Deutsche Bank AG Raises Position in Hillenbrand, Inc. (NYSE:HI)

Deutsche Bank AG grew its holdings in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) by 18.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,576 shares of the company's stock after purchasing an additional 21,666 shares during the period. Deutsche Bank AG owned approximately 0.20% of Hillenbrand worth $4,327,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Hillenbrand by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 8,666,374 shares of the company's stock worth $266,751,000 after purchasing an additional 59,311 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in Hillenbrand by 10.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,116,444 shares of the company's stock worth $126,704,000 after purchasing an additional 387,048 shares during the period. Dimensional Fund Advisors LP increased its position in Hillenbrand by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,563,412 shares of the company's stock worth $78,902,000 after purchasing an additional 111,953 shares during the period. Charles Schwab Investment Management Inc. increased its position in Hillenbrand by 10.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,818 shares of the company's stock worth $33,391,000 after purchasing an additional 105,865 shares during the period. Finally, Northern Trust Corp increased its position in Hillenbrand by 24.4% during the 4th quarter. Northern Trust Corp now owns 900,666 shares of the company's stock worth $27,722,000 after purchasing an additional 176,482 shares during the period. Institutional investors and hedge funds own 89.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. KeyCorp cut Hillenbrand from an "overweight" rating to a "sector weight" rating in a research report on Thursday, May 8th. DA Davidson lowered their price target on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Finally, Wall Street Zen cut Hillenbrand from a "buy" rating to a "hold" rating in a report on Thursday, February 6th.

Hillenbrand Price Performance

Shares of HI traded down $0.49 on Friday, reaching $18.78. The stock had a trading volume of 544,646 shares, compared to its average volume of 486,845. The firm has a market capitalization of $1.32 billion, a PE ratio of -5.98 and a beta of 1.56. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.33. The firm has a 50-day moving average of $22.03 and a 200 day moving average of $28.32. Hillenbrand, Inc. has a twelve month low of $18.36 and a twelve month high of $46.92.

Hillenbrand (NYSE:HI - Get Free Report) last released 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. The business had revenue of $715.90 million for the quarter, compared to analysts' expectations of $691.00 million. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. The company's revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS. Sell-side analysts expect that Hillenbrand, Inc. will post 2.53 EPS for the current year.

Hillenbrand Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend is Monday, June 16th. Hillenbrand's dividend payout ratio (DPR) is presently -23.62%.

Hillenbrand 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.