Karp Capital Management Corp Purchases Shares of 18,705 Hillenbrand Inc (HI)

Karp Capital Management Corp purchased a new stake in shares of Hillenbrand Inc (NYSE:HI) during the first quarter, Holdings Channel reports. The institutional investor purchased 18,705 shares of the company’s stock, valued at approximately $671,000.

A number of other hedge funds also recently made changes to their positions in HI. UBS Asset Management Americas Inc. increased its stake in shares of Hillenbrand by 43.5% in the first quarter. UBS Asset Management Americas Inc. now owns 34,722 shares of the company’s stock valued at $1,245,000 after buying an additional 10,525 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Hillenbrand by 75.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,958 shares of the company’s stock valued at $106,000 after buying an additional 1,268 shares in the last quarter. Comerica Bank increased its stake in shares of Hillenbrand by 5.0% in the first quarter. Comerica Bank now owns 71,775 shares of the company’s stock valued at $2,681,000 after buying an additional 3,410 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Hillenbrand by 13.0% in the first quarter. BNP Paribas Arbitrage SA now owns 13,104 shares of the company’s stock valued at $470,000 after buying an additional 1,506 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Hillenbrand by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 1,183,652 shares of the company’s stock valued at $42,435,000 after buying an additional 30,972 shares in the last quarter. Hedge funds and other institutional investors own 79.47% of the company’s stock.

Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

Shares of Hillenbrand Inc (NYSE:HI) opened at 37.10 on Tuesday. Hillenbrand Inc has a one year low of $27.89 and a one year high of $39.00. The company has a 50-day moving average price of $36.79 and a 200 day moving average price of $36.80. The firm has a market capitalization of $2.34 billion, a P/E ratio of 19.43 and a beta of 1.21.

Hillenbrand (NYSE:HI) last released its quarterly earnings results on Wednesday, May 3rd. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. The business had revenue of $395.30 million for the quarter, compared to the consensus estimate of $389.43 million. Hillenbrand had a net margin of 7.85% and a return on equity of 20.27%. Hillenbrand’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. Analysts expect that Hillenbrand Inc will post $2.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be issued a dividend of $0.205 per share. The ex-dividend date is Wednesday, June 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.21%. Hillenbrand’s dividend payout ratio is currently 43.16%.

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Separately, Zacks Investment Research upgraded Hillenbrand from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Tuesday, May 16th.

About Hillenbrand

Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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