8,483 Shares in Hillenbrand, Inc. (NYSE:HI) Acquired by Parametrica Management Ltd

Parametrica Management Ltd purchased a new position in Hillenbrand, Inc. (NYSE:HI) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,483 shares of the company’s stock, valued at approximately $236,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Hillenbrand by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 8,702,418 shares of the company’s stock worth $437,645,000 after purchasing an additional 290,275 shares during the period. Victory Capital Management Inc. lifted its position in shares of Hillenbrand by 2.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company’s stock valued at $79,877,000 after buying an additional 66,741 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Hillenbrand by 13.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock valued at $87,408,000 after buying an additional 253,730 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Hillenbrand by 2.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 834,186 shares of the company’s stock valued at $33,384,000 after buying an additional 21,986 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of Hillenbrand by 4.3% during the 2nd quarter. Raymond James & Associates now owns 392,196 shares of the company’s stock valued at $15,696,000 after buying an additional 16,323 shares in the last quarter. Institutional investors and hedge funds own 89.09% of the company’s stock.

Hillenbrand Trading Up 0.2 %

Shares of NYSE HI traded up $0.06 during trading on Wednesday, hitting $30.76. 25,083 shares of the company were exchanged, compared to its average volume of 384,590. Hillenbrand, Inc. has a 12-month low of $25.11 and a 12-month high of $50.58. The company has a quick ratio of 0.88, a current ratio of 1.35 and a debt-to-equity ratio of 1.44. The company has a fifty day moving average price of $27.89 and a 200-day moving average price of $36.43.

Hillenbrand Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.2225 per share. This represents a $0.89 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Monday, September 16th. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. Hillenbrand’s payout ratio is currently -30.27%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HI shares. DA Davidson lowered Hillenbrand from a “buy” rating to a “neutral” rating and decreased their target price for the company from $54.00 to $33.00 in a research report on Monday, August 12th. StockNews.com upgraded Hillenbrand from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $48.00.

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.