Hillenbrand, Inc. (NYSE:HI) Stock Holdings Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in Hillenbrand, Inc. (NYSE:HI - Free Report) by 128.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 183,109 shares of the company's stock after buying an additional 102,916 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.26% of Hillenbrand worth $5,636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HI. R Squared Ltd acquired a new stake in Hillenbrand in the fourth quarter valued at approximately $27,000. YANKCOM Partnership purchased a new position in shares of Hillenbrand in the fourth quarter worth about $30,000. GAMMA Investing LLC raised its stake in shares of Hillenbrand by 107.5% in the fourth quarter. GAMMA Investing LLC now owns 1,185 shares of the company's stock worth $36,000 after purchasing an additional 614 shares during the last quarter. Tompkins Financial Corp acquired a new stake in Hillenbrand during the fourth quarter worth about $54,000. Finally, Smartleaf Asset Management LLC grew its holdings in Hillenbrand by 161.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,842 shares of the company's stock worth $57,000 after acquiring an additional 1,138 shares during the period. Institutional investors own 89.09% of the company's stock.

Hillenbrand Price Performance

Shares of NYSE:HI traded up $1.26 during trading on Wednesday, reaching $22.33. The stock had a trading volume of 47,649 shares, compared to its average volume of 454,671. Hillenbrand, Inc. has a 1-year low of $18.36 and a 1-year high of $49.95. The stock has a market cap of $1.57 billion, a PE ratio of -7.11 and a beta of 1.46. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.34. The business has a fifty day moving average price of $25.66 and a 200-day moving average price of $29.37.

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, topping analysts' consensus estimates 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. On average, equities analysts forecast that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued 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 4.03%. Hillenbrand's dividend payout ratio (DPR) is presently -28.66%.

Analyst Ratings Changes

Separately, StockNews.com lowered Hillenbrand from a "buy" rating to a "hold" rating in a report on Thursday, February 6th.

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.