Proficio Capital Partners LLC Acquires Shares of 32,904 Hillenbrand, Inc. (NYSE:HI)

Proficio Capital Partners LLC bought a new position in Hillenbrand, Inc. (NYSE:HI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 32,904 shares of the company's stock, valued at approximately $1,013,000.

A number of other large investors have also added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd increased its position in shares of Hillenbrand by 224.3% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 26,017 shares of the company's stock valued at $801,000 after purchasing an additional 17,994 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Hillenbrand by 35.0% during the fourth quarter. Handelsbanken Fonder AB now owns 21,997 shares of the company's stock valued at $677,000 after buying an additional 5,700 shares during the last quarter. Ieq Capital LLC raised its position in Hillenbrand by 23.6% in the fourth quarter. Ieq Capital LLC now owns 9,711 shares of the company's stock worth $299,000 after acquiring an additional 1,853 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Hillenbrand by 131.4% during the 4th quarter. New York State Common Retirement Fund now owns 279,045 shares of the company's stock worth $8,589,000 after acquiring an additional 158,464 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new position in shares of Hillenbrand during the 4th quarter worth $216,000. Institutional investors own 89.09% of the company's stock.

Hillenbrand Price Performance

Shares of NYSE:HI traded up $0.46 during trading on Tuesday, hitting $26.60. 604,029 shares of the company's stock were exchanged, compared to its average volume of 411,302. The business's 50-day simple moving average is $32.02 and its 200 day simple moving average is $30.67. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.86. Hillenbrand, Inc. has a 52-week low of $25.11 and a 52-week high of $50.58. The company has a market cap of $1.87 billion, a price-to-earnings ratio of -8.47 and a beta of 1.41.

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Hillenbrand (NYSE:HI - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02. Hillenbrand had a negative net margin of 7.12% and a positive return on equity of 15.00%. During the same quarter in the previous year, the company earned $0.69 EPS. As a group, equities analysts predict that Hillenbrand, Inc. will post 2.53 EPS for the current year.

Hillenbrand Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Friday, March 14th. Hillenbrand's dividend payout ratio is presently -28.66%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HI. KeyCorp decreased their target price on Hillenbrand from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Thursday, November 14th. StockNews.com downgraded Hillenbrand from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, DA Davidson restated a "neutral" rating and set a $33.00 target price on shares of Hillenbrand in a research note on Friday, November 15th.

Hillenbrand Profile

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.