Hillenbrand, Inc. (NYSE:HI) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. raised its position in Hillenbrand, Inc. (NYSE:HI) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 154,971 shares of the company’s stock after purchasing an additional 5,336 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.22% of Hillenbrand worth $4,770,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. R Squared Ltd acquired a new position in Hillenbrand during the 4th quarter valued at about $27,000. YANKCOM Partnership bought a new position in shares of Hillenbrand in the fourth quarter valued at approximately $30,000. Sterling Capital Management LLC boosted its holdings in shares of Hillenbrand by 712.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,520 shares of the company’s stock valued at $47,000 after acquiring an additional 1,333 shares in the last quarter. Tompkins Financial Corp acquired a new position in shares of Hillenbrand during the fourth quarter valued at approximately $54,000. Finally, Smartleaf Asset Management LLC raised its holdings in Hillenbrand by 161.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,842 shares of the company’s stock worth $57,000 after purchasing an additional 1,138 shares in the last quarter. Institutional investors own 89.09% of the company’s stock.

Wall Street Analysts Forecast Growth

HI has been the subject of a number of research reports. KeyCorp lowered Hillenbrand from an “overweight” rating to a “sector weight” rating in a research note on Thursday, May 8th. DA Davidson decreased their target price on Hillenbrand from $33.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Finally, StockNews.com lowered Hillenbrand from a “buy” rating to a “hold” rating in a report on Thursday, February 6th.

Hillenbrand Stock Up 0.9%

HI stock opened at $21.72 on Friday. The firm has a market cap of $1.53 billion, a PE ratio of -6.92 and a beta of 1.56. Hillenbrand, Inc. has a 12 month low of $18.36 and a 12 month high of $46.92. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.86. The firm has a 50 day simple moving average of $22.58 and a 200 day simple moving average of $28.64.

Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.06. The company had revenue of $715.90 million for 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 firm’s revenue was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 earnings per share. Equities research analysts forecast that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.90 annualized dividend and a yield of 4.14%. Hillenbrand’s payout ratio is presently -23.62%.

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.