Expect Equity LLC Makes New Investment in Hillenbrand, Inc. (NYSE:HI)

Expect Equity LLC bought a new position in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 48,815 shares of the company's stock, valued at approximately $1,503,000. Expect Equity LLC owned 0.07% of Hillenbrand at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. grew its holdings in Hillenbrand by 3.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 154,971 shares of the company's stock valued at $4,770,000 after buying an additional 5,336 shares during the last quarter. Deutsche Bank AG raised its position in shares of Hillenbrand by 18.2% in the fourth quarter. Deutsche Bank AG now owns 140,576 shares of the company's stock valued at $4,327,000 after buying an additional 21,666 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Hillenbrand by 8.8% during the 4th quarter. Cetera Investment Advisers now owns 9,574 shares of the company's stock worth $295,000 after purchasing an additional 773 shares during the period. Centiva Capital LP lifted its stake in shares of Hillenbrand by 27.4% during the 4th quarter. Centiva Capital LP now owns 12,043 shares of the company's stock worth $371,000 after purchasing an additional 2,592 shares during the period. Finally, Bridgefront Capital LLC purchased a new position in shares of Hillenbrand during the 4th quarter worth $266,000. 89.09% of the stock is owned by hedge funds and other institutional investors.

Hillenbrand Stock Up 9.3%

Hillenbrand stock traded up $1.94 during trading on Monday, reaching $22.75. 516,572 shares of the company's stock were exchanged, compared to its average volume of 478,430. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.34. Hillenbrand, Inc. has a 52-week low of $18.36 and a 52-week high of $46.92. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of -7.25 and a beta of 1.56. The company's 50-day moving average is $23.05 and its two-hundred day moving average is $28.84.

Hillenbrand (NYSE:HI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $691.00 million. During the same period last year, the business posted $0.76 earnings per share. The firm's revenue for the quarter was down 8.8% on a year-over-year basis. On average, analysts predict that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Dividend Announcement

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 $0.225 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.90 annualized dividend and a dividend yield of 3.96%. Hillenbrand's payout ratio is -23.62%.

Analyst Ratings Changes

HI has been the topic of a number of research analyst reports. KeyCorp lowered Hillenbrand from an "overweight" rating to a "sector weight" rating in a research note on Thursday. DA Davidson lowered 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. Finally, StockNews.com downgraded shares of Hillenbrand from a "buy" rating to a "hold" rating in a report on Thursday, February 6th.

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.