Corebridge Financial Inc. Sells 713 Shares of Hillenbrand Inc $HI

Corebridge Financial Inc. reduced its position in shares of Hillenbrand Inc (NYSE:HI) by 1.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 36,679 shares of the company’s stock after selling 713 shares during the quarter. Corebridge Financial Inc.’s holdings in Hillenbrand were worth $885,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in Hillenbrand by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 350,973 shares of the company’s stock valued at $8,472,000 after buying an additional 9,615 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Hillenbrand by 5.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,142,805 shares of the company’s stock worth $27,587,000 after buying an additional 57,987 shares during the period. T. Rowe Price Investment Management Inc. purchased a new stake in Hillenbrand in the 1st quarter worth approximately $25,996,000. Palisade Capital Management LP lifted its holdings in Hillenbrand by 28.8% in the 1st quarter. Palisade Capital Management LP now owns 439,477 shares of the company’s stock worth $10,609,000 after buying an additional 98,175 shares during the period. Finally, Nuveen LLC purchased a new stake in Hillenbrand in the 1st quarter worth approximately $7,736,000. 89.09% of the stock is currently owned by institutional investors.

Hillenbrand Trading Up 1.7%

NYSE HI opened at $26.21 on Friday. Hillenbrand Inc has a fifty-two week low of $18.36 and a fifty-two week high of $35.59. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.87 and a current ratio of 1.25. The stock has a 50 day simple moving average of $22.90 and a two-hundred day simple moving average of $22.84. The stock has a market cap of $1.85 billion, a P/E ratio of -104.84 and a beta of 1.47.

Hillenbrand (NYSE:HI) last released its quarterly earnings data on Monday, August 11th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. Hillenbrand had a positive return on equity of 13.53% and a negative net margin of 0.63%.The business had revenue of $598.90 million during the quarter, compared to analysts’ expectations of $572.48 million. During the same quarter last year, the business posted $0.85 EPS. The business’s revenue was down 23.9% on a year-over-year basis. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. On average, analysts forecast that Hillenbrand Inc will post 2.53 earnings per share for the current year.

Hillenbrand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.225 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.90 annualized dividend and a yield of 3.4%. Hillenbrand’s dividend payout ratio (DPR) is -360.00%.

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.