Hillenbrand Inc $HI Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its position in Hillenbrand Inc (NYSE:HI) by 4.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,964 shares of the company’s stock after selling 7,342 shares during the quarter. PNC Financial Services Group Inc. owned 0.21% of Hillenbrand worth $2,929,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC grew its position in Hillenbrand by 6.4% in the 1st quarter. CWM LLC now owns 10,063 shares of the company’s stock valued at $243,000 after acquiring an additional 608 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Hillenbrand in the first quarter valued at approximately $686,000. TD Asset Management Inc acquired a new position in shares of Hillenbrand in the first quarter valued at approximately $518,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Hillenbrand by 10.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,347 shares of the company’s stock worth $467,000 after buying an additional 1,808 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Hillenbrand by 5.3% during 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 in the last quarter. Institutional investors and hedge funds own 89.09% of the company’s stock.

Hillenbrand Stock Down 0.1%

Hillenbrand stock opened at $31.63 on Wednesday. The stock has a market cap of $2.23 billion, a PE ratio of -126.50 and a beta of 1.50. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.25 and a quick ratio of 0.87. The stock’s fifty day moving average is $28.53 and its two-hundred day moving average is $24.20. Hillenbrand Inc has a 1-year low of $18.36 and a 1-year high of $35.59.

Hillenbrand Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.90 dividend on an annualized basis and a yield of 2.8%. Hillenbrand’s dividend payout ratio (DPR) is presently -360.00%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. CJS Securities restated a “market perform” rating and issued a $32.00 price target on shares of Hillenbrand in a research note on Thursday, October 16th. DA Davidson boosted their target price on Hillenbrand from $24.00 to $32.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Zacks Research lowered Hillenbrand from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Hillenbrand in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $32.00.

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.