Russell Investments Group Ltd. increased its position in shares of Hillenbrand, Inc. (NYSE:HI) by 812.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 170,430 shares of the company’s stock after buying an additional 151,752 shares during the period. Russell Investments Group Ltd. owned 0.27% of Hillenbrand worth $7,823,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HI. Victory Capital Management Inc. raised its position in shares of Hillenbrand by 6.5% in the fourth quarter. Victory Capital Management Inc. now owns 29,184 shares of the company’s stock valued at $1,305,000 after purchasing an additional 1,770 shares during the period. US Bancorp DE increased its holdings in Hillenbrand by 1,425.0% during the 4th quarter. US Bancorp DE now owns 12,810 shares of the company’s stock worth $572,000 after acquiring an additional 11,970 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of Hillenbrand by 312.5% in the 4th quarter. Teacher Retirement System of Texas now owns 21,436 shares of the company’s stock worth $958,000 after buying an additional 16,240 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Hillenbrand by 8.5% in the 4th quarter. California Public Employees Retirement System now owns 169,250 shares of the company’s stock worth $7,565,000 after buying an additional 13,279 shares during the last quarter. Finally, Pinebridge Investments L.P. boosted its stake in shares of Hillenbrand by 151.9% in the 4th quarter. Pinebridge Investments L.P. now owns 19,704 shares of the company’s stock valued at $880,000 after purchasing an additional 11,882 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Several brokerages have weighed in on HI. ValuEngine cut shares of Hillenbrand from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised shares of Hillenbrand from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Tuesday, March 27th. Finally, TheStreet lowered shares of Hillenbrand from an “a-” rating to a “c+” rating in a research note on Monday, May 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Hillenbrand currently has an average rating of “Buy” and a consensus target price of $52.00.

Shares of Hillenbrand traded up $0.35, reaching $47.15, on Friday, according to Marketbeat.com. The company’s stock had a trading volume of 252,478 shares, compared to its average volume of 268,145. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 22.35 and a beta of 1.23. The company has a current ratio of 1.28, a quick ratio of 0.94 and a debt-to-equity ratio of 0.65. Hillenbrand, Inc. has a 12-month low of $34.65 and a 12-month high of $49.35.

Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Wednesday, May 2nd. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.01. Hillenbrand had a net margin of 3.99% and a return on equity of 20.08%. The company had revenue of $452.20 million for the quarter, compared to analysts’ expectations of $434.70 million. During the same quarter in the previous year, the business posted $0.53 earnings per share. Hillenbrand’s quarterly revenue was up 14.4% on a year-over-year basis. analysts predict that Hillenbrand, Inc. will post 2.4 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be paid a dividend of $0.207 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Thursday, June 14th. Hillenbrand’s dividend payout ratio is currently 39.34%.

Hillenbrand Company Profile

Hillenbrand, Inc operates as a diversified industrial company worldwide. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, and forest products.

Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

Receive News & Ratings for Hillenbrand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillenbrand and related companies with MarketBeat.com's FREE daily email newsletter.