Principal Financial Group Inc. Has $10.51 Million Position in Hillenbrand, Inc. (NYSE:HI)

Principal Financial Group Inc. increased its holdings in shares of Hillenbrand, Inc. (NYSE:HI) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 341,358 shares of the company’s stock after buying an additional 9,755 shares during the period. Principal Financial Group Inc.’s holdings in Hillenbrand were worth $10,507,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HI. R Squared Ltd acquired a new stake in Hillenbrand during the 4th quarter worth approximately $27,000. YANKCOM Partnership acquired a new stake in Hillenbrand during the 4th quarter worth approximately $30,000. GAMMA Investing LLC boosted its position 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 buying an additional 614 shares during the period. Kennebec Savings Bank acquired a new stake in Hillenbrand during the 3rd quarter worth approximately $48,000. Finally, Tompkins Financial Corp acquired a new stake in Hillenbrand during the 4th quarter worth approximately $54,000. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HI has been the subject of several analyst reports. DA Davidson restated a “neutral” rating and set a $33.00 price target on shares of Hillenbrand in a report on Friday, November 15th. StockNews.com lowered shares of Hillenbrand from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, KeyCorp lowered their price target on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 14th.

Hillenbrand Stock Performance

NYSE:HI opened at $29.86 on Friday. The company has a fifty day moving average of $32.43 and a 200-day moving average of $31.00. The firm has a market capitalization of $2.10 billion, a P/E ratio of -9.51 and a beta of 1.43. 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 $25.11 and a twelve month high of $50.58.

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 negative net margin of 7.12% and a positive return on equity of 15.00%. During the same period last year, the company posted $0.69 earnings per share. As a group, sell-side analysts anticipate that Hillenbrand, Inc. will post 2.53 EPS for the current year.

Hillenbrand Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid 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 yield of 3.01%. Hillenbrand’s dividend payout ratio (DPR) is presently -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.