76,625 Shares in Hillenbrand, Inc. (NYSE:HI) Bought by Algert Global LLC

Algert Global LLC bought a new stake in shares of Hillenbrand, Inc. (NYSE:HI) in the 4th quarter, HoldingsChannel.com reports. The firm bought 76,625 shares of the company’s stock, valued at approximately $2,359,000.

A number of other hedge funds and other institutional investors have also modified their holdings of HI. AXA S.A. purchased a new stake in Hillenbrand during the fourth quarter valued at about $3,594,000. Comerica Bank raised its holdings in shares of Hillenbrand by 3.3% during the fourth quarter. Comerica Bank now owns 54,158 shares of the company’s stock valued at $1,667,000 after acquiring an additional 1,716 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Hillenbrand in the 4th quarter valued at approximately $2,848,000. Northern Trust Corp boosted its stake in Hillenbrand by 24.4% in the 4th quarter. Northern Trust Corp now owns 900,666 shares of the company’s stock worth $27,722,000 after purchasing an additional 176,482 shares during the period. Finally, Aquatic Capital Management LLC grew its position in Hillenbrand by 143.6% during the 4th quarter. Aquatic Capital Management LLC now owns 18,757 shares of the company’s stock worth $577,000 after purchasing an additional 11,057 shares in the last quarter. Institutional investors and hedge funds own 89.09% of the company’s stock.

Hillenbrand Stock Up 6.6 %

HI stock opened at $20.87 on Friday. The company has a 50 day moving average of $23.18 and a two-hundred day moving average of $28.88. The company has a market cap of $1.47 billion, a price-to-earnings ratio of -6.65 and a beta of 1.56. Hillenbrand, Inc. has a 12-month low of $18.36 and a 12-month high of $46.92. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.33.

Hillenbrand (NYSE:HI) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. The firm had revenue of $715.90 million during the quarter, compared to analysts’ expectations of $691.00 million. During the same quarter last year, the firm earned $0.76 earnings per share. The business’s revenue for the quarter was down 8.8% on a year-over-year basis. On average, equities analysts anticipate that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend is Monday, June 16th. Hillenbrand’s payout ratio is presently -23.62%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HI shares. StockNews.com lowered Hillenbrand from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. DA Davidson reduced their price objective on Hillenbrand from $33.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Finally, KeyCorp cut Hillenbrand from an “overweight” rating to a “sector weight” rating in a research note on Thursday.

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.