Norges Bank Purchases New Stake in Hillenbrand, Inc. (NYSE:HI)

Norges Bank acquired a new position in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 105,995 shares of the company's stock, valued at approximately $3,263,000. Norges Bank owned 0.15% of Hillenbrand as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings 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 last quarter. State Street Corp raised its stake in shares of Hillenbrand by 0.7% in the 3rd quarter. State Street Corp now owns 2,739,689 shares of the company's stock valued at $76,163,000 after purchasing an additional 19,546 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Hillenbrand by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company's stock worth $44,565,000 after purchasing an additional 6,682 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Hillenbrand by 10.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,084,818 shares of the company's stock valued at $33,391,000 after buying an additional 105,865 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its holdings in Hillenbrand by 1.9% during the 4th quarter. William Blair Investment Management LLC now owns 782,667 shares of the company's stock worth $24,090,000 after buying an additional 14,256 shares during the last quarter. Institutional investors and hedge funds own 89.09% of the company's stock.

Hillenbrand Stock Performance

Shares of Hillenbrand stock traded down $0.42 during trading on Wednesday, hitting $20.51. 19,964 shares of the stock were exchanged, compared to its average volume of 451,429. The stock's fifty day moving average is $26.94 and its 200 day moving average is $29.60. Hillenbrand, Inc. has a 12 month low of $18.36 and a 12 month high of $49.95. The stock has a market cap of $1.44 billion, a PE ratio of -6.53 and a beta of 1.46. 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 (NYSE:HI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. During the same quarter last year, the firm posted $0.69 earnings per share. As a group, sell-side analysts anticipate that Hillenbrand, Inc. will post 2.53 EPS for the current year.

Hillenbrand Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.39%. The ex-dividend date was Friday, March 14th. Hillenbrand's dividend payout ratio is presently -28.66%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Hillenbrand from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th.

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.