Hillenbrand, Inc. (NYSE:HI) Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its position in shares of Hillenbrand, Inc. (NYSE:HIGet Rating) by 72.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,200 shares of the company’s stock after selling 207,980 shares during the quarter. Royce & Associates LP’s holdings in Hillenbrand were worth $2,835,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Pinebridge Investments L.P. increased its holdings in shares of Hillenbrand by 263.5% in the second quarter. Pinebridge Investments L.P. now owns 727 shares of the company’s stock valued at $30,000 after purchasing an additional 527 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Hillenbrand by 77.3% in the second quarter. EverSource Wealth Advisors LLC now owns 803 shares of the company’s stock valued at $33,000 after purchasing an additional 350 shares during the last quarter. Wipfli Financial Advisors LLC acquired a new stake in shares of Hillenbrand in the third quarter valued at approximately $77,000. Bridgefront Capital LLC acquired a new stake in shares of Hillenbrand in the first quarter valued at approximately $238,000. Finally, KBC Group NV increased its holdings in shares of Hillenbrand by 112.8% in the second quarter. KBC Group NV now owns 6,266 shares of the company’s stock valued at $257,000 after purchasing an additional 3,321 shares during the last quarter. Institutional investors and hedge funds own 85.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Hillenbrand from a “strong-buy” rating to a “buy” rating in a report on Friday, January 20th.

Hillenbrand Trading Up 0.9 %

Shares of Hillenbrand stock opened at $45.01 on Wednesday. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 15.52 and a beta of 1.43. Hillenbrand, Inc. has a fifty-two week low of $36.16 and a fifty-two week high of $53.54. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.81 and a current ratio of 1.30. The stock has a 50 day moving average of $46.12 and a 200 day moving average of $43.43.

Hillenbrand (NYSE:HIGet Rating) last issued its quarterly earnings data on Wednesday, November 16th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.02. The company had revenue of $749.90 million during the quarter. Hillenbrand had a return on equity of 23.68% and a net margin of 7.10%. As a group, research analysts predict that Hillenbrand, Inc. will post 4.25 earnings per share for the current year.

Hillenbrand Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 16th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.96%. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, December 15th. Hillenbrand’s dividend payout ratio is presently 30.34%.

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.

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Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

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