76,625 Shares in Hillenbrand, Inc. (NYSE:HI) Acquired by Algert Global LLC

Algert Global LLC bought a new position in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 SEC filing.

Several other institutional investors have also recently bought and sold shares of HI. R Squared Ltd bought a new position in Hillenbrand in the 4th quarter worth about $27,000. YANKCOM Partnership purchased a new stake in shares of Hillenbrand in the 4th quarter valued at $30,000. GAMMA Investing LLC lifted its position in Hillenbrand by 107.5% in the fourth quarter. GAMMA Investing LLC now owns 1,185 shares of the company's stock valued at $36,000 after purchasing an additional 614 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Hillenbrand by 712.8% during the fourth 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 during the period. Finally, Tompkins Financial Corp purchased a new position in Hillenbrand during the 4th quarter valued at $54,000. Institutional investors and hedge funds own 89.09% of the company's stock.

Hillenbrand Stock Performance

NYSE:HI traded down $0.54 during mid-day trading on Wednesday, hitting $22.58. The company's stock had a trading volume of 105,410 shares, compared to its average volume of 477,735. The business's fifty day moving average is $22.87 and its two-hundred day moving average is $28.77. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of -7.19 and a beta of 1.56. 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, Inc. has a 1 year low of $18.36 and a 1 year high of $46.92.

Hillenbrand (NYSE:HI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.06. The business had revenue of $715.90 million during the quarter, compared to analysts' expectations of $691.00 million. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. The business's revenue was down 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. Analysts anticipate that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.

Hillenbrand Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.225 per share. The ex-dividend date is Monday, June 16th. This represents a $0.90 annualized dividend and a dividend yield of 3.99%. Hillenbrand's payout ratio is -23.62%.

Analyst Upgrades and Downgrades

HI has been the subject of a number of research analyst reports. StockNews.com lowered shares of Hillenbrand from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. DA Davidson decreased their price target 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 shares of Hillenbrand from an "overweight" rating to a "sector weight" rating in a report on Thursday, May 8th.

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.