Y Intercept Hong Kong Ltd Buys 17,994 Shares of Hillenbrand, Inc. (NYSE:HI)

Y Intercept Hong Kong Ltd raised its stake in Hillenbrand, Inc. (NYSE:HI) by 224.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,017 shares of the company’s stock after purchasing an additional 17,994 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Hillenbrand were worth $801,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its stake in shares of Hillenbrand by 2.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company’s stock worth $79,877,000 after acquiring an additional 66,741 shares during the period. State Street Corp boosted its stake in shares of Hillenbrand by 0.7% during the 3rd quarter. State Street Corp now owns 2,739,689 shares of the company’s stock worth $76,163,000 after acquiring an additional 19,546 shares during the period. Geode Capital Management LLC boosted its stake in shares of Hillenbrand by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company’s stock worth $44,565,000 after acquiring an additional 6,682 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Hillenbrand by 5.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 978,953 shares of the company’s stock worth $27,215,000 after acquiring an additional 48,390 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Hillenbrand during the 3rd quarter worth approximately $17,178,000. 89.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on HI. KeyCorp reduced their target price on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. DA Davidson reiterated a “neutral” rating and set a $33.00 target price on shares of Hillenbrand in a research note on Friday, November 15th. Finally, StockNews.com downgraded Hillenbrand from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th.

Hillenbrand Stock Performance

HI opened at $29.86 on Friday. The business has a fifty day simple moving average of $32.43 and a 200 day simple moving average of $31.00. The company has a market capitalization of $2.10 billion, a PE ratio of -9.51 and a beta of 1.43. Hillenbrand, Inc. has a 1 year low of $25.11 and a 1 year high of $50.58. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.86.

Hillenbrand (NYSE:HI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the firm posted $0.69 earnings per share. Research analysts expect that Hillenbrand, Inc. will post 2.53 EPS for the current year.

Hillenbrand Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.225 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.90 annualized dividend and a yield of 3.01%. Hillenbrand’s dividend payout ratio is presently -28.66%.

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.