32,904 Shares in Hillenbrand, Inc. (NYSE:HI) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in Hillenbrand, Inc. (NYSE:HI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 32,904 shares of the company’s stock, valued at approximately $1,013,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HI. Wilmington Savings Fund Society FSB acquired a new position in shares of Hillenbrand in the third quarter worth approximately $17,178,000. New York State Common Retirement Fund increased its holdings in Hillenbrand by 131.4% in the fourth quarter. New York State Common Retirement Fund now owns 279,045 shares of the company’s stock worth $8,589,000 after purchasing an additional 158,464 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Hillenbrand in the third quarter worth approximately $4,368,000. Financial Counselors Inc. increased its holdings in Hillenbrand by 30.1% in the third quarter. Financial Counselors Inc. now owns 322,252 shares of the company’s stock worth $8,959,000 after purchasing an additional 74,527 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Hillenbrand by 2.4% during the third quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company’s stock valued at $79,877,000 after acquiring an additional 66,741 shares in the last quarter. 89.09% of the stock is owned by institutional investors and hedge funds.

Hillenbrand Stock Down 0.6 %

HI stock opened at $27.56 on Friday. The stock’s fifty day simple moving average is $32.11 and its two-hundred day simple moving average is $30.75. 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, Inc. has a 1-year low of $25.11 and a 1-year high of $50.58. The stock has a market cap of $1.94 billion, a P/E ratio of -8.78 and a beta of 1.43.

Hillenbrand (NYSE:HI) last issued 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 quarter in the previous year, the firm posted $0.69 EPS. Analysts expect that Hillenbrand, Inc. will post 2.53 EPS for the current year.

Hillenbrand Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.225 per share. The ex-dividend date is Friday, March 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.27%. Hillenbrand’s dividend payout ratio is presently -28.66%.

Analyst Ratings Changes

HI has been the subject of several recent research reports. StockNews.com downgraded Hillenbrand from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. KeyCorp decreased their price objective on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. Finally, DA Davidson reiterated a “neutral” rating and set a $33.00 price target on shares of Hillenbrand in a report on Friday, November 15th.

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.