Wealthfront Advisers LLC Takes $1.87 Million Position in Hillenbrand, Inc. (NYSE:HI)

Wealthfront Advisers LLC bought a new stake in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 60,791 shares of the company's stock, valued at approximately $1,871,000. Wealthfront Advisers LLC owned 0.09% of Hillenbrand at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Channing Capital Management LLC bought a new position in shares of Hillenbrand in the fourth quarter worth approximately $20,648,000. Amundi boosted its position in shares of Hillenbrand by 186.2% in the fourth quarter. Amundi now owns 35,382 shares of the company's stock worth $1,100,000 after purchasing an additional 23,019 shares during the period. Inceptionr LLC bought a new position in shares of Hillenbrand in the fourth quarter worth approximately $330,000. Raymond James Financial Inc. bought a new position in shares of Hillenbrand in the fourth quarter worth approximately $7,782,000. Finally, Verdence Capital Advisors LLC bought a new position in shares of Hillenbrand in the fourth quarter worth approximately $218,000. 89.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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Hillenbrand Price Performance

Shares of NYSE:HI traded up $1.11 during midday trading on Wednesday, reaching $26.11. 460,397 shares of the company were exchanged, compared to its average volume of 412,649. The stock has a market cap of $1.84 billion, a PE ratio of -8.31 and a beta of 1.41. The business's fifty day moving average is $31.40 and its two-hundred day moving average is $30.37. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. Hillenbrand, Inc. has a one year low of $24.64 and a one year high of $50.58.

Hillenbrand (NYSE:HI - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating 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 prior year, the business earned $0.69 EPS. As a group, analysts predict that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Friday, March 14th. Hillenbrand's payout ratio is -28.66%.

Hillenbrand Company 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.