Inceptionr LLC purchased a new stake in Hillenbrand, Inc. (NYSE:HI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 10,736 shares of the company's stock, valued at approximately $330,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in shares of Hillenbrand in the 4th quarter valued at approximately $7,782,000. Verdence Capital Advisors LLC purchased a new stake in shares of Hillenbrand in the 4th quarter valued at approximately $218,000. Proficio Capital Partners LLC acquired a new position in shares of Hillenbrand in the fourth quarter valued at approximately $1,013,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Hillenbrand by 10.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,084,818 shares of the company's stock valued at $33,391,000 after purchasing an additional 105,865 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Hillenbrand by 161.6% in 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 in the last quarter. 89.09% of the stock is owned by hedge funds and other institutional investors.
Hillenbrand Stock Down 1.2 %
NYSE HI traded down $0.32 on Wednesday, hitting $26.24. 497,501 shares of the stock were exchanged, compared to its average volume of 413,189. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.33. Hillenbrand, Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $50.58. The company has a market cap of $1.85 billion, a PE ratio of -8.36 and a beta of 1.41. The company has a 50-day moving average price of $31.85 and a 200-day moving average price of $30.59.
Hillenbrand (NYSE:HI - Get Free Report) last posted its quarterly 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 negative net margin of 7.12% and a positive return on equity of 15.00%. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Sell-side analysts anticipate that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.
Hillenbrand Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Friday, March 14th. Hillenbrand's payout ratio is -28.66%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on HI shares. KeyCorp dropped their price objective on shares of Hillenbrand from $45.00 to $40.00 and set an "overweight" rating for the company in a report on Thursday, November 14th. DA Davidson restated a "neutral" rating and issued a $33.00 price objective on shares of Hillenbrand in a report on Friday, November 15th. Finally, StockNews.com cut shares of Hillenbrand from a "buy" rating to a "hold" rating in a report on Thursday, February 6th.
Get Our Latest Report on Hillenbrand
About Hillenbrand
(
Free Report)
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.
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