Hillenbrand, Inc. (NYSE:HI) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. reduced its holdings in shares of Hillenbrand, Inc. (NYSE:HI) by 80.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,452 shares of the company’s stock after selling 125,686 shares during the period. Edgestream Partners L.P.’s holdings in Hillenbrand were worth $968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. R Squared Ltd purchased a new position in Hillenbrand in the 4th quarter worth $27,000. YANKCOM Partnership acquired a new stake in shares of Hillenbrand during the fourth quarter worth about $30,000. GAMMA Investing LLC lifted its holdings in shares of Hillenbrand by 107.5% during the fourth quarter. GAMMA Investing LLC now owns 1,185 shares of the company’s stock worth $36,000 after purchasing an additional 614 shares during the period. Kennebec Savings Bank purchased a new stake in Hillenbrand in the third quarter valued at approximately $48,000. Finally, Tompkins Financial Corp purchased a new position in Hillenbrand during the 4th quarter worth approximately $54,000. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Hillenbrand Stock Performance

HI opened at $26.60 on Wednesday. The firm has a fifty day moving average price of $31.94 and a 200 day moving average price of $30.63. The stock has a market cap of $1.87 billion, a P/E ratio of -8.47 and a beta of 1.41. Hillenbrand, Inc. has a 1 year low of $25.11 and a 1 year high of $50.58. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.86.

Hillenbrand (NYSE:HI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share (EPS) 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 in the previous year, the company posted $0.69 EPS. Equities research analysts anticipate that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.225 per share. The ex-dividend date is Friday, March 14th. This represents a $0.90 annualized dividend and a dividend yield of 3.38%. Hillenbrand’s dividend payout ratio is presently -28.66%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HI shares. DA Davidson reaffirmed a “neutral” rating and issued a $33.00 price objective on shares of Hillenbrand in a report on Friday, November 15th. KeyCorp lowered their price target on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th. Finally, StockNews.com downgraded Hillenbrand from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th.

Hillenbrand Profile

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.