105,995 Shares in Hillenbrand, Inc. (NYSE:HI) Purchased by Norges Bank

Norges Bank acquired a new stake in Hillenbrand, Inc. (NYSE:HI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 105,995 shares of the company's stock, valued at approximately $3,263,000. Norges Bank owned approximately 0.15% of Hillenbrand as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in HI. R Squared Ltd purchased a new stake in shares of Hillenbrand during the 4th quarter worth $27,000. YANKCOM Partnership acquired a new position in shares of Hillenbrand during the 4th quarter worth about $30,000. GAMMA Investing LLC increased its holdings in shares of Hillenbrand by 107.5% in 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 during the last quarter. Tompkins Financial Corp acquired a new stake in shares of Hillenbrand during the 4th quarter worth about $54,000. Finally, Smartleaf Asset Management LLC lifted its stake in Hillenbrand by 161.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,842 shares of the company's stock worth $57,000 after purchasing an additional 1,138 shares during the last quarter. 89.09% of the stock is owned by hedge funds and other institutional investors.

Hillenbrand Stock Performance

Shares of HI stock traded down $0.41 during mid-day trading on Monday, hitting $20.90. 350,652 shares of the stock were exchanged, compared to its average volume of 452,723. Hillenbrand, Inc. has a 12-month low of $18.36 and a 12-month high of $49.95. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.34. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -6.66 and a beta of 1.46. The stock's fifty day simple moving average is $27.41 and its two-hundred day simple moving average is $29.71.

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Hillenbrand (NYSE:HI - Get Free Report) last released its quarterly 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 last year, the business earned $0.69 EPS. On average, analysts forecast that Hillenbrand, Inc. will post 2.53 EPS for the current year.

Hillenbrand Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date was Friday, March 14th. Hillenbrand's dividend payout ratio is currently -28.66%.

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 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.