William Blair Investment Management LLC Boosts Stake in Hillenbrand, Inc. (NYSE:HI)

William Blair Investment Management LLC boosted its stake in Hillenbrand, Inc. (NYSE:HI - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 782,667 shares of the company's stock after buying an additional 14,256 shares during the quarter. William Blair Investment Management LLC owned approximately 1.11% of Hillenbrand worth $24,090,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HI. R Squared Ltd acquired a new position in Hillenbrand in the 4th quarter valued at $27,000. YANKCOM Partnership acquired a new position in Hillenbrand in the 4th quarter valued at $30,000. GAMMA Investing LLC raised 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 acquiring an additional 614 shares during the last quarter. Tompkins Financial Corp acquired a new position in Hillenbrand in the 4th quarter valued at $54,000. Finally, Smartleaf Asset Management LLC raised its holdings in Hillenbrand by 161.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,842 shares of the company's stock valued at $57,000 after acquiring an additional 1,138 shares during the last quarter. Hedge funds and other institutional investors own 89.09% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Hillenbrand Trading Down 1.8 %

Shares of HI stock traded down $0.47 on Friday, reaching $25.75. 1,208,818 shares of the stock were exchanged, compared to its average volume of 417,518. The stock has a market cap of $1.81 billion, a P/E ratio of -8.20 and a beta of 1.41. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.33. The firm has a 50 day moving average of $31.10 and a two-hundred day moving average of $30.26. Hillenbrand, Inc. has a 1-year low of $24.64 and a 1-year high of $50.58.

Hillenbrand (NYSE:HI - Get Free Report) last released its quarterly earnings data 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 prior year, the business posted $0.69 earnings per share. On average, research analysts anticipate that Hillenbrand, Inc. will post 2.53 EPS for the current year.

Hillenbrand Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.90 annualized dividend and a yield of 3.49%. Hillenbrand's dividend payout ratio is currently -28.66%.

About Hillenbrand

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.