Dimensional Fund Advisors LP Grows Position in Hillenbrand, Inc. (NYSE:HI)

Dimensional Fund Advisors LP increased its holdings in Hillenbrand, Inc. (NYSE:HI - Free Report) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,563,412 shares of the company's stock after purchasing an additional 111,953 shares during the period. Dimensional Fund Advisors LP owned approximately 3.64% of Hillenbrand worth $78,902,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC lifted its stake in shares of Hillenbrand by 17.9% in the 3rd quarter. Barclays PLC now owns 318,078 shares of the company's stock valued at $8,841,000 after purchasing an additional 48,230 shares during the last quarter. SkyView Investment Advisors LLC lifted its position in Hillenbrand by 4.5% in the third quarter. SkyView Investment Advisors LLC now owns 20,490 shares of the company's stock worth $570,000 after buying an additional 891 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Hillenbrand during the third quarter worth $17,178,000. GAMMA Investing LLC increased its position in Hillenbrand by 107.5% during the fourth quarter. GAMMA Investing LLC now owns 1,185 shares of the company's stock valued at $36,000 after acquiring an additional 614 shares during the last quarter. Finally, Matrix Trust Co raised its stake in shares of Hillenbrand by 546.7% in the fourth quarter. Matrix Trust Co now owns 5,775 shares of the company's stock valued at $178,000 after acquiring an additional 4,882 shares during the period. Hedge funds and other institutional investors own 89.09% of the company's stock.

Hillenbrand Trading Down 1.7 %

Shares of HI traded down $0.37 during trading hours on Monday, reaching $20.95. 62,250 shares of the company traded hands, compared to its average volume of 471,479. The stock's fifty day moving average price is $23.91 and its 200 day moving average price is $29.11. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of -6.68 and a beta of 1.56. Hillenbrand, Inc. has a 12-month low of $18.36 and a 12-month high of $46.92.

Hillenbrand (NYSE:HI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.06. The company had revenue of $715.90 million during the quarter, compared to analyst estimates of $691.00 million. Hillenbrand had a negative net margin of 7.12% and a positive return on equity of 15.00%. The firm's revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter last year, the business posted $0.76 EPS. Sell-side analysts forecast that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.225 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.90 annualized dividend and a yield of 4.30%. Hillenbrand's dividend payout ratio (DPR) is currently -23.62%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. 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 report on Thursday. StockNews.com cut 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.