Hillenbrand, Inc. (NYSE:HI) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in Hillenbrand, Inc. (NYSE:HI - Free Report) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,666,374 shares of the company's stock after purchasing an additional 59,311 shares during the period. Vanguard Group Inc. owned approximately 12.31% of Hillenbrand worth $266,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Jane Street Group LLC grew its stake in shares of 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 period. Charles Schwab Investment Management Inc. lifted its holdings in Hillenbrand by 10.8% in 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 acquiring an additional 105,865 shares during the last quarter. State Street Corp grew its position in Hillenbrand by 0.7% in 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 during the period. Channing Capital Management LLC acquired a new stake in Hillenbrand during the fourth quarter worth $20,648,000. Finally, Amundi raised its position in Hillenbrand by 186.2% in the fourth quarter. Amundi now owns 35,382 shares of the company's stock valued at $1,100,000 after purchasing an additional 23,019 shares during the period. Institutional investors and hedge funds own 89.09% of the company's stock.

Wall Street Analysts Forecast Growth

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

Hillenbrand Trading Up 20.4 %

Hillenbrand stock traded up $3.96 during midday trading on Wednesday, reaching $23.40. 701,804 shares of the stock traded hands, compared to its average volume of 449,031. 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 firm has a market cap of $1.65 billion, a PE ratio of -7.45 and a beta of 1.46. The company has a 50-day simple moving average of $27.90 and a two-hundred day simple moving average of $29.77. Hillenbrand, Inc. has a 12-month low of $16.34 and a 12-month high of $49.95.

Hillenbrand (NYSE:HI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share 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 quarter in the prior year, the company posted $0.69 EPS. Research analysts expect that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend was Friday, March 14th. Hillenbrand's dividend 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.