Wealth Enhancement Advisory Services LLC Makes New Investment in Hillenbrand, Inc. (NYSE:HI)

Wealth Enhancement Advisory Services LLC bought a new position in Hillenbrand, Inc. (NYSE:HI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,139 shares of the company’s stock, valued at approximately $251,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Hillenbrand by 10.8% in 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 acquiring an additional 105,865 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Hillenbrand by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 8,666,374 shares of the company’s stock worth $266,751,000 after buying an additional 59,311 shares in the last quarter. Channing Capital Management LLC bought a new stake in Hillenbrand during the fourth quarter worth approximately $20,648,000. Amundi boosted its holdings in Hillenbrand by 186.2% during the fourth quarter. Amundi now owns 35,382 shares of the company’s stock worth $1,100,000 after buying an additional 23,019 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in Hillenbrand during the fourth quarter worth approximately $1,871,000. Institutional investors own 89.09% of the company’s stock.

Hillenbrand Stock Down 5.7%

HI stock opened at $20.26 on Monday. Hillenbrand, Inc. has a 12-month low of $18.36 and a 12-month high of $45.53. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.33. The company has a market cap of $1.43 billion, a price-to-earnings ratio of -6.45 and a beta of 1.47. The company has a 50 day moving average of $20.86 and a two-hundred day moving average of $27.02.

Hillenbrand (NYSE:HI) last released its earnings results on Tuesday, April 29th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. Hillenbrand had a negative net margin of 7.12% and a positive return on equity of 15.00%. The company had revenue of $715.90 million during the quarter, compared to the consensus estimate of $691.00 million. During the same quarter in the prior year, the firm earned $0.76 EPS. The company’s revenue was down 8.8% compared to the same quarter last year. On average, equities analysts anticipate that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.225 per share. The ex-dividend date is Monday, June 16th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.44%. Hillenbrand’s dividend payout ratio is currently -23.62%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HI. DA Davidson reduced their target price on shares of Hillenbrand from $33.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. KeyCorp downgraded shares of Hillenbrand from an “overweight” rating to a “sector weight” rating in a research report on Thursday, May 8th.

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.