KLP Kapitalforvaltning AS Invests $465,000 in Hillenbrand, Inc. (NYSE:HI)

KLP Kapitalforvaltning AS acquired a new stake in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,100 shares of the company's stock, valued at approximately $465,000.

Other large investors have also added to or reduced their stakes in the company. State Street Corp grew its position in Hillenbrand by 0.7% during the 3rd quarter. State Street Corp now owns 2,739,689 shares of the company's stock worth $76,163,000 after purchasing an additional 19,546 shares during the last quarter. Geode Capital Management LLC increased its holdings in Hillenbrand by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company's stock worth $44,565,000 after buying an additional 6,682 shares during the period. Charles Schwab Investment Management Inc. grew its position in 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 purchasing an additional 105,865 shares during the period. William Blair Investment Management LLC boosted its holdings in Hillenbrand by 1.9% during the fourth quarter. William Blair Investment Management LLC now owns 782,667 shares of the company's stock worth $24,090,000 after buying an additional 14,256 shares in the last quarter. Finally, Channing Capital Management LLC purchased a new position in shares of Hillenbrand in the 4th quarter valued at about $20,648,000. 89.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Hillenbrand Trading Down 5.8 %

Hillenbrand stock traded down $1.20 during trading on Tuesday, hitting $19.41. The company had a trading volume of 771,926 shares, compared to its average volume of 446,883. 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 stock has a market cap of $1.37 billion, a price-to-earnings ratio of -6.18 and a beta of 1.46. The company's 50 day simple moving average is $28.33 and its 200-day simple moving average is $29.84. Hillenbrand, Inc. has a 1-year low of $18.36 and a 1-year high of $50.06.

Hillenbrand (NYSE:HI - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.56 EPS 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 previous year, the business posted $0.69 earnings per share. As a group, analysts expect that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.

Hillenbrand Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.64%. The ex-dividend date was Friday, March 14th. Hillenbrand's dividend payout ratio (DPR) is presently -28.66%.

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.