Hillenbrand, Inc. (NYSE:HI) Stock Position Boosted by UBS Group AG

UBS Group AG boosted its stake in Hillenbrand, Inc. (NYSE:HI – Get Rating) by 14.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 196,477 shares of the company’s stock after buying an additional 25,186 shares during the period. UBS Group AG owned 0.28% of Hillenbrand worth $8,384,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HI. Goldman Sachs Group Inc. grew its position in Hillenbrand by 42.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 978,106 shares of the company’s stock valued at $40,063,000 after buying an additional 292,538 shares in the last quarter. Boston Partners boosted its position in shares of Hillenbrand by 48.7% during the 4th quarter. Boston Partners now owns 819,297 shares of the company’s stock valued at $35,483,000 after purchasing an additional 268,451 shares in the last quarter. Channing Capital Management LLC boosted its position in shares of Hillenbrand by 19.9% during the 3rd quarter. Channing Capital Management LLC now owns 1,227,742 shares of the company’s stock valued at $45,083,000 after purchasing an additional 203,713 shares in the last quarter. LSV Asset Management boosted its position in shares of Hillenbrand by 6.7% during the 3rd quarter. LSV Asset Management now owns 2,384,578 shares of the company’s stock valued at $87,562,000 after purchasing an additional 150,344 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Hillenbrand by 12.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,140,961 shares of the company’s stock valued at $48,685,000 after purchasing an additional 124,772 shares in the last quarter. Institutional investors own 85.15% of the company’s stock.

Hillenbrand Stock Performance

NYSE:HI opened at $47.77 on Thursday. The company has a current ratio of 1.26, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. Hillenbrand, Inc. has a twelve month low of $36.16 and a twelve month high of $53.54. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 5.47 and a beta of 1.48. The company has a 50-day moving average of $45.90 and a 200-day moving average of $46.19.

Hillenbrand (NYSE:HI – Get Rating) last posted its quarterly earnings data on Monday, May 8th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. Hillenbrand had a net margin of 21.79% and a return on equity of 18.78%. The company had revenue of $691.00 million during the quarter, compared to analyst estimates of $675.20 million. During the same period in the prior year, the firm earned $1.01 earnings per share. The business’s quarterly revenue was down 6.9% on a year-over-year basis. Analysts forecast that Hillenbrand, Inc. will post 3.4 earnings per share for the current fiscal year.

Hillenbrand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Thursday, June 15th. Hillenbrand’s dividend payout ratio is presently 10.07%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Hillenbrand from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th.

Hillenbrand Profile

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Hillenbrand, Inc engages in designing, manufacturing, and servicing highly engineered and mission-critical equipment and solutions to the customers. It operates through the following segments: Advanced Process Solutions, Molding Technology Solutions and Batesville. The Advanced Process Solutions segment provides compounding, extrusion, and material handling, screening, and separating equipment, systems, and services for manufacturing and other industrial processes.