Hillenbrand, Inc. (NYSE:HI) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP trimmed its position in Hillenbrand, Inc. (NYSE:HI) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,496 shares of the company’s stock after selling 1,153 shares during the period. Quantbot Technologies LP’s holdings in Hillenbrand were worth $1,677,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Channing Capital Management LLC bought a new stake in shares of Hillenbrand in the 4th quarter worth approximately $20,648,000. Wilmington Savings Fund Society FSB acquired a new position in Hillenbrand in the third quarter worth approximately $17,178,000. Raymond James Financial Inc. bought a new position in shares of Hillenbrand in the fourth quarter valued at $7,782,000. New York State Common Retirement Fund lifted its position in shares of Hillenbrand by 131.4% during the 4th quarter. New York State Common Retirement Fund now owns 279,045 shares of the company’s stock valued at $8,589,000 after acquiring an additional 158,464 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new stake in shares of Hillenbrand during the 3rd quarter worth $4,368,000. 89.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered Hillenbrand from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th.

Hillenbrand Stock Performance

Shares of HI opened at $26.25 on Tuesday. The company has a 50-day moving average of $31.00 and a two-hundred day moving average of $30.22. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of -8.36 and a beta of 1.41. 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, Inc. has a one year low of $24.64 and a one year high of $50.58.

Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 EPS for the quarter, beating the consensus estimate 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 prior year, the firm posted $0.69 earnings per share. On average, equities research analysts expect that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 3.43%. Hillenbrand’s dividend payout ratio is -28.66%.

Hillenbrand Company 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.