ExodusPoint Capital Management LP Invests $4.08 Million in Hillenbrand, Inc. (NYSE:HI)

ExodusPoint Capital Management LP bought a new stake in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 132,407 shares of the company's stock, valued at approximately $4,075,000. ExodusPoint Capital Management LP owned approximately 0.19% of Hillenbrand as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in HI. Franklin Resources Inc. grew its position in Hillenbrand by 14.8% during the 4th quarter. Franklin Resources Inc. now owns 407,197 shares of the company's stock valued at $12,534,000 after purchasing an additional 52,603 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Hillenbrand by 3.0% in the fourth quarter. Alliancebernstein L.P. now owns 91,830 shares of the company's stock worth $2,827,000 after buying an additional 2,700 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Hillenbrand by 8.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 13,500 shares of the company's stock valued at $416,000 after buying an additional 1,100 shares during the last quarter. Norges Bank bought a new stake in shares of Hillenbrand during the fourth quarter valued at approximately $3,263,000. Finally, JPMorgan Chase & Co. increased its position in shares of Hillenbrand by 128.3% during the fourth quarter. JPMorgan Chase & Co. now owns 183,109 shares of the company's stock valued at $5,636,000 after acquiring an additional 102,916 shares in the last quarter. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Hillenbrand Stock Performance

NYSE:HI traded up $0.34 during mid-day trading on Friday, reaching $21.30. The company's stock had a trading volume of 443,246 shares, compared to its average volume of 451,965. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The stock has a market cap of $1.50 billion, a P/E ratio of -6.78 and a beta of 1.46. The firm's fifty day moving average price is $27.41 and its two-hundred day moving average price is $29.69. Hillenbrand, Inc. has a 12-month low of $18.36 and a 12-month high of $49.95.

Hillenbrand (NYSE:HI - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.56 earnings per share 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 business earned $0.69 earnings per share. On average, equities analysts forecast that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.

Hillenbrand Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.225 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.23%. Hillenbrand's dividend payout ratio (DPR) is currently -28.66%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Hillenbrand from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th.

Hillenbrand Company 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.