Raymond James Financial Inc. acquired a new stake in Hillenbrand, Inc. (NYSE:HI - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 252,831 shares of the company's stock, valued at approximately $7,782,000. Raymond James Financial Inc. owned about 0.36% of Hillenbrand as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Jane Street Group LLC increased its stake in Hillenbrand by 19.3% in the 3rd quarter. Jane Street Group LLC now owns 205,053 shares of the company's stock valued at $5,700,000 after buying an additional 33,117 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Hillenbrand by 284.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,995 shares of the company's stock valued at $611,000 after acquiring an additional 16,274 shares during the last quarter. Financial Counselors Inc. raised its holdings 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 acquiring an additional 74,527 shares in the last quarter. State Street Corp raised its holdings in Hillenbrand by 0.7% during 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Hillenbrand by 10.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,084,818 shares of the company's stock valued at $33,391,000 after purchasing an additional 105,865 shares during the last quarter. Institutional investors own 89.09% of the company's stock.
Hillenbrand Stock Performance
Shares of HI traded up $0.12 during midday trading on Wednesday, reaching $26.04. The stock had a trading volume of 290,039 shares, compared to its average volume of 418,528. The firm has a market cap of $1.83 billion, a PE ratio of -8.29 and a beta of 1.41. The firm has a 50 day simple moving average of $30.86 and a 200-day simple moving average of $30.20. Hillenbrand, Inc. has a one year low of $24.64 and a one year high of $50.58. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33.
Hillenbrand (NYSE:HI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 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 earned $0.69 earnings per share. As a group, sell-side analysts anticipate that Hillenbrand, Inc. will post 2.53 EPS for the current year.
Hillenbrand Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date is Friday, March 14th. Hillenbrand's dividend payout ratio (DPR) is presently -28.66%.
Analyst Ratings Changes
Separately, StockNews.com lowered Hillenbrand from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th.
Get Our Latest Research Report on HI
About Hillenbrand
(
Free Report)
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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