CIBC Asset Management Inc Makes New $216,000 Investment in Hillenbrand, Inc. (NYSE:HI)

CIBC Asset Management Inc purchased a new position in Hillenbrand, Inc. (NYSE:HI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,008 shares of the company’s stock, valued at approximately $216,000.

Several other large investors also recently modified their holdings of the business. Principal Financial Group Inc. grew its holdings in shares of Hillenbrand by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 341,358 shares of the company’s stock worth $10,507,000 after buying an additional 9,755 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of Hillenbrand by 12.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 66,789 shares of the company’s stock worth $2,056,000 after buying an additional 7,472 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Hillenbrand by 0.6% during the fourth quarter. Rhumbline Advisers now owns 213,241 shares of the company’s stock worth $6,564,000 after buying an additional 1,202 shares in the last quarter. Blue Trust Inc. boosted its position in Hillenbrand by 23.5% during the fourth quarter. Blue Trust Inc. now owns 200,798 shares of the company’s stock valued at $6,181,000 after purchasing an additional 38,223 shares during the last quarter. Finally, YANKCOM Partnership acquired a new position in Hillenbrand during the fourth quarter valued at approximately $30,000. 89.09% of the stock is currently owned by institutional investors.

Hillenbrand Stock Performance

HI opened at $30.37 on Wednesday. Hillenbrand, Inc. has a 12-month low of $25.11 and a 12-month high of $50.58. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -9.67 and a beta of 1.43. The business has a 50 day moving average of $32.42 and a 200-day moving average of $31.06. 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 announced its earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share for the quarter, topping 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 quarter last year, the company earned $0.69 EPS. On average, equities research analysts expect that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.96%. Hillenbrand’s dividend payout ratio (DPR) is currently -28.66%.

Analyst Upgrades and Downgrades

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