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

Principal Financial Group Inc. increased its holdings in Hillenbrand, Inc. (NYSE:HI) by 2.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 341,358 shares of the company’s stock after purchasing an additional 9,755 shares during the quarter. Principal Financial Group Inc. owned 0.48% of Hillenbrand worth $10,507,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HI. R Squared Ltd purchased a new position in shares of Hillenbrand during the fourth quarter worth about $27,000. YANKCOM Partnership acquired a new stake in shares of Hillenbrand during the 4th quarter valued at approximately $30,000. GAMMA Investing LLC lifted its position in shares of Hillenbrand by 107.5% during 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 period. Kennebec Savings Bank acquired a new position in shares of Hillenbrand during the 3rd quarter worth approximately $48,000. Finally, Tompkins Financial Corp acquired a new position in shares of Hillenbrand during the 4th quarter worth approximately $54,000. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Hillenbrand Stock Performance

Shares of HI opened at $29.86 on Friday. The company has a market capitalization of $2.10 billion, a PE ratio of -9.51 and a beta of 1.43. Hillenbrand, Inc. has a one year low of $25.11 and a one year high of $50.58. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.86. The company’s fifty day moving average price is $32.43 and its 200 day moving average price is $31.00.

Hillenbrand (NYSE:HI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates 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 period last year, the firm earned $0.69 EPS. As a group, analysts expect that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Friday, March 14th. Hillenbrand’s dividend payout ratio (DPR) is presently -28.66%.

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.