Ameriprise Financial Inc. Raises Holdings in Hillenbrand, Inc. (NYSE:HI)

Ameriprise Financial Inc. increased its position in Hillenbrand, Inc. (NYSE:HI - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 275,679 shares of the company's stock after acquiring an additional 16,027 shares during the period. Ameriprise Financial Inc. owned approximately 0.39% of Hillenbrand worth $8,485,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Hillenbrand in the 4th quarter worth approximately $27,000. YANKCOM Partnership acquired a new stake in shares of Hillenbrand in the 4th quarter worth approximately $30,000. Sterling Capital Management LLC grew its holdings in Hillenbrand by 712.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,520 shares of the company's stock valued at $47,000 after buying an additional 1,333 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Hillenbrand by 161.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,842 shares of the company's stock valued at $57,000 after buying an additional 1,138 shares during the last quarter. Finally, KBC Group NV grew its holdings in Hillenbrand by 50.2% during the 4th quarter. KBC Group NV now owns 3,400 shares of the company's stock valued at $105,000 after buying an additional 1,137 shares during the last quarter. Institutional investors and hedge funds own 89.09% of the company's stock.

Analyst Ratings Changes

HI has been the topic of a number of analyst reports. DA Davidson lowered their target price on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. KeyCorp cut Hillenbrand from an "overweight" rating to a "sector weight" rating in a report on Thursday, May 8th. Finally, Wall Street Zen cut Hillenbrand from a "buy" rating to a "hold" rating in a report on Thursday, February 6th.

Hillenbrand Price Performance

NYSE:HI traded down $0.49 during trading hours on Monday, reaching $18.78. 544,646 shares of the company traded hands, compared to its average volume of 486,845. The firm's 50-day moving average is $21.89 and its 200-day moving average is $28.23. The stock has a market cap of $1.32 billion, a P/E ratio of -5.98 and a beta of 1.56. 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 $18.36 and a 1-year high of $46.92.

Hillenbrand (NYSE:HI - Get Free Report) last issued its quarterly 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 positive return on equity of 15.00% and a negative net margin of 7.12%. The company had revenue of $715.90 million for the quarter, compared to analyst estimates of $691.00 million. During the same quarter in the prior year, the company posted $0.76 EPS. The business's revenue for the quarter was down 8.8% compared to the same quarter last year. Equities research analysts expect that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Announces Dividend

The firm 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 dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend is Monday, June 16th. Hillenbrand's dividend payout ratio is presently -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.