Raymond James Financial Inc. Acquires New Position in Hillenbrand, Inc. (NYSE:HI)

Raymond James Financial Inc. bought a new position in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 252,831 shares of the company's stock, valued at approximately $7,782,000. Raymond James Financial Inc. owned 0.36% of Hillenbrand at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Hillenbrand by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 8,666,374 shares of the company's stock worth $266,751,000 after purchasing an additional 59,311 shares in the last quarter. Geode Capital Management LLC boosted 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. increased its stake in Hillenbrand by 10.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,818 shares of the company's stock worth $33,391,000 after buying an additional 105,865 shares in the last quarter. William Blair Investment Management LLC raised 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 valued at $24,090,000 after acquiring an additional 14,256 shares during the period. Finally, Channing Capital Management LLC purchased a new position in shares of Hillenbrand in the fourth quarter valued at about $20,648,000. Hedge funds and other institutional investors own 89.09% of the company's stock.

Analysts Set New Price Targets

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

Hillenbrand Price Performance

HI stock opened at $21.09 on Wednesday. The company has a market capitalization of $1.49 billion, a PE ratio of -6.72 and a beta of 1.46. The company's fifty day moving average price is $25.66 and its 200-day moving average price is $29.37. Hillenbrand, Inc. has a one year low of $18.36 and a one year 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.

Hillenbrand (NYSE:HI - Get Free Report) last announced 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 negative net margin of 7.12% and a positive return on equity of 15.00%. During the same period in the previous year, the company posted $0.69 EPS. On average, equities analysts anticipate that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.

Hillenbrand Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.27%. The ex-dividend date was Friday, March 14th. Hillenbrand's dividend payout ratio is presently -28.66%.

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.

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