Hillenbrand, Inc. (NYSE:HI) Shares Purchased by Amundi

Amundi lifted its position in Hillenbrand, Inc. (NYSE:HI) by 186.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 35,382 shares of the company’s stock after acquiring an additional 23,019 shares during the period. Amundi’s holdings in Hillenbrand were worth $1,100,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HI. Wilmington Savings Fund Society FSB acquired a new stake in shares of Hillenbrand in the third quarter worth approximately $17,178,000. Raymond James Financial Inc. acquired a new position in Hillenbrand during the fourth quarter worth $7,782,000. New York State Common Retirement Fund boosted its stake in Hillenbrand by 131.4% during the fourth quarter. New York State Common Retirement Fund now owns 279,045 shares of the company’s stock worth $8,589,000 after buying an additional 158,464 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Hillenbrand during the third quarter worth $4,368,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Hillenbrand by 10.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,084,818 shares of the company’s stock worth $33,391,000 after buying an additional 105,865 shares during the last quarter. 89.09% of the stock is owned by institutional investors and hedge funds.

Hillenbrand Stock Performance

Shares of Hillenbrand stock opened at $24.96 on Wednesday. Hillenbrand, Inc. has a 52 week low of $24.64 and a 52 week high of $50.58. The business’s fifty day simple moving average is $31.40 and its 200-day simple moving average is $30.37. The firm has a market cap of $1.76 billion, a PE ratio of -7.95 and a beta of 1.41. 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 (NYSE:HI) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 EPS 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 period last year, the firm posted $0.69 EPS. Equities analysts forecast that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.90 annualized dividend and a dividend yield of 3.61%. Hillenbrand’s dividend payout ratio is presently -28.66%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Hillenbrand from a “buy” rating to a “hold” rating in a research note 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.