Bank of America Corp DE boosted its position in shares of Hillenbrand, Inc. (NYSE:HI) by 8.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 232,525 shares of the company’s stock after acquiring an additional 18,632 shares during the quarter. Bank of America Corp DE owned 0.37% of Hillenbrand worth $8,819,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Two Sigma Advisers LP grew its stake in shares of Hillenbrand by 19.3% in the fourth quarter. Two Sigma Advisers LP now owns 106,200 shares of the company’s stock valued at $4,028,000 after acquiring an additional 17,146 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of Hillenbrand by 542.8% in the fourth quarter. Two Sigma Investments LP now owns 151,261 shares of the company’s stock valued at $5,737,000 after acquiring an additional 127,729 shares in the last quarter. Mackay Shields LLC acquired a new position in shares of Hillenbrand in the fourth quarter valued at about $1,191,000. Menta Capital LLC grew its stake in shares of Hillenbrand by 14.6% in the fourth quarter. Menta Capital LLC now owns 29,087 shares of the company’s stock valued at $1,103,000 after acquiring an additional 3,714 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Hillenbrand by 9.5% in the fourth quarter. Geode Capital Management LLC now owns 717,955 shares of the company’s stock valued at $27,231,000 after acquiring an additional 62,073 shares in the last quarter. 77.87% of the stock is currently owned by hedge funds and other institutional investors.
HI opened at $42.62 on Tuesday. Hillenbrand, Inc. has a twelve month low of $36.22 and a twelve month high of $53.41. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.20 and a quick ratio of 0.84. The stock has a market cap of $2.68 billion, a P/E ratio of 17.54 and a beta of 1.25.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.84 annualized dividend and a yield of 1.97%. Hillenbrand’s dividend payout ratio is 34.57%.
Separately, Sidoti upgraded shares of Hillenbrand from a “neutral” rating to a “buy” rating in a research note on Thursday, January 3rd. Four equities research analysts have rated the stock with a buy rating, Hillenbrand presently has an average rating of “Buy” and a consensus price target of $59.00.
Hillenbrand Company Profile
Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.
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