Financial Counselors Inc. Has $10.63 Million Stock Position in Hillenbrand, Inc. (NYSE:HI)

Financial Counselors Inc. lifted its position in shares of Hillenbrand, Inc. (NYSE:HI) by 7.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 345,395 shares of the company’s stock after purchasing an additional 23,143 shares during the quarter. Financial Counselors Inc.’s holdings in Hillenbrand were worth $10,631,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of HI. Fifth Third Bancorp increased its holdings in Hillenbrand by 0.5% during the 4th quarter. Fifth Third Bancorp now owns 80,208 shares of the company’s stock valued at $2,469,000 after purchasing an additional 387 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Hillenbrand by 107.5% in the 4th quarter. GAMMA Investing LLC now owns 1,185 shares of the company’s stock valued at $36,000 after purchasing an additional 614 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Hillenbrand during the 4th quarter worth approximately $27,000. SkyView Investment Advisors LLC raised its stake in shares of Hillenbrand by 4.5% during the third quarter. SkyView Investment Advisors LLC now owns 20,490 shares of the company’s stock worth $570,000 after buying an additional 891 shares during the last quarter. Finally, YANKCOM Partnership acquired a new position in Hillenbrand in the fourth quarter valued at approximately $30,000. 89.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Hillenbrand Trading Up 0.5 %

NYSE:HI opened at $26.04 on Thursday. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of -8.29 and a beta of 1.41. Hillenbrand, Inc. has a 1-year low of $24.64 and a 1-year high of $50.58. The business’s 50-day moving average price is $30.72 and its two-hundred day moving average price is $30.17. 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 announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02. Hillenbrand had a negative net margin of 7.12% and a positive return on equity of 15.00%. During the same period last year, the business posted $0.69 earnings per share. On average, equities analysts expect that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Announces Dividend

The business also recently disclosed 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. This represents a $0.90 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Friday, March 14th. Hillenbrand’s dividend payout ratio is -28.66%.

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.