Amundi Acquires 23,019 Shares of Hillenbrand, Inc. (NYSE:HI)

Amundi increased its stake in Hillenbrand, Inc. (NYSE:HI - Free Report) by 186.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,382 shares of the company's stock after purchasing an additional 23,019 shares during the quarter. Amundi owned 0.05% of Hillenbrand worth $1,100,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Hillenbrand during the 3rd quarter worth $17,178,000. Raymond James Financial Inc. purchased a new position in shares of Hillenbrand during the 4th quarter worth $7,782,000. New York State Common Retirement Fund boosted its stake in shares of Hillenbrand by 131.4% during the 4th quarter. New York State Common Retirement Fund now owns 279,045 shares of the company's stock worth $8,589,000 after acquiring an additional 158,464 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of Hillenbrand during the 3rd quarter worth $4,368,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Hillenbrand by 10.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,818 shares of the company's stock worth $33,391,000 after acquiring an additional 105,865 shares during the last quarter. Hedge funds and other institutional investors own 89.09% of the company's stock.

Hillenbrand Price Performance

Shares of HI traded down $0.47 during trading hours on Friday, reaching $25.75. 1,208,818 shares of the stock traded hands, compared to its average volume of 417,518. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. Hillenbrand, Inc. has a 52-week low of $24.64 and a 52-week high of $50.58. The company's 50-day moving average price is $31.10 and its two-hundred day moving average price is $30.26. The company has a market cap of $1.81 billion, a P/E ratio of -8.20 and a beta of 1.41.

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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, beating 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 quarter in the previous year, the business posted $0.69 EPS. On average, analysts anticipate that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.225 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.90 dividend on an annualized basis and a yield of 3.49%. Hillenbrand's dividend payout ratio is currently -28.66%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of 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.