Horan Capital Advisors LLC. Sells 803 Shares of Hillenbrand, Inc. (NYSE:HI)

Horan Capital Advisors LLC. lowered its position in shares of Hillenbrand, Inc. (NYSE:HI) by 3.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,883 shares of the company’s stock after selling 803 shares during the period. Horan Capital Advisors LLC.’s holdings in Hillenbrand were worth $836,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Hillenbrand by 3.5% during the first quarter. Vanguard Group Inc. now owns 8,702,418 shares of the company’s stock worth $437,645,000 after purchasing an additional 290,275 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Hillenbrand by 7.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,747,176 shares of the company’s stock worth $83,605,000 after purchasing an additional 120,782 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Hillenbrand by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 868,965 shares of the company’s stock worth $41,580,000 after purchasing an additional 39,697 shares during the last quarter. Norges Bank bought a new stake in Hillenbrand during the fourth quarter worth about $40,130,000. Finally, Bank of New York Mellon Corp lifted its stake in Hillenbrand by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 834,186 shares of the company’s stock worth $33,384,000 after purchasing an additional 21,986 shares during the last quarter. Institutional investors own 89.09% of the company’s stock.

Hillenbrand Stock Down 4.0 %

HI opened at $28.94 on Monday. The company has a market cap of $2.03 billion, a P/E ratio of 23.92 and a beta of 1.40. The business’s 50-day moving average price is $37.73 and its 200-day moving average price is $43.10. The company has a current ratio of 1.35, a quick ratio of 0.88 and a debt-to-equity ratio of 1.44. Hillenbrand, Inc. has a 12 month low of $28.91 and a 12 month high of $50.58.

Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. Hillenbrand had a positive return on equity of 14.89% and a negative net margin of 6.67%. The company had revenue of $786.60 million for the quarter, compared to the consensus estimate of $818.16 million. During the same quarter in the previous year, the business earned $0.95 EPS. Hillenbrand’s revenue was up 9.8% compared to the same quarter last year. On average, equities analysts expect that Hillenbrand, Inc. will post 3.23 EPS for the current year.

Hillenbrand Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.2225 dividend. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.89 dividend on an annualized basis and a yield of 3.08%. Hillenbrand’s dividend payout ratio (DPR) is presently 73.55%.

Analyst Ratings Changes

Several brokerages have issued reports on HI. StockNews.com raised Hillenbrand from a “sell” rating to a “hold” rating in a research note on Friday. DA Davidson downgraded Hillenbrand from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $54.00 to $33.00 in a report on Monday, August 12th. Finally, KeyCorp initiated coverage on Hillenbrand in a report on Wednesday, July 10th. They issued an “overweight” rating and a $50.00 price objective on the stock. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $48.00.

About Hillenbrand

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.