Vanguard Group Inc. Has $266.75 Million Stock Position in Hillenbrand, Inc. (NYSE:HI)

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

Several other large investors have also recently added to or reduced their stakes in HI. R Squared Ltd bought a new stake in shares of Hillenbrand during the fourth quarter worth $27,000. YANKCOM Partnership bought a new stake in Hillenbrand during the 4th quarter worth about $30,000. GAMMA Investing LLC grew its holdings in Hillenbrand by 107.5% during the 4th quarter. GAMMA Investing LLC now owns 1,185 shares of the company’s stock worth $36,000 after acquiring an additional 614 shares during the last quarter. Tompkins Financial Corp acquired a new stake in Hillenbrand in the 4th quarter valued at about $54,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Hillenbrand by 161.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,842 shares of the company’s stock worth $57,000 after acquiring an additional 1,138 shares during the last quarter. 89.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Hillenbrand Trading Down 7.9 %

Shares of NYSE HI opened at $19.86 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.33. Hillenbrand, Inc. has a twelve month low of $19.12 and a twelve month high of $50.06. The company’s fifty day moving average is $29.18 and its 200-day moving average is $29.99. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of -6.32 and a beta of 1.46.

Hillenbrand (NYSE:HI) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.56 earnings per share for the quarter, beating 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 quarter in the previous year, the firm posted $0.69 EPS. Equities research analysts predict that Hillenbrand, Inc. will post 2.53 EPS for the current year.

Hillenbrand Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.225 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.53%. Hillenbrand’s dividend payout ratio (DPR) is -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.