Brown Brothers Harriman & Co. Grows Stock Holdings in Hillenbrand, Inc. (NYSE:HI)

Brown Brothers Harriman & Co. raised its holdings in shares of Hillenbrand, Inc. (NYSE:HI) by 8.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,500 shares of the company’s stock after acquiring an additional 1,100 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Hillenbrand were worth $416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in HI. Vanguard Group Inc. lifted its holdings in shares of Hillenbrand by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 8,666,374 shares of the company’s stock worth $266,751,000 after buying an additional 59,311 shares in the last quarter. State Street Corp lifted its stake in Hillenbrand by 0.7% in the 3rd quarter. State Street Corp now owns 2,739,689 shares of the company’s stock worth $76,163,000 after purchasing an additional 19,546 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Hillenbrand by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company’s stock valued at $44,565,000 after purchasing an additional 6,682 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Hillenbrand by 10.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,818 shares of the company’s stock valued at $33,391,000 after purchasing an additional 105,865 shares in the last quarter. Finally, William Blair Investment Management LLC increased its holdings in shares of Hillenbrand by 1.9% in the fourth quarter. William Blair Investment Management LLC now owns 782,667 shares of the company’s stock worth $24,090,000 after purchasing an additional 14,256 shares during the period. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Hillenbrand Trading Down 3.1 %

Shares of Hillenbrand stock opened at $24.19 on Tuesday. 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 $23.81 and a 1 year high of $50.58. The firm has a market cap of $1.70 billion, a PE ratio of -7.70 and a beta of 1.41. The company has a 50 day simple moving average of $30.19 and a two-hundred day simple moving average of $30.16.

Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping 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 firm earned $0.69 earnings per share. Analysts expect that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.225 per share. The ex-dividend date was Friday, March 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.72%. Hillenbrand’s dividend payout ratio is -28.66%.

Analysts Set New Price Targets

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.