Wealthfront Advisers LLC Invests $1.87 Million in Hillenbrand, Inc. (NYSE:HI)

Wealthfront Advisers LLC acquired a new position in Hillenbrand, Inc. (NYSE:HI) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 60,791 shares of the company’s stock, valued at approximately $1,871,000. Wealthfront Advisers LLC owned approximately 0.09% of Hillenbrand as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp raised its stake in shares of Hillenbrand by 0.5% in the 4th quarter. Fifth Third Bancorp now owns 80,208 shares of the company’s stock worth $2,469,000 after buying an additional 387 shares in the last quarter. KBC Group NV raised its stake in shares of Hillenbrand by 32.2% in the 3rd quarter. KBC Group NV now owns 2,263 shares of the company’s stock worth $63,000 after buying an additional 551 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of Hillenbrand by 3.8% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 16,657 shares of the company’s stock worth $463,000 after buying an additional 603 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Hillenbrand by 107.5% in the 4th quarter. GAMMA Investing LLC now owns 1,185 shares of the company’s stock worth $36,000 after buying an additional 614 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Hillenbrand in the 4th quarter worth $27,000. Institutional investors own 89.09% of the company’s stock.

Hillenbrand Stock Performance

Shares of NYSE HI opened at $25.31 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of -8.06 and a beta of 1.41. The stock’s fifty day simple moving average is $31.62 and its 200 day simple moving average is $30.50. Hillenbrand, Inc. has a 52-week low of $24.64 and a 52-week high of $50.58.

Hillenbrand (NYSE:HI) last issued its earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the business posted $0.69 EPS. As a group, sell-side analysts forecast that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Dividend Announcement

The firm also recently declared 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 is Friday, March 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.56%. Hillenbrand’s dividend payout ratio is -28.66%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. DA Davidson reissued a “neutral” rating and issued a $33.00 price objective on shares of Hillenbrand in a research note on Friday, November 15th. StockNews.com cut 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.