Atlantic Investment Management Inc. Makes New $16.49 Million Investment in Hillenbrand, Inc. (NYSE:HI)

Atlantic Investment Management Inc. purchased a new stake in Hillenbrand, Inc. (NYSE:HI) in the first quarter, according to its most recent filing with the SEC. The fund purchased 346,949 shares of the company’s stock, valued at approximately $16,490,000. Hillenbrand comprises 8.9% of Atlantic Investment Management Inc.’s portfolio, making the stock its 8th biggest position. Atlantic Investment Management Inc. owned approximately 0.50% of Hillenbrand as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Advisor Partners II LLC grew its position in shares of Hillenbrand by 5.3% during the 1st quarter. Advisor Partners II LLC now owns 5,614 shares of the company’s stock valued at $267,000 after buying an additional 283 shares during the last quarter. Ensign Peak Advisors Inc grew its holdings in shares of Hillenbrand by 8.6% during the first quarter. Ensign Peak Advisors Inc now owns 26,012 shares of the company’s stock valued at $1,236,000 after purchasing an additional 2,050 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Hillenbrand by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 98,749 shares of the company’s stock worth $4,694,000 after purchasing an additional 4,353 shares during the period. XTX Topco Ltd bought a new stake in shares of Hillenbrand in the 1st quarter worth approximately $234,000. Finally, Systematic Financial Management LP acquired a new position in Hillenbrand during the 1st quarter valued at approximately $289,000. 89.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Hillenbrand news, SVP Ling An-Heid sold 46,444 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $52.45, for a total transaction of $2,435,987.80. Following the transaction, the senior vice president now owns 17,311 shares of the company’s stock, valued at approximately $907,961.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP J Michael Whitted sold 4,000 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $51.50, for a total value of $206,000.00. Following the completion of the sale, the vice president now owns 20,309 shares in the company, valued at $1,045,913.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Ling An-Heid sold 46,444 shares of Hillenbrand stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $52.45, for a total value of $2,435,987.80. Following the transaction, the senior vice president now directly owns 17,311 shares in the company, valued at $907,961.95. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Hillenbrand Stock Performance

NYSE:HI traded down $0.30 during mid-day trading on Monday, hitting $43.50. The stock had a trading volume of 34,433 shares, compared to its average volume of 312,222. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 0.79. The company has a 50 day simple moving average of $48.98 and a 200-day simple moving average of $48.03. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 5.05 and a beta of 1.47. Hillenbrand, Inc. has a 52 week low of $36.16 and a 52 week high of $53.76.

Hillenbrand (NYSE:HI) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The company had revenue of $716.60 million for the quarter, compared to analysts’ expectations of $728.00 million. Hillenbrand had a return on equity of 17.04% and a net margin of 21.62%. During the same quarter in the previous year, the company posted $0.92 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, research analysts expect that Hillenbrand, Inc. will post 3.45 earnings per share for the current fiscal year.

Hillenbrand Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.22 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.88 annualized dividend and a dividend yield of 2.02%. Hillenbrand’s payout ratio is 10.14%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Hillenbrand from a “buy” rating to a “hold” rating in a research report on Friday, August 25th.

Hillenbrand Company Profile

Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. It operates through 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.