Hillenbrand, Inc. (NYSE:HI) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in shares of Hillenbrand, Inc. (NYSE:HI) by 128.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 183,109 shares of the company’s stock after buying an additional 102,916 shares during the period. JPMorgan Chase & Co.’s holdings in Hillenbrand were worth $5,636,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. R Squared Ltd purchased a new stake in Hillenbrand during the fourth quarter worth $27,000. YANKCOM Partnership acquired a new stake in Hillenbrand in the 4th quarter valued at about $30,000. GAMMA Investing LLC increased its holdings in Hillenbrand by 107.5% during the 4th quarter. GAMMA Investing LLC now owns 1,185 shares of the company’s stock valued at $36,000 after acquiring an additional 614 shares in the last quarter. Tompkins Financial Corp acquired a new position in Hillenbrand during the fourth quarter worth about $54,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Hillenbrand by 161.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,842 shares of the company’s stock valued at $57,000 after purchasing an additional 1,138 shares during the last quarter. 89.09% of the stock is owned by institutional investors and hedge funds.

Hillenbrand Trading Up 0.6 %

Shares of HI stock opened at $20.52 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -6.54 and a beta of 1.46. The firm has a 50-day moving average price of $26.19 and a 200 day moving average price of $29.44. Hillenbrand, Inc. has a twelve month low of $18.36 and a twelve month high of $49.95.

Hillenbrand (NYSE:HI) last released its earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm earned $0.69 EPS. Research analysts forecast that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.39%. Hillenbrand’s dividend payout ratio (DPR) is -28.66%.

Analysts Set New Price Targets

Separately, StockNews.com cut Hillenbrand from a “buy” rating to a “hold” rating in a report 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.