Wilmington Savings Fund Society FSB Sells 27,401 Shares of Hillenbrand, Inc. (NYSE:HI)

Wilmington Savings Fund Society FSB cut its position in Hillenbrand, Inc. (NYSE:HI) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 590,519 shares of the company’s stock after selling 27,401 shares during the quarter. Wilmington Savings Fund Society FSB owned about 0.84% of Hillenbrand worth $18,176,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. R Squared Ltd bought a new stake in Hillenbrand during the 4th quarter valued at $27,000. YANKCOM Partnership bought a new stake in shares of Hillenbrand during the 4th quarter valued at $30,000. GAMMA Investing LLC raised its stake in shares of Hillenbrand by 107.5% during the 4th quarter. GAMMA Investing LLC now owns 1,185 shares of the company’s stock valued at $36,000 after purchasing an additional 614 shares during the period. Kennebec Savings Bank purchased a new stake in Hillenbrand during the 3rd quarter worth about $48,000. Finally, Tompkins Financial Corp purchased a new position in Hillenbrand during the 4th quarter valued at about $54,000. 89.09% of the stock is currently owned by institutional investors.

Hillenbrand Stock Performance

Shares of HI opened at $31.30 on Friday. Hillenbrand, Inc. has a 12-month low of $25.11 and a 12-month high of $50.58. The company has a current ratio of 1.34, a quick ratio of 0.83 and a debt-to-equity ratio of 1.33. The stock has a 50-day moving average price of $32.47 and a 200-day moving average price of $31.91.

Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share (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 quarter last year, the firm earned $0.69 earnings per share. Equities analysts expect that Hillenbrand, Inc. will post 2.94 earnings per share for the current year.

Hillenbrand Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.225 dividend. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 2.88%. Hillenbrand’s payout ratio is -28.66%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HI shares. StockNews.com downgraded shares of Hillenbrand from a “buy” rating to a “hold” rating in a report on Thursday. DA Davidson reiterated a “neutral” rating and issued a $33.00 target price on shares of Hillenbrand in a research note on Friday, November 15th. Finally, KeyCorp reduced their price target on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th.

About Hillenbrand

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.