Hillenbrand, Inc. (NYSE:HI) Stock Position Lifted by Deutsche Bank AG

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

Several other hedge funds have also made changes to their positions in HI. R Squared Ltd bought a new stake in shares of Hillenbrand in the 4th quarter worth approximately $27,000. YANKCOM Partnership acquired a new stake in Hillenbrand in the 4th quarter valued at approximately $30,000. Sterling Capital Management LLC increased its position in Hillenbrand by 712.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,520 shares of the company's stock valued at $47,000 after acquiring an additional 1,333 shares during the period. Smartleaf Asset Management LLC increased its position in Hillenbrand by 161.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,842 shares of the company's stock valued at $57,000 after acquiring an additional 1,138 shares during the period. Finally, KBC Group NV increased its position in Hillenbrand by 50.2% in the 4th quarter. KBC Group NV now owns 3,400 shares of the company's stock valued at $105,000 after acquiring an additional 1,137 shares during the period. Institutional investors own 89.09% of the company's stock.

Hillenbrand Stock Down 2.9%

HI opened at $21.07 on Tuesday. Hillenbrand, Inc. has a one year low of $18.36 and a one year high of $46.92. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.34. The stock's fifty day moving average is $22.48 and its 200-day moving average is $28.60. The company has a market capitalization of $1.48 billion, a PE ratio of -6.71 and a beta of 1.56.

Hillenbrand (NYSE:HI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.60 EPS 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 the consensus estimate of $691.00 million. During the same quarter in the previous year, the business earned $0.76 EPS. The company's quarterly revenue was down 8.8% compared to the same quarter last year. On average, equities analysts predict that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.

Hillenbrand Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend is Monday, June 16th. Hillenbrand's payout ratio is -23.62%.

Analysts Set New Price Targets

Several analysts recently commented on HI shares. StockNews.com cut Hillenbrand from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. KeyCorp cut Hillenbrand from an "overweight" rating to a "sector weight" rating in a research report on Thursday, May 8th. Finally, DA Davidson lowered their target price on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st.

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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