Financial Counselors Inc. Purchases 23,143 Shares of Hillenbrand, Inc. (NYSE:HI)

Financial Counselors Inc. increased its holdings in Hillenbrand, Inc. (NYSE:HI - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 345,395 shares of the company's stock after acquiring an additional 23,143 shares during the period. Financial Counselors Inc. owned about 0.49% of Hillenbrand worth $10,631,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new position in shares of Hillenbrand during the fourth quarter worth approximately $27,000. YANKCOM Partnership acquired a new position in shares of Hillenbrand during the fourth quarter valued at about $30,000. GAMMA Investing LLC grew its position in Hillenbrand by 107.5% during the fourth quarter. GAMMA Investing LLC now owns 1,185 shares of the company's stock worth $36,000 after buying an additional 614 shares in the last quarter. Tompkins Financial Corp bought a new stake in shares of Hillenbrand in the 4th quarter worth approximately $54,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Hillenbrand by 161.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,842 shares of the company's stock valued at $57,000 after purchasing an additional 1,138 shares during the period. Institutional investors and hedge funds own 89.09% of the company's stock.

Analyst Ratings Changes

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

Remove Ads

Hillenbrand Stock Down 3.1 %

HI opened at $24.19 on Tuesday. Hillenbrand, Inc. has a twelve month low of $23.81 and a twelve month high of $50.58. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of -7.70 and a beta of 1.41. The firm's 50-day simple moving average is $30.19 and its 200-day simple moving average is $30.16. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.34.

Hillenbrand (NYSE:HI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.54 by $0.02. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. During the same period in the prior year, the company posted $0.69 EPS. Equities research analysts anticipate that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.

Hillenbrand Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date was Friday, March 14th. Hillenbrand's dividend payout ratio is currently -28.66%.

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.