Axa S.A. Takes $3.59 Million Position in Hillenbrand, Inc. (NYSE:HI)

AXA S.A. bought a new stake in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 116,778 shares of the company's stock, valued at approximately $3,594,000. AXA S.A. owned 0.17% of Hillenbrand as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of HI. Barclays PLC lifted its stake in Hillenbrand by 17.9% during the 3rd quarter. Barclays PLC now owns 318,078 shares of the company's stock valued at $8,841,000 after acquiring an additional 48,230 shares during the period. GAMMA Investing LLC increased its holdings in Hillenbrand by 107.5% in the 4th quarter. GAMMA Investing LLC now owns 1,185 shares of the company's stock worth $36,000 after acquiring an additional 614 shares in the last quarter. Matrix Trust Co increased its holdings in Hillenbrand by 546.7% in the 4th quarter. Matrix Trust Co now owns 5,775 shares of the company's stock worth $178,000 after acquiring an additional 4,882 shares in the last quarter. Tompkins Financial Corp purchased a new stake in Hillenbrand in the 4th quarter worth $54,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Hillenbrand during the fourth quarter worth $344,000. 89.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on HI. KeyCorp cut shares of Hillenbrand from an "overweight" rating to a "sector weight" rating in a research report on Thursday. StockNews.com lowered shares of Hillenbrand from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, DA Davidson cut their price target on shares of Hillenbrand from $33.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st.

Hillenbrand Stock Up 10.2%

Shares of HI stock traded up $2.12 during trading hours on Monday, reaching $22.93. 239,266 shares of the stock were exchanged, compared to its average volume of 477,402. The business's fifty day moving average is $23.05 and its two-hundred day moving average is $28.84. 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 12-month low of $18.36 and a 12-month high of $46.92. The firm has a market capitalization of $1.62 billion, a P/E ratio of -7.30 and a beta of 1.56.

Hillenbrand (NYSE:HI - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.06. Hillenbrand had a negative net margin of 7.12% and a positive return on equity of 15.00%. The firm had revenue of $715.90 million for the quarter, compared to analyst estimates of $691.00 million. During the same period in the prior year, the firm earned $0.76 earnings per share. The business's quarterly revenue was down 8.8% compared to the same quarter last year. As a group, research analysts expect that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.

Hillenbrand Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.225 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.90 annualized dividend and a yield of 3.92%. Hillenbrand's dividend payout ratio is currently -23.62%.

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.