Principal Financial Group Inc. Purchases 9,755 Shares of Hillenbrand, Inc. (NYSE:HI)

Principal Financial Group Inc. increased its position in Hillenbrand, Inc. (NYSE:HI - Free Report) by 2.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 341,358 shares of the company's stock after purchasing an additional 9,755 shares during the period. Principal Financial Group Inc. owned 0.48% of Hillenbrand worth $10,507,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in Hillenbrand in the 3rd quarter worth approximately $627,000. Jane Street Group LLC raised its position in Hillenbrand by 19.3% during the third quarter. Jane Street Group LLC now owns 205,053 shares of the company's stock valued at $5,700,000 after acquiring an additional 33,117 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Hillenbrand by 284.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,995 shares of the company's stock valued at $611,000 after purchasing an additional 16,274 shares during the last quarter. Financial Counselors Inc. boosted its position in Hillenbrand by 30.1% during the third quarter. Financial Counselors Inc. now owns 322,252 shares of the company's stock worth $8,959,000 after purchasing an additional 74,527 shares during the period. Finally, State Street Corp grew its stake in shares of Hillenbrand by 0.7% in the third quarter. State Street Corp now owns 2,739,689 shares of the company's stock worth $76,163,000 after acquiring an additional 19,546 shares during the last quarter. 89.09% of the stock is owned by institutional investors and hedge funds.

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Hillenbrand Trading Down 1.0 %

Shares of NYSE HI traded down $0.28 during trading on Tuesday, reaching $27.31. The company had a trading volume of 165,062 shares, compared to its average volume of 448,840. The company's fifty day moving average price is $32.38 and its 200-day moving average price is $30.89. Hillenbrand, Inc. has a 12 month low of $25.11 and a 12 month high of $50.58. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.33. The stock has a market cap of $1.92 billion, a P/E ratio of -8.72 and a beta of 1.43.

Hillenbrand (NYSE:HI - Get Free Report) last announced its quarterly earnings data 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 in the prior year, the firm posted $0.69 earnings per share. As a group, research analysts expect that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.30%. Hillenbrand's dividend payout ratio (DPR) is currently -28.66%.

Analysts Set New Price Targets

Several brokerages have recently commented on HI. KeyCorp reduced their target price on shares of Hillenbrand from $45.00 to $40.00 and set an "overweight" rating on the stock in a research note on Thursday, November 14th. DA Davidson reissued a "neutral" rating and set a $33.00 price target on shares of Hillenbrand in a research report on Friday, November 15th. Finally, StockNews.com lowered 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.