PNC Financial Services Group Inc. Decreases Stock Position in Hillenbrand, Inc. (NYSE:HI)

PNC Financial Services Group Inc. decreased its position in Hillenbrand, Inc. (NYSE:HI - Free Report) by 24.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 226,105 shares of the company's stock after selling 71,808 shares during the quarter. PNC Financial Services Group Inc. owned about 0.32% of Hillenbrand worth $6,960,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

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

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Hillenbrand Trading Up 1.8 %

Shares of NYSE:HI traded up $0.44 during trading on Friday, reaching $25.31. 384,239 shares of the stock were exchanged, compared to its average volume of 411,981. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.34. Hillenbrand, Inc. has a 12-month low of $24.64 and a 12-month high of $50.58. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of -8.06 and a beta of 1.41. The firm's 50-day moving average price is $31.62 and its 200 day moving average price is $30.48.

Hillenbrand (NYSE:HI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the company posted $0.69 earnings per share. On average, sell-side analysts anticipate that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Dividend Announcement

The company 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. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Friday, March 14th. Hillenbrand's payout ratio is currently -28.66%.

Hillenbrand Company 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.