Verition Fund Management LLC Invests $681,000 in Hillenbrand, Inc. (NYSE:HI)

Verition Fund Management LLC acquired a new stake in Hillenbrand, Inc. (NYSE:HI - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 24,506 shares of the company's stock, valued at approximately $681,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. GSA Capital Partners LLP acquired a new position in shares of Hillenbrand during the 3rd quarter worth $627,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Hillenbrand by 284.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,995 shares of the company's stock valued at $611,000 after buying an additional 16,274 shares in the last quarter. Financial Counselors Inc. grew its holdings in Hillenbrand by 30.1% during the 3rd quarter. Financial Counselors Inc. now owns 322,252 shares of the company's stock valued at $8,959,000 after buying an additional 74,527 shares during the last quarter. Raymond James & Associates increased its position in Hillenbrand by 4.3% during the second quarter. Raymond James & Associates now owns 392,196 shares of the company's stock worth $15,696,000 after buying an additional 16,323 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of Hillenbrand by 47.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 59,317 shares of the company's stock valued at $1,649,000 after acquiring an additional 19,201 shares in the last quarter. Hedge funds and other institutional investors own 89.09% of the company's stock.

Analyst Upgrades and Downgrades

HI has been the topic of several analyst reports. StockNews.com raised shares of Hillenbrand from a "sell" rating to a "hold" rating in a research note on Friday, November 22nd. DA Davidson reissued a "neutral" rating and issued a $33.00 target price on shares of Hillenbrand in a research report on Friday, November 15th. Finally, KeyCorp decreased their price target on shares of Hillenbrand from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Hillenbrand presently has an average rating of "Moderate Buy" and a consensus target price of $44.67.

Hillenbrand Stock Up 0.0 %

Shares of NYSE:HI traded up $0.02 during midday trading on Wednesday, hitting $33.35. 754,874 shares of the company's stock traded hands, compared to its average volume of 395,427. Hillenbrand, Inc. has a twelve month low of $25.11 and a twelve month high of $50.58. The firm's fifty day moving average price is $30.29 and its two-hundred day moving average price is $34.70. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 1.27. The company has a market cap of $2.34 billion, a PE ratio of -11.15 and a beta of 1.43.

Hillenbrand (NYSE:HI - Get Free Report) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.08. Hillenbrand had a negative net margin of 6.63% and a positive return on equity of 14.86%. The company had revenue of $837.60 million for the quarter, compared to analyst estimates of $793.38 million. During the same quarter last year, the firm posted $1.13 earnings per share. The business's quarterly revenue was up 9.8% on a year-over-year basis. On average, equities research analysts anticipate that Hillenbrand, Inc. will post 3.2 EPS for the current fiscal year.

Hillenbrand Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.70%. This is a boost from Hillenbrand's previous quarterly dividend of $0.22. The ex-dividend date is Monday, December 16th. Hillenbrand's dividend payout ratio is presently -29.77%.

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.