GAMMA Investing LLC Purchases 614 Shares of Hillenbrand, Inc. (NYSE:HI)

GAMMA Investing LLC boosted its holdings in Hillenbrand, Inc. (NYSE:HI) by 107.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,185 shares of the company’s stock after acquiring an additional 614 shares during the period. GAMMA Investing LLC’s holdings in Hillenbrand were worth $36,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new stake in Hillenbrand during the third quarter worth about $17,178,000. Dimensional Fund Advisors LP lifted its stake in shares of Hillenbrand by 13.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock valued at $87,408,000 after acquiring an additional 253,730 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Hillenbrand during the 3rd quarter valued at $4,368,000. Bernzott Capital Advisors grew its position in Hillenbrand by 51.3% during the 3rd quarter. Bernzott Capital Advisors now owns 225,753 shares of the company’s stock worth $6,276,000 after acquiring an additional 76,533 shares during the last quarter. Finally, Financial Counselors Inc. boosted its stake in shares of Hillenbrand by 30.1% during the third quarter. Financial Counselors Inc. now owns 322,252 shares of the company’s stock valued at $8,959,000 after purchasing an additional 74,527 shares in the last quarter. Institutional investors own 89.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. KeyCorp cut their price objective on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. DA Davidson reiterated a “neutral” rating and issued a $33.00 price target on shares of Hillenbrand in a report on Friday, November 15th. Finally, StockNews.com raised shares of Hillenbrand from a “hold” rating to a “buy” rating in a research report on Thursday, December 26th.

Hillenbrand Stock Performance

NYSE:HI opened at $32.56 on Wednesday. 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 1.28, a current ratio of 1.27 and a quick ratio of 0.83. The business has a fifty day simple moving average of $31.95 and a two-hundred day simple moving average of $32.62. The company has a market capitalization of $2.29 billion, a P/E ratio of -10.89 and a beta of 1.43.

Hillenbrand (NYSE:HI) last posted its earnings results on Wednesday, November 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.08. Hillenbrand had a negative net margin of 6.63% and a positive return on equity of 14.86%. The business had revenue of $837.60 million for the quarter, compared to analysts’ expectations of $793.38 million. During the same period in the prior year, the company posted $1.13 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, analysts expect that Hillenbrand, Inc. will post 3.2 earnings per share for the current year.

Hillenbrand Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 2.76%. This is an increase from Hillenbrand’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, December 16th. Hillenbrand’s payout ratio is presently -30.10%.

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.