Dimensional Fund Advisors LP Buys 111,953 Shares of Hillenbrand, Inc. (NYSE:HI)

Dimensional Fund Advisors LP increased its position in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,563,412 shares of the company's stock after buying an additional 111,953 shares during the period. Dimensional Fund Advisors LP owned 3.64% of Hillenbrand worth $78,902,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Hillenbrand by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 8,666,374 shares of the company's stock valued at $266,751,000 after acquiring an additional 59,311 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Hillenbrand by 10.8% in 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 during the period. William Blair Investment Management LLC grew its holdings in Hillenbrand by 1.9% in the 4th quarter. William Blair Investment Management LLC now owns 782,667 shares of the company's stock valued at $24,090,000 after buying an additional 14,256 shares in the last quarter. Channing Capital Management LLC acquired a new stake in shares of Hillenbrand during the fourth quarter worth $20,648,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Hillenbrand during the third quarter worth $17,178,000. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Hillenbrand from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th.

Hillenbrand Stock Performance

HI opened at $22.63 on Wednesday. The firm has a market cap of $1.59 billion, a P/E ratio of -7.21 and a beta of 1.46. The business's fifty day moving average is $24.48 and its 200-day moving average is $29.24. Hillenbrand, Inc. has a 52-week low of $18.36 and a 52-week high of $49.29. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.34.

Hillenbrand (NYSE:HI - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.60 EPS for the quarter, beating the consensus estimate 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 last year, the firm earned $0.76 EPS. The business's quarterly revenue was down 8.8% compared to the same quarter last year. Sell-side analysts expect that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.

Hillenbrand Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 3.98%. The ex-dividend date was Friday, March 14th. Hillenbrand's payout ratio is presently -28.66%.

About Hillenbrand

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.

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