Charles Schwab Investment Management Inc. Boosts Holdings in Hillenbrand, Inc. (NYSE:HI)

Charles Schwab Investment Management Inc. boosted its position in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) by 10.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,084,818 shares of the company's stock after buying an additional 105,865 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.54% of Hillenbrand worth $33,391,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp grew its position in shares of Hillenbrand by 0.5% in the 4th quarter. Fifth Third Bancorp now owns 80,208 shares of the company's stock worth $2,469,000 after buying an additional 387 shares during the last quarter. KBC Group NV boosted its holdings in Hillenbrand by 32.2% in the third quarter. KBC Group NV now owns 2,263 shares of the company's stock valued at $63,000 after acquiring an additional 551 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in Hillenbrand by 3.8% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 16,657 shares of the company's stock valued at $463,000 after purchasing an additional 603 shares during the period. GAMMA Investing LLC raised its holdings in Hillenbrand by 107.5% in the 4th quarter. GAMMA Investing LLC now owns 1,185 shares of the company's stock worth $36,000 after purchasing an additional 614 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Hillenbrand in the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 89.09% of the company's stock.

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Hillenbrand Stock Up 0.1 %

HI stock traded up $0.03 during midday trading on Thursday, hitting $26.16. The stock had a trading volume of 260,240 shares, compared to its average volume of 412,997. 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 firm has a market cap of $1.84 billion, a price-to-earnings ratio of -8.38 and a beta of 1.41. The business has a 50-day moving average of $31.30 and a two-hundred day moving average of $30.34. Hillenbrand, Inc. has a 52-week low of $24.64 and a 52-week high of $50.58.

Hillenbrand (NYSE:HI - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. Hillenbrand had a negative net margin of 7.12% and a positive return on equity of 15.00%. During the same period in the prior year, the firm posted $0.69 EPS. As a group, equities research analysts forecast that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.225 per share. The ex-dividend date is Friday, March 14th. This represents a $0.90 annualized dividend and a dividend yield of 3.44%. Hillenbrand's payout ratio is -28.66%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Hillenbrand from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th.

About Hillenbrand

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.