Charles Schwab Investment Management Inc. Has $33.39 Million Stock Holdings in Hillenbrand, Inc. (NYSE:HI)

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

Several other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Hillenbrand in the 3rd quarter valued at approximately $17,178,000. New York State Common Retirement Fund boosted its position in Hillenbrand by 131.4% in the fourth quarter. New York State Common Retirement Fund now owns 279,045 shares of the company’s stock valued at $8,589,000 after buying an additional 158,464 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Hillenbrand in the third quarter valued at approximately $4,368,000. Financial Counselors Inc. grew its stake 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 buying an additional 74,527 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Hillenbrand during the third quarter worth $1,547,000. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Hillenbrand Stock Up 1.8 %

Shares of NYSE HI opened at $25.31 on Monday. The company has a 50 day simple moving average of $31.62 and a 200 day simple moving average of $30.47. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.86. Hillenbrand, Inc. has a 1 year low of $24.64 and a 1 year high of $50.58. The firm has a market cap of $1.78 billion, a PE ratio of -8.06 and a beta of 1.41.

Hillenbrand (NYSE:HI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share (EPS) 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 quarter in the prior year, the company earned $0.69 earnings per share. On average, research analysts forecast 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. Shareholders of record on Friday, March 14th will be given a $0.225 dividend. 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 dividend payout ratio (DPR) is presently -28.66%.

Analysts Set New Price Targets

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

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.