America Capital Management LLC grew its position in shares of Hillenbrand by 5.2% in the 1st quarter. Mutual of America Capital Management LLC now owns 10,492 shares of the company’s stock valued at $463,000 after buying an additional 514 shares during the last quarter. Measured Wealth Private Client Group LLC grew its position in shares of Hillenbrand by 7.1% in the 1st quarter. Measured Wealth Private Client Group LLC now owns 6,450 shares of the company’s stock valued at $285,000 after buying an additional 428 shares during the last quarter. Versor Investments LP purchased a new position in shares of Hillenbrand in the 1st quarter valued at $997,000. Finally, Ziegler Capital Management LLC grew its position in shares of Hillenbrand by 40.5% in the 1st quarter. Ziegler Capital Management LLC now owns 27,725 shares of the company’s stock valued at $1,225,000 after buying an additional 7,992 shares during the last quarter. 88.74% of the stock is currently owned by institutional investors and hedge funds.

Hillenbrand Trading Up 1.5 %

NYSE HI opened at $48.77 on Monday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.30 and a quick ratio of 0.85. The firm’s fifty day moving average price is $41.09 and its 200 day moving average price is $41.85. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 16.82 and a beta of 1.41. Hillenbrand, Inc. has a 12 month low of $36.16 and a 12 month high of $54.15.

Hillenbrand Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were given a dividend of $0.218 per share. This is an increase from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.87 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, September 15th. Hillenbrand’s dividend payout ratio (DPR) is presently 30.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Hillenbrand in a research report on Wednesday, October 12th. They issued a “strong-buy” rating on the stock.

Hillenbrand Company Profile

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Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. It operates in three segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville. 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, as well as offers equipment system design services; 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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Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

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