Alliancebernstein L.P. Boosts Stock Position in Hillenbrand, Inc. (NYSE:HI)

Alliancebernstein L.P. boosted its holdings in shares of Hillenbrand, Inc. (NYSE:HI) by 3.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 91,830 shares of the company’s stock after acquiring an additional 2,700 shares during the period. Alliancebernstein L.P.’s holdings in Hillenbrand were worth $2,827,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HI. Brown Brothers Harriman & Co. lifted its position in Hillenbrand by 8.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 13,500 shares of the company’s stock worth $416,000 after buying an additional 1,100 shares during the last quarter. Norges Bank bought a new stake in shares of Hillenbrand in the 4th quarter worth about $3,263,000. JPMorgan Chase & Co. boosted its stake in shares of Hillenbrand by 128.3% during the 4th quarter. JPMorgan Chase & Co. now owns 183,109 shares of the company’s stock worth $5,636,000 after purchasing an additional 102,916 shares during the period. Financial Counselors Inc. grew its holdings in Hillenbrand by 7.2% during the 4th quarter. Financial Counselors Inc. now owns 345,395 shares of the company’s stock valued at $10,631,000 after purchasing an additional 23,143 shares during the last quarter. Finally, EntryPoint Capital LLC raised its position in Hillenbrand by 28.7% in the 4th quarter. EntryPoint Capital LLC now owns 24,500 shares of the company’s stock worth $754,000 after purchasing an additional 5,466 shares during the period. Institutional investors own 89.09% of the company’s stock.

Hillenbrand Price Performance

Hillenbrand stock opened at $20.94 on Wednesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.86. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -6.67 and a beta of 1.46. The firm has a 50-day moving average of $26.94 and a two-hundred day moving average of $29.60. Hillenbrand, Inc. has a 1 year low of $18.36 and a 1 year high of $49.95.

Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating 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 last year, the business earned $0.69 earnings per share. On average, research analysts forecast that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.225 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.90 annualized dividend and a dividend yield of 4.30%. Hillenbrand’s payout ratio is currently -28.66%.

Analyst Upgrades and Downgrades

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

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.