Hillenbrand, Inc. (NYSE:HI) Shares Bought by Covestor Ltd

Covestor Ltd increased its position in shares of Hillenbrand, Inc. (NYSE:HI) by 164.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,164 shares of the company’s stock after acquiring an additional 3,214 shares during the period. Covestor Ltd’s holdings in Hillenbrand were worth $159,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. R Squared Ltd bought a new position in shares of Hillenbrand in the 4th quarter valued at approximately $27,000. YANKCOM Partnership bought a new stake in shares of Hillenbrand during the fourth quarter valued at approximately $30,000. GAMMA Investing LLC raised its stake in shares of Hillenbrand by 107.5% in the fourth quarter. GAMMA Investing LLC now owns 1,185 shares of the company’s stock valued at $36,000 after purchasing an additional 614 shares in the last quarter. Tompkins Financial Corp bought a new stake in Hillenbrand in the 4th quarter valued at $54,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Hillenbrand by 161.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,842 shares of the company’s stock valued at $57,000 after buying an additional 1,138 shares in the last quarter. 89.09% of the stock is owned by institutional investors and hedge funds.

Hillenbrand Price Performance

Hillenbrand stock opened at $20.96 on Friday. Hillenbrand, Inc. has a 52 week low of $18.36 and a 52 week high of $49.95. The firm has a market cap of $1.48 billion, a P/E ratio of -6.68 and a beta of 1.46. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.34. The business’s fifty day moving average is $27.66 and its two-hundred day moving average is $29.73.

Hillenbrand (NYSE:HI) last announced its quarterly earnings data 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 earnings per share. Equities research analysts forecast that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.225 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.29%. Hillenbrand’s dividend payout ratio (DPR) is presently -28.66%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Hillenbrand from a “buy” rating to a “hold” rating in a report on Thursday, February 6th.

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.