Northern Trust Corp Boosts Stock Holdings in Hillenbrand, Inc. (NYSE:HI)

Northern Trust Corp increased its holdings in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) by 24.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 900,666 shares of the company's stock after acquiring an additional 176,482 shares during the period. Northern Trust Corp owned about 1.28% of Hillenbrand worth $27,722,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in HI. R Squared Ltd bought a new stake in shares of Hillenbrand during the fourth quarter worth approximately $27,000. YANKCOM Partnership acquired a new position in Hillenbrand during the fourth quarter worth $30,000. GAMMA Investing LLC raised its position in Hillenbrand by 107.5% during the fourth quarter. GAMMA Investing LLC now owns 1,185 shares of the company's stock worth $36,000 after acquiring an additional 614 shares in the last quarter. Sterling Capital Management LLC raised its position in Hillenbrand by 712.8% during the fourth quarter. Sterling Capital Management LLC now owns 1,520 shares of the company's stock worth $47,000 after acquiring an additional 1,333 shares in the last quarter. Finally, Tompkins Financial Corp bought a new position in shares of Hillenbrand in the fourth quarter valued at about $54,000. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Hillenbrand Trading Up 1.8%

Shares of NYSE HI traded up $0.41 during midday trading on Tuesday, reaching $23.12. The stock had a trading volume of 410,544 shares, compared to its average volume of 479,193. The company's 50 day moving average price is $22.96 and its 200 day moving average price is $28.81. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of -7.36 and a beta of 1.56. 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, 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 data on Tuesday, April 29th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate 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%. Hillenbrand's revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 EPS. As a group, sell-side analysts expect that Hillenbrand, Inc. will post 2.53 EPS for the current year.

Hillenbrand Dividend Announcement

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. The ex-dividend date is Monday, June 16th. This represents a $0.90 dividend on an annualized basis and a yield of 3.89%. Hillenbrand's dividend payout ratio (DPR) is presently -23.62%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. StockNews.com cut shares of Hillenbrand from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. KeyCorp downgraded shares of Hillenbrand from an "overweight" rating to a "sector weight" rating in a report on Thursday, May 8th. Finally, DA Davidson decreased their price target on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st.

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.