Hillenbrand Inc (NYSE:HI) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in shares of Hillenbrand Inc (NYSE:HI) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 350,973 shares of the company’s stock after acquiring an additional 9,615 shares during the period. Principal Financial Group Inc. owned approximately 0.50% of Hillenbrand worth $8,472,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas acquired a new position in shares of Hillenbrand in the 1st quarter valued at $248,000. Verity Asset Management Inc. acquired a new position in shares of Hillenbrand in the 1st quarter valued at $239,000. Illinois Municipal Retirement Fund acquired a new position in shares of Hillenbrand in the 1st quarter valued at $973,000. Handelsbanken Fonder AB lifted its stake in shares of Hillenbrand by 22.3% in the 1st quarter. Handelsbanken Fonder AB now owns 26,897 shares of the company’s stock valued at $649,000 after purchasing an additional 4,900 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Hillenbrand by 65.9% in the 1st quarter. GAMMA Investing LLC now owns 1,966 shares of the company’s stock valued at $47,000 after purchasing an additional 781 shares during the period. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HI has been the subject of several analyst reports. KeyCorp cut shares of Hillenbrand from an “overweight” rating to a “sector weight” rating in a research note on Thursday, May 8th. DA Davidson cut their price target on shares of Hillenbrand from $33.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, May 1st.

Hillenbrand Price Performance

Shares of NYSE HI opened at $22.32 on Tuesday. The firm has a market cap of $1.57 billion, a PE ratio of -5.86 and a beta of 1.46. The firm has a fifty day moving average of $20.74 and a 200 day moving average of $25.47. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.14 and a current ratio of 1.51. Hillenbrand Inc has a one year low of $18.36 and a one year high of $45.53.

Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.54 by $0.06. Hillenbrand had a negative net margin of 8.82% and a positive return on equity of 15.03%. The company had revenue of $715.90 million during the quarter, compared to analyst estimates of $691.00 million. During the same quarter in the previous year, the firm earned $0.76 EPS. The firm’s revenue was down 8.8% compared to the same quarter last year. As a group, research analysts predict that Hillenbrand Inc will post 2.53 EPS for the current fiscal year.

Hillenbrand Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend was Monday, June 16th. Hillenbrand’s payout ratio is -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.