Ramsey Quantitative Systems Acquires New Position in Hillenbrand, Inc. (HI)

Ramsey Quantitative Systems acquired a new stake in shares of Hillenbrand, Inc. (NYSE:HI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,652 shares of the company’s stock, valued at approximately $342,000.

A number of other hedge funds have also recently bought and sold shares of the business. Harvest Fund Management Co. Ltd acquired a new position in shares of Hillenbrand in the 4th quarter valued at about $110,000. Public Employees Retirement System of Ohio increased 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 valued at $136,000 after purchasing an additional 230 shares during the period. Bessemer Group Inc. acquired a new position in shares of Hillenbrand in the 4th quarter valued at about $183,000. Everence Capital Management Inc. acquired a new position in shares of Hillenbrand in the 3rd quarter valued at about $200,000. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of Hillenbrand by 9.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,560 shares of the company’s stock valued at $201,000 after purchasing an additional 460 shares during the period. 76.07% of the stock is owned by institutional investors.

In related news, VP Eric M. Teegarden sold 5,177 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $44.49, for a total value of $230,324.73. Following the transaction, the vice president now owns 3,531 shares in the company, valued at $157,094.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.81% of the company’s stock.

HI has been the topic of a number of research reports. ValuEngine upgraded Hillenbrand from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. B. Riley reiterated a “buy” rating and issued a $50.00 target price on shares of Hillenbrand in a report on Monday, December 18th. Finally, Zacks Investment Research upgraded Hillenbrand from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $51.50.

Hillenbrand, Inc. (NYSE HI) opened at $45.00 on Thursday. The firm has a market capitalization of $2,814.34, a PE ratio of 20.11 and a beta of 1.31. Hillenbrand, Inc. has a twelve month low of $34.65 and a twelve month high of $46.50. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.62.

Hillenbrand (NYSE:HI) last released its quarterly earnings data on Wednesday, January 31st. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. Hillenbrand had a return on equity of 19.51% and a net margin of 7.52%. The firm had revenue of $397.20 million for the quarter, compared to the consensus estimate of $384.30 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. sell-side analysts forecast that Hillenbrand, Inc. will post 2.36 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be issued a $0.2075 dividend. The ex-dividend date is Thursday, March 15th. This represents a $0.83 dividend on an annualized basis and a yield of 1.84%. Hillenbrand’s dividend payout ratio is currently 43.23%.

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Hillenbrand 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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Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

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