By otakuyassine3@gmail.com 
YANKCOM Partnership 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 & Exchange Commission. The firm bought 976 shares of the company’s stock, valued at approximately $30,000.
Other large investors also recently modified their holdings of the company. GSA Capital Partners LLP acquired a new stake in shares of Hillenbrand during the third quarter valued at about $627,000. Jane Street Group LLC grew its stake in Hillenbrand by 19.3% in the third quarter. Jane Street Group LLC now owns 205,053 shares of the company’s stock worth $5,700,000 after purchasing an additional 33,117 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Hillenbrand by 284.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,995 shares of the company’s stock worth $611,000 after purchasing an additional 16,274 shares in the last quarter. Financial Counselors Inc. grew its stake in Hillenbrand by 30.1% in the third quarter. Financial Counselors Inc. now owns 322,252 shares of the company’s stock worth $8,959,000 after purchasing an additional 74,527 shares in the last quarter. Finally, State Street Corp grew its stake in Hillenbrand by 0.7% in the third quarter. State Street Corp now owns 2,739,689 shares of the company’s stock worth $76,163,000 after purchasing an additional 19,546 shares in the last quarter. 89.09% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on HI shares. DA Davidson reiterated a “neutral” rating and issued a $33.00 price target on shares of Hillenbrand in a research note on Friday, November 15th. KeyCorp decreased their price target on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. Finally, StockNews.com downgraded Hillenbrand from a “buy” rating to a “hold” rating in a research note on Thursday.
Check Out Our Latest Analysis on Hillenbrand
Hillenbrand Stock Performance
Shares of NYSE HI opened at $31.46 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.27 and a debt-to-equity ratio of 1.28. The firm’s 50-day moving average price is $32.51 and its two-hundred day moving average price is $31.92. Hillenbrand, Inc. has a 52-week low of $25.11 and a 52-week high of $50.58. The stock has a market capitalization of $2.21 billion, a P/E ratio of -10.52 and a beta of 1.43.
Hillenbrand (NYSE:HI – Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Hillenbrand had a negative net margin of 6.63% and a positive return on equity of 14.86%. During the same period in the previous year, the company earned $0.69 EPS. As a group, sell-side analysts forecast that Hillenbrand, Inc. will post 3.2 earnings per share for the current year.
Hillenbrand Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.225 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.90 dividend on an annualized basis and a yield of 2.86%. This is a boost from Hillenbrand’s previous quarterly dividend of $0.22. Hillenbrand’s dividend payout ratio (DPR) is currently -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.
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