670,825 Shares in Hillenbrand, Inc. (NYSE:HI) Purchased by Channing Capital Management LLC

Channing Capital Management LLC purchased a new stake in shares of Hillenbrand, Inc. (NYSE:HI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 670,825 shares of the company’s stock, valued at approximately $20,648,000. Channing Capital Management LLC owned about 0.95% of Hillenbrand as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HI. Amundi raised its stake in shares of Hillenbrand by 186.2% in the fourth quarter. Amundi now owns 35,382 shares of the company’s stock valued at $1,100,000 after acquiring an additional 23,019 shares during the last quarter. Inceptionr LLC acquired a new stake in Hillenbrand during the 4th quarter valued at $330,000. Raymond James Financial Inc. bought a new position in Hillenbrand in the 4th quarter valued at $7,782,000. Verdence Capital Advisors LLC acquired a new position in Hillenbrand in the fourth quarter worth $218,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Hillenbrand during the fourth quarter worth $1,013,000. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Hillenbrand Trading Down 4.8 %

HI stock opened at $26.22 on Tuesday. 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. The company has a market cap of $1.85 billion, a P/E ratio of -8.35 and a beta of 1.41. The business has a fifty day moving average of $32.02 and a 200-day moving average of $30.67.

Hillenbrand (NYSE:HI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.56 earnings per share for the quarter, topping 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 quarter in the previous year, the company posted $0.69 earnings per share. As a group, equities research analysts expect that Hillenbrand, Inc. will post 2.53 EPS for the current year.

Hillenbrand Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Friday, March 14th. Hillenbrand’s dividend payout ratio is presently -28.66%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. DA Davidson reaffirmed a “neutral” rating and issued a $33.00 price target on shares of Hillenbrand in a report on Friday, November 15th. KeyCorp dropped their target price on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. Finally, StockNews.com cut shares of 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.