Intech Investment Management LLC Has $1.42 Million Stock Holdings in Hillenbrand, Inc. (NYSE:HI)

Intech Investment Management LLC boosted its holdings in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) by 57.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,146 shares of the company's stock after buying an additional 16,879 shares during the period. Intech Investment Management LLC owned about 0.07% of Hillenbrand worth $1,420,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. R Squared Ltd bought a new stake in shares of Hillenbrand in the 4th quarter valued at approximately $27,000. YANKCOM Partnership bought a new stake in Hillenbrand in the fourth quarter valued at $30,000. GAMMA Investing LLC raised its stake 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 acquiring an additional 614 shares in the last quarter. Tompkins Financial Corp bought a new position in shares of Hillenbrand during the fourth quarter valued at $54,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Hillenbrand by 161.6% in the 4th 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. Institutional investors own 89.09% of the company's stock.

Analyst Ratings Changes

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

Remove Ads

Hillenbrand Price Performance

HI traded up $0.12 during trading on Wednesday, hitting $26.04. The company's stock had a trading volume of 290,039 shares, compared to its average volume of 418,528. The firm's 50 day moving average price is $30.86 and its two-hundred day moving average price is $30.20. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of -8.29 and a beta of 1.41. Hillenbrand, Inc. has a 12 month low of $24.64 and a 12 month high of $50.58.

Hillenbrand (NYSE:HI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share (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 prior year, the business posted $0.69 EPS. Sell-side analysts forecast that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Dividend Announcement

The company also recently disclosed 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 3.46%. The ex-dividend date of this dividend is Friday, March 14th. Hillenbrand's dividend payout ratio is -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.