Inceptionr LLC Invests $330,000 in Hillenbrand, Inc. (NYSE:HI)

Inceptionr LLC acquired a new position in Hillenbrand, Inc. (NYSE:HI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,736 shares of the company’s stock, valued at approximately $330,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HI. State of New Jersey Common Pension Fund D lifted its position in Hillenbrand by 47.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 59,317 shares of the company’s stock worth $1,649,000 after acquiring an additional 19,201 shares during the period. Kennebec Savings Bank acquired a new stake in Hillenbrand during the 3rd quarter worth about $48,000. Versor Investments LP acquired a new stake in Hillenbrand during the 3rd quarter worth about $259,000. GSA Capital Partners LLP acquired a new stake in Hillenbrand during the 3rd quarter worth about $627,000. Finally, Aigen Investment Management LP acquired a new stake in Hillenbrand during the 3rd quarter worth about $210,000. Institutional investors and hedge funds own 89.09% of the company’s stock.

Hillenbrand Stock Performance

Shares of HI stock opened at $27.56 on Monday. The stock has a market cap of $1.94 billion, a PE ratio of -8.78 and a beta of 1.41. The business has a 50-day simple moving average of $32.11 and a 200-day simple moving average of $30.72. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.33. Hillenbrand, Inc. has a 52-week low of $25.11 and a 52-week high of $50.58.

Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate 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 last year, the firm posted $0.69 earnings per share. On average, equities analysts expect that Hillenbrand, Inc. will post 2.53 EPS for the current year.

Hillenbrand Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.90 annualized dividend and a dividend yield of 3.27%. Hillenbrand’s dividend payout ratio is presently -28.66%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HI shares. DA Davidson reissued a “neutral” rating and issued a $33.00 price objective on shares of Hillenbrand in a report on Friday, November 15th. StockNews.com cut Hillenbrand from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, KeyCorp decreased their price objective on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 14th.

Hillenbrand 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.