Gotham Asset Management LLC Takes Position in Hillenbrand, Inc. (NYSE:HI)

Gotham Asset Management LLC acquired a new stake in shares of Hillenbrand, Inc. (NYSE:HI) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 11,706 shares of the company’s stock, valued at approximately $360,000.

A number of other large investors also recently added to or reduced their stakes in the business. R Squared Ltd purchased a new position in Hillenbrand in the 4th quarter worth approximately $27,000. YANKCOM Partnership purchased a new position in Hillenbrand in the 4th quarter worth approximately $30,000. Sterling Capital Management LLC lifted its holdings in Hillenbrand by 712.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,520 shares of the company’s stock worth $47,000 after purchasing an additional 1,333 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Hillenbrand by 161.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,842 shares of the company’s stock worth $57,000 after acquiring an additional 1,138 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Hillenbrand by 50.2% during the 4th quarter. KBC Group NV now owns 3,400 shares of the company’s stock worth $105,000 after acquiring an additional 1,137 shares in the last quarter. 89.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. StockNews.com cut Hillenbrand from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. DA Davidson decreased their price objective on Hillenbrand from $33.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. Finally, KeyCorp cut Hillenbrand from an “overweight” rating to a “sector weight” rating in a report on Thursday, May 8th.

Hillenbrand Stock Up 0.3%

Shares of HI opened at $21.13 on Wednesday. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of -6.73 and a beta of 1.56. Hillenbrand, Inc. has a 1 year low of $18.36 and a 1 year high of $46.92. The business’s 50 day simple moving average is $22.40 and its 200-day simple moving average is $28.55. 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 released its quarterly earnings results on Tuesday, April 29th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.06. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. The company had revenue of $715.90 million for the quarter, compared to analyst estimates of $691.00 million. During the same quarter in the prior year, the firm posted $0.76 EPS. Hillenbrand’s quarterly revenue was down 8.8% compared to the same quarter last year. As a group, equities analysts expect that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.90 annualized dividend and a yield of 4.26%. Hillenbrand’s payout ratio is presently -23.62%.

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.