Intech Investment Management LLC Purchases 16,879 Shares of Hillenbrand, Inc. (NYSE:HI)

Intech Investment Management LLC increased its position in shares of Hillenbrand, Inc. (NYSE:HI) by 57.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,146 shares of the company’s stock after acquiring an additional 16,879 shares during the period. Intech Investment Management LLC owned about 0.07% of Hillenbrand worth $1,420,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd bought a new stake in Hillenbrand during the 4th quarter worth $27,000. YANKCOM Partnership bought a new stake in Hillenbrand during the 4th quarter worth $30,000. GAMMA Investing LLC grew its position in Hillenbrand by 107.5% during the 4th quarter. GAMMA Investing LLC now owns 1,185 shares of the company’s stock worth $36,000 after acquiring an additional 614 shares during the last quarter. Tompkins Financial Corp bought a new stake in Hillenbrand during the 4th quarter worth $54,000. Finally, Smartleaf Asset Management LLC grew its position in Hillenbrand by 161.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,842 shares of the company’s stock worth $57,000 after acquiring an additional 1,138 shares during the last quarter. Institutional investors own 89.09% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hillenbrand Trading Down 1.8 %

NYSE HI opened at $25.75 on Friday. The business’s 50-day moving average price is $31.10 and its two-hundred day moving average price is $30.26. Hillenbrand, Inc. has a 12 month low of $24.64 and a 12 month high of $50.58. The firm has a market capitalization of $1.81 billion, a PE ratio of -8.20 and a beta of 1.41. 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 (NYSE:HI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $0.69 EPS. On average, analysts expect that Hillenbrand, Inc. will post 2.53 EPS for the current year.

Hillenbrand Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Friday, March 14th. Hillenbrand’s dividend payout ratio is -28.66%.

About Hillenbrand

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.