2 weeks Ago By ABMN Staff
Legal & General Group Plc lessened its stake in Hillenbrand, Inc. ( NYSE:HI – Free Report ) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC.
The institutional investor owned 194,018 shares of the company’s stock after selling 6,710 shares during the quarter. Legal & General Group Plc’s holdings in Hillenbrand were worth $5,972,000 as of its most recent filing with the SEC. A number of other large investors also recently bought and sold shares of HI.
Channing Capital Management LLC purchased a new stake in shares of Hillenbrand in the 4th quarter valued at approximately $20,648,000. Wilmington Savings Fund Society FSB bought a new position in shares of Hillenbrand during the 3rd quarter valued at $17,178,000. Raymond James Financial Inc.
acquired a new stake in shares of Hillenbrand in the fourth quarter worth about $7,782,000. Prudential Financial Inc. boosted its position in Hillenbrand by 211.
3% during the fourth quarter. Prudential Financial Inc. now owns 233,645 shares of the company’s stock worth $7,192,000 after purchasing an additional 158,597 shares during the period.
Finally, New York State Common Retirement Fund raised its holdings in Hillenbrand by 131.4% in the 4th quarter. New York State Common Retirement Fund now owns 279,045 shares of the company’s stock worth $8,589,000 after acquiring an additional 158,464 shares during the period.
Institutional investors own 89.09% of the company’s stock. Wall Street Analysts Forecast Growth Separately, StockNews.
com cut shares of Hillenbrand from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Hillenbrand Price Performance Shares of HI opened at $20.52 on Monday.
The stock has a market cap of $1.45 billion, a P/E ratio of -6.54 and a beta of 1.
46. Hillenbrand, Inc. has a 1 year low of $18.
36 and a 1 year high of $49.95. The stock’s 50-day moving average price is $26.
19 and its two-hundred day moving average price is $29.48. The company has a current ratio of 1.
34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33.
Hillenbrand ( NYSE:HI – Get Free Report ) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
54 by $0.02. Hillenbrand had a negative net margin of 7.
12% and a positive return on equity of 15.00%. During the same period last year, the company earned $0.
69 EPS. On average, equities analysts predict that Hillenbrand, Inc. will post 2.
53 earnings per share for the current year. Hillenbrand Announces Dividend The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.
225 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.
90 dividend on an annualized basis and a dividend yield of 4.39%. Hillenbrand’s dividend payout ratio (DPR) is -28.
66%. About Hillenbrand ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding HI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hillenbrand, Inc.
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