SCHEDULE: FMR LLC Updates Hillenbrand Stake to 6.5%

Sentiment:

Beneficial Ownership Report Amendment


FMR LLC and Abigail P. Johnson have filed an Amendment No. 4 to Schedule 13G, reporting beneficial ownership of 6.5% of Hillenbrand Inc.'s common stock as of September 30, 2025.

Summary

  • FMR LLC and Abigail P. Johnson reported beneficial ownership of 4,609,655.63 shares of Hillenbrand Inc. common stock.
  • This represents 6.5% of the total outstanding common stock of Hillenbrand Inc.
  • The filing is an Amendment No. 4 to a previously filed Schedule 13G, indicating an update to an existing ownership disclosure.
  • The event date requiring this filing was September 30, 2025.
  • FMR LLC holds sole voting power over 4,592,089.68 shares and sole dispositive power over 4,609,655.63 shares.
  • Abigail P. Johnson, as a control person of FMR LLC, is deemed to beneficially own the same aggregate amount of shares with sole dispositive power.
  • The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Hillenbrand Inc.

Sentiment

Score: 5

Explanation: The filing is a routine Schedule 13G amendment disclosing beneficial ownership, which is a factual report and does not inherently carry positive or negative sentiment regarding the issuer's performance. It indicates continued institutional interest.

Positives

  • NA

Negatives

  • NA

Risks

  • NA

Future Outlook

NA

Management Comments

  • The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

This filing reflects a routine disclosure of institutional ownership by a major investment management firm, FMR LLC (Fidelity), in a publicly traded company, Hillenbrand Inc. Such disclosures are common and provide transparency regarding significant stakes held by large investors, which can be a signal of institutional interest in the company within its sector.

Comparison to Industry Standards

  • NA

Management Changes

RolePrevious PersonNew PersonEffective DateReason

Corporate Governance

Change TypeDescriptionEffective DateImpact Assessment
Internal Governance Disclosure (FMR LLC)Members of the Johnson family, including Abigail P. Johnson, are the predominant owners of Series B voting common shares of FMR LLC, representing 49% of its voting power. They have a shareholders' voting agreement to vote Series B shares in accordance with the majority, forming a controlling group with respect to FMR LLC.NAThis clarifies the internal control structure of FMR LLC, the reporting entity, and explains why Abigail P. Johnson is also a reporting person. It does not impact Hillenbrand Inc.'s corporate governance directly.

Legal Proceedings

  • NA

Related Party Transactions

  • NA

Stakeholder Impact

  • Shareholders: Provides transparency regarding a significant institutional investor's stake, which can influence market perception of the stock's institutional backing.

Next Steps

  • NA

Key Dates

DateDescription
2023-01-03Effective date of Power of Attorney for FMR LLC signatory Stephanie J. Brown.
2023-01-10Date of previous Schedule 13G filing by FMR LLC, referenced for Power of Attorney accession number.
2023-01-26Effective date of Power of Attorney for Abigail P. Johnson signatory Stephanie J. Brown.
2023-01-31Date of previous Schedule 13G filing by FMR LLC, referenced for Abigail P. Johnson's Power of Attorney accession number.
2025-09-30Date of event which requires filing of this statement.
2025-11-04Filing date of this Schedule 13G Amendment No. 4.

Keywords

Hillenbrand Inc, HBI, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Institutional Ownership, Common Stock, Investment Management

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