Wealthfront Advisers LLC Takes $1.87 Million Position in Hillenbrand, Inc. (NYSE:HI)

Wealthfront Advisers LLC purchased a new stake in shares of Hillenbrand, Inc. (NYSE:HI) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 60,791 shares of the company’s stock, valued at approximately $1,871,000.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp boosted its position in Hillenbrand by 0.7% during the third quarter. State Street Corp now owns 2,739,689 shares of the company’s stock valued at $76,163,000 after purchasing an additional 19,546 shares during the last quarter. Geode Capital Management LLC boosted its position in Hillenbrand by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company’s stock valued at $44,565,000 after purchasing an additional 6,682 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Hillenbrand by 10.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,084,818 shares of the company’s stock valued at $33,391,000 after purchasing an additional 105,865 shares during the last quarter. Channing Capital Management LLC acquired a new stake in Hillenbrand during the fourth quarter valued at $20,648,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Hillenbrand during the third quarter valued at $17,178,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Hillenbrand Price Performance

Shares of NYSE:HI opened at $25.31 on Friday. Hillenbrand, Inc. has a fifty-two week low of $24.64 and a fifty-two week high of $50.58. The business has a 50-day moving average of $31.62 and a two-hundred day moving average of $30.50. The stock has a market capitalization of $1.78 billion, a P/E ratio of -8.06 and a beta of 1.41. 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 announced its quarterly 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 period in the previous year, the company earned $0.69 earnings per share. On average, equities research analysts predict that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.

Hillenbrand Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.90 annualized dividend and a dividend yield of 3.56%. Hillenbrand’s dividend payout ratio is presently -28.66%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. DA Davidson reissued a “neutral” rating and set a $33.00 price objective on shares of Hillenbrand in a research report on Friday, November 15th. StockNews.com cut Hillenbrand from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th.

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.