Algert Global LLC Buys Shares of 76,625 Hillenbrand, Inc. (NYSE:HI)

Algert Global LLC bought a new stake in Hillenbrand, Inc. (NYSE:HI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 76,625 shares of the company's stock, valued at approximately $2,359,000. Algert Global LLC owned 0.11% of Hillenbrand as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC increased its position in shares of Hillenbrand by 17.9% in the third quarter. Barclays PLC now owns 318,078 shares of the company's stock worth $8,841,000 after purchasing an additional 48,230 shares during the period. GAMMA Investing LLC increased its holdings in 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 buying an additional 614 shares during the period. Matrix Trust Co raised its position in shares of Hillenbrand by 546.7% in the 4th quarter. Matrix Trust Co now owns 5,775 shares of the company's stock valued at $178,000 after buying an additional 4,882 shares in the last quarter. Tompkins Financial Corp acquired a new position in shares of Hillenbrand in the 4th quarter valued at approximately $54,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Hillenbrand during the 4th quarter worth approximately $344,000. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the stock. StockNews.com downgraded shares of Hillenbrand from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. DA Davidson lowered their price target on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Finally, KeyCorp lowered Hillenbrand from an "overweight" rating to a "sector weight" rating in a research note on Thursday.

Hillenbrand Price Performance

Hillenbrand stock traded down $0.08 during mid-day trading on Friday, reaching $20.80. The company had a trading volume of 415,654 shares, compared to its average volume of 478,279. The business has a fifty day simple moving average of $23.05 and a 200 day simple moving average of $28.83. The company has a market cap of $1.47 billion, a P/E ratio of -6.62 and a beta of 1.56. Hillenbrand, Inc. has a fifty-two week low of $18.36 and a fifty-two week high of $46.92. 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.60 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $715.90 million for the quarter, compared to analyst estimates of $691.00 million. During the same period last year, the firm posted $0.76 earnings per share. The business's revenue for the quarter was down 8.8% on a year-over-year basis. On average, equities research analysts predict that Hillenbrand, Inc. will post 2.53 earnings per share for the current 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 paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Monday, June 16th. Hillenbrand's payout ratio is currently -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.