Janney Montgomery Scott LLC Acquires New Shares in Hillenbrand, Inc. (NYSE:HI)

Janney Montgomery Scott LLC acquired a new position in Hillenbrand, Inc. (NYSE:HI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,163 shares of the company's stock, valued at approximately $344,000.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in Hillenbrand during the 3rd quarter worth about $17,178,000. Edgestream Partners L.P. acquired a new stake in Hillenbrand during the 3rd quarter worth about $4,368,000. Bernzott Capital Advisors lifted its position in Hillenbrand by 51.3% during the 3rd quarter. Bernzott Capital Advisors now owns 225,753 shares of the company's stock worth $6,276,000 after acquiring an additional 76,533 shares during the period. Financial Counselors Inc. lifted its position in Hillenbrand by 30.1% during the 3rd quarter. Financial Counselors Inc. now owns 322,252 shares of the company's stock worth $8,959,000 after acquiring an additional 74,527 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Hillenbrand by 2.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company's stock worth $79,877,000 after acquiring an additional 66,741 shares during the period. Institutional investors and hedge funds own 89.09% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on HI. KeyCorp lowered their price target on Hillenbrand from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, November 14th. StockNews.com cut Hillenbrand from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, DA Davidson reiterated a "neutral" rating and set a $33.00 price objective on shares of Hillenbrand in a research note on Friday, November 15th.

Hillenbrand Stock Performance

Shares of NYSE HI traded up $0.15 during trading on Friday, reaching $34.76. 466,032 shares of the company traded hands, compared to its average volume of 471,227. The stock has a market cap of $2.45 billion, a P/E ratio of -11.07 and a beta of 1.43. The firm's fifty day simple moving average is $32.43 and its 200 day simple moving average is $31.49. Hillenbrand, Inc. has a 12-month low of $25.11 and a 12-month high of $50.58. The company has a current ratio of 1.34, a quick ratio of 0.83 and a debt-to-equity ratio of 1.33.

Hillenbrand (NYSE:HI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share 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 quarter in the previous year, the company posted $0.69 EPS. As a group, research analysts anticipate that Hillenbrand, Inc. will post 2.94 earnings per share for the current fiscal year.

Hillenbrand Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.225 per share. This is a boost from Hillenbrand's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a dividend yield of 2.59%. The ex-dividend date was Monday, December 16th. Hillenbrand's 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.