Quantbot Technologies LP Invests $483,000 in Hillenbrand, Inc. (NYSE:HI)

Quantbot Technologies LP purchased a new stake in shares of Hillenbrand, Inc. (NYSE:HIFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 11,423 shares of the company’s stock, valued at approximately $483,000.

Several other hedge funds have also added to or reduced their stakes in HI. New York State Common Retirement Fund lifted its holdings in shares of Hillenbrand by 10.3% during the third quarter. New York State Common Retirement Fund now owns 466,121 shares of the company’s stock worth $19,722,000 after buying an additional 43,372 shares in the last quarter. Rice Hall James & Associates LLC acquired a new stake in shares of Hillenbrand during the third quarter worth $2,035,000. Bank of Montreal Can bought a new position in shares of Hillenbrand in the second quarter worth $741,000. Dimensional Fund Advisors LP increased its position in shares of Hillenbrand by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,562,963 shares of the company’s stock worth $80,150,000 after purchasing an additional 25,787 shares during the period. Finally, Mirador Capital Partners LP increased its position in shares of Hillenbrand by 1.8% in the third quarter. Mirador Capital Partners LP now owns 14,233 shares of the company’s stock worth $602,000 after purchasing an additional 254 shares during the period. Institutional investors and hedge funds own 89.12% of the company’s stock.

Hillenbrand Trading Down 1.2 %

Shares of Hillenbrand stock opened at $43.85 on Thursday. The stock has a fifty day simple moving average of $44.86 and a 200 day simple moving average of $43.83. Hillenbrand, Inc. has a 12-month low of $37.19 and a 12-month high of $53.76. The company has a market capitalization of $3.07 billion, a P/E ratio of 5.68 and a beta of 1.50. The company has a current ratio of 1.25, a quick ratio of 0.79 and a debt-to-equity ratio of 1.20.

Hillenbrand (NYSE:HIGet Free Report) last announced its quarterly earnings data on Wednesday, November 15th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.06. The firm had revenue of $762.80 million during the quarter, compared to the consensus estimate of $742.11 million. Hillenbrand had a return on equity of 14.75% and a net margin of 18.39%. The business’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 EPS. On average, sell-side analysts anticipate that Hillenbrand, Inc. will post 3.78 earnings per share for the current fiscal year.

Hillenbrand Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a dividend of $0.2225 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Thursday, December 14th. This is a boost from Hillenbrand’s previous quarterly dividend of $0.22. Hillenbrand’s dividend payout ratio is currently 11.53%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HI shares. TheStreet cut Hillenbrand from a “b-” rating to a “c+” rating in a research report on Monday, December 18th. StockNews.com cut Hillenbrand from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. Finally, CL King assumed coverage on Hillenbrand in a research report on Tuesday, December 19th. They issued a “strong-buy” rating and a $61.00 target price on the stock.

View Our Latest Stock Report on Hillenbrand

Insider Buying and Selling

In related news, CFO Robert M. Vanhimbergen acquired 1,255 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were acquired at an average price of $39.74 per share, with a total value of $49,873.70. Following the acquisition, the chief financial officer now owns 21,799 shares of the company’s stock, valued at approximately $866,292.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Kimberly K. Ryan acquired 3,156 shares of Hillenbrand stock in a transaction dated Thursday, December 7th. The shares were purchased at an average cost of $39.54 per share, for a total transaction of $124,788.24. Following the transaction, the chief executive officer now owns 109,925 shares of the company’s stock, valued at $4,346,434.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Robert M. Vanhimbergen acquired 1,255 shares of Hillenbrand stock in a transaction dated Thursday, December 7th. The shares were purchased at an average price of $39.74 per share, for a total transaction of $49,873.70. Following the completion of the transaction, the chief financial officer now directly owns 21,799 shares in the company, valued at approximately $866,292.26. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 10,902 shares of company stock valued at $424,111. Corporate insiders own 1.80% of the company’s stock.

Hillenbrand Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

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