Proficio Capital Partners LLC Acquires New Position in Hillenbrand, Inc. (NYSE:HI)

Proficio Capital Partners LLC acquired a new stake in shares of Hillenbrand, Inc. (NYSE:HI) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 32,904 shares of the company’s stock, valued at approximately $1,013,000.

A number of other hedge funds also recently made changes to their positions in HI. Wilmington Savings Fund Society FSB bought a new position in shares of Hillenbrand during the 3rd quarter valued at approximately $17,178,000. New York State Common Retirement Fund lifted its holdings in Hillenbrand by 131.4% in the 4th quarter. New York State Common Retirement Fund now owns 279,045 shares of the company’s stock worth $8,589,000 after purchasing an additional 158,464 shares in the last quarter. Edgestream Partners L.P. purchased a new position in Hillenbrand in the 3rd quarter worth approximately $4,368,000. Charles Schwab Investment Management Inc. lifted its holdings in Hillenbrand by 10.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,818 shares of the company’s stock worth $33,391,000 after purchasing an additional 105,865 shares in the last quarter. Finally, Financial Counselors Inc. lifted its holdings in Hillenbrand by 30.1% in the 3rd quarter. Financial Counselors Inc. now owns 322,252 shares of the company’s stock worth $8,959,000 after purchasing an additional 74,527 shares in the last quarter. 89.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Hillenbrand from a “buy” rating to a “hold” rating in a report on Thursday, February 6th.

Hillenbrand Stock Down 1.8 %

NYSE HI opened at $25.75 on Friday. The stock’s 50 day moving average is $31.10 and its 200 day moving average is $30.26. 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, Inc. has a 12 month low of $24.64 and a 12 month high of $50.58. The stock has a market cap of $1.81 billion, a PE ratio of -8.20 and a beta of 1.41.

Hillenbrand (NYSE:HI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. During the same quarter in the previous year, the business posted $0.69 EPS. Research analysts predict that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.

Hillenbrand Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.90 annualized dividend and a dividend yield of 3.49%. Hillenbrand’s dividend payout ratio (DPR) is -28.66%.

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.