Knowledge Leaders Capital LLC bought a new position in shares of Hillenbrand, Inc. (NYSE:HI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 54,350 shares of the company’s stock, valued at approximately $2,429,000. Hillenbrand accounts for 2.0% of Knowledge Leaders Capital LLC’s holdings, making the stock its 24th biggest holding. Knowledge Leaders Capital LLC owned about 0.09% of Hillenbrand as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Hillenbrand by 9.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,226 shares of the company’s stock worth $116,000 after purchasing an additional 268 shares during the period. Acrospire Investment Management LLC raised its holdings in shares of Hillenbrand by 164.2% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,701 shares of the company’s stock worth $134,000 after purchasing an additional 2,300 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Hillenbrand by 6.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,771 shares of the company’s stock worth $136,000 after purchasing an additional 230 shares during the period. Riverhead Capital Management LLC raised its holdings in shares of Hillenbrand by 63.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,896 shares of the company’s stock worth $177,000 after purchasing an additional 1,896 shares during the period. Finally, Everence Capital Management Inc. purchased a new position in shares of Hillenbrand in the 3rd quarter worth about $200,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.
Hillenbrand, Inc. (HI) traded down $0.30 during trading on Tuesday, hitting $44.50. The stock had a trading volume of 229,682 shares, compared to its average volume of 266,110. The stock has a market cap of $2,800.00, a P/E ratio of 22.59 and a beta of 1.41. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58. Hillenbrand, Inc. has a 52 week low of $34.65 and a 52 week high of $46.50.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were paid a $0.2075 dividend. The ex-dividend date was Friday, December 15th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.87%. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.21. Hillenbrand’s dividend payout ratio (DPR) is 42.13%.
In other news, SVP Diane R. Bohman sold 6,873 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $43.50, for a total value of $298,975.50. Following the completion of the sale, the senior vice president now owns 36,544 shares in the company, valued at $1,589,664. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joe Anthony Raver sold 34,565 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $43.25, for a total value of $1,494,936.25. The disclosure for this sale can be found here. 1.81% of the stock is currently owned by company insiders.
A number of equities analysts have recently commented on the company. Zacks Investment Research downgraded Hillenbrand from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. ValuEngine upgraded Hillenbrand from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. B. Riley restated a “buy” rating and issued a $50.00 price objective on shares of Hillenbrand in a report on Monday, December 18th. Finally, Capital One Financial assumed coverage on Hillenbrand in a report on Monday, October 23rd. They issued an “equal weight” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Hillenbrand has a consensus rating of “Hold” and an average target price of $50.50.
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Hillenbrand Company Profile
Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
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