Victory Capital Management Inc. Has $78.83 Million Position in Hillenbrand, Inc. (NYSE:HI)

Victory Capital Management Inc. trimmed its position in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,561,220 shares of the company's stock after selling 312,069 shares during the quarter. Victory Capital Management Inc. owned approximately 3.64% of Hillenbrand worth $78,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. State Street Corp lifted its stake in Hillenbrand by 0.7% in the third quarter. State Street Corp now owns 2,739,689 shares of the company's stock valued at $76,163,000 after acquiring an additional 19,546 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Hillenbrand by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company's stock valued at $44,565,000 after purchasing an additional 6,682 shares during the last quarter. Charles Schwab Investment Management Inc. boosted 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 worth $33,391,000 after purchasing an additional 105,865 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Hillenbrand in the third quarter worth $17,178,000. Finally, Principal Financial Group Inc. increased its position in Hillenbrand by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 341,358 shares of the company's stock worth $10,507,000 after buying an additional 9,755 shares during the last quarter. Institutional investors own 89.09% of the company's stock.

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Hillenbrand Stock Performance

Shares of NYSE:HI traded down $1.31 during midday trading on Monday, hitting $26.22. The company's stock had a trading volume of 434,363 shares, compared to its average volume of 410,590. Hillenbrand, Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $50.58. 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 $1.85 billion, a price-to-earnings ratio of -8.35 and a beta of 1.41. The stock's 50 day simple moving average is $32.11 and its 200 day simple moving average is $30.72.

Hillenbrand (NYSE:HI - Get Free Report) last issued 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 period in the prior year, the company posted $0.69 EPS. As a group, research analysts anticipate that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Friday, March 14th. Hillenbrand's dividend payout ratio (DPR) is presently -28.66%.

Analysts Set New Price Targets

Several research firms have recently issued reports on HI. StockNews.com downgraded Hillenbrand from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. KeyCorp lowered their price target on Hillenbrand from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Thursday, November 14th. Finally, DA Davidson reissued a "neutral" rating and issued a $33.00 price target on shares of Hillenbrand in a research report on Friday, November 15th.

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.