Charles Schwab Investment Management Inc. Acquires 105,865 Shares of Hillenbrand, Inc. (NYSE:HI)

Charles Schwab Investment Management Inc. raised its holdings in shares of Hillenbrand, Inc. (NYSE:HI) by 10.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,084,818 shares of the company’s stock after purchasing an additional 105,865 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.54% of Hillenbrand worth $33,391,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GSA Capital Partners LLP acquired a new stake in shares of Hillenbrand during the 3rd quarter worth about $627,000. Jane Street Group LLC raised its holdings in 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 acquiring an additional 33,117 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Hillenbrand by 284.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,995 shares of the company’s stock worth $611,000 after acquiring an additional 16,274 shares during the last quarter. Financial Counselors Inc. boosted its holdings in shares of Hillenbrand by 30.1% during the third quarter. Financial Counselors Inc. now owns 322,252 shares of the company’s stock worth $8,959,000 after acquiring an additional 74,527 shares during the period. Finally, State Street Corp grew its position in shares of 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 purchasing an additional 19,546 shares during the last quarter. 89.09% of the stock is owned by institutional investors.

Hillenbrand Price Performance

Shares of Hillenbrand stock opened at $25.31 on Monday. 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 stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of -8.06 and a beta of 1.41. Hillenbrand, Inc. has a twelve month low of $24.64 and a twelve month high of $50.58. The company has a 50-day simple moving average of $31.62 and a two-hundred day simple moving average of $30.47.

Hillenbrand (NYSE:HI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share 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 in the prior year, the business earned $0.69 earnings per share. Analysts forecast that Hillenbrand, Inc. will post 2.53 EPS for the current year.

Hillenbrand Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.56%. Hillenbrand’s payout ratio is -28.66%.

Wall Street Analyst Weigh In

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

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.