Blue Trust Inc. Lowers Holdings in Hillenbrand Inc (NYSE:HI)

Blue Trust Inc. decreased its position in Hillenbrand Inc (NYSE:HI - Free Report) by 18.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,691 shares of the company's stock after selling 36,107 shares during the quarter. Blue Trust Inc. owned 0.23% of Hillenbrand worth $3,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Point72 Hong Kong Ltd bought a new stake in Hillenbrand in the fourth quarter valued at approximately $42,000. Sterling Capital Management LLC raised its holdings in Hillenbrand by 712.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,520 shares of the company's stock worth $47,000 after purchasing an additional 1,333 shares in the last quarter. GAMMA Investing LLC raised its holdings in Hillenbrand by 65.9% in the first quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock worth $47,000 after purchasing an additional 781 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Hillenbrand by 161.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,842 shares of the company's stock worth $57,000 after purchasing an additional 1,138 shares in the last quarter. Finally, Covestor Ltd grew its stake in shares of Hillenbrand by 164.8% in the fourth quarter. Covestor Ltd now owns 5,164 shares of the company's stock worth $159,000 after acquiring an additional 3,214 shares during the last quarter. Institutional investors own 89.09% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. DA Davidson cut their target price on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. KeyCorp cut Hillenbrand from an "overweight" rating to a "sector weight" rating in a research note on Thursday, May 8th.

Hillenbrand Stock Performance

Shares of Hillenbrand stock traded down $0.36 during trading on Friday, hitting $18.97. 687,907 shares of the company's stock traded hands, compared to its average volume of 496,178. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.51 and a quick ratio of 1.14. Hillenbrand Inc has a 1 year low of $18.36 and a 1 year high of $45.53. The stock has a market capitalization of $1.34 billion, a P/E ratio of -4.98 and a beta of 1.47. The business has a 50-day simple moving average of $20.65 and a 200-day simple moving average of $26.51.

Hillenbrand (NYSE:HI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.06. The business had revenue of $715.90 million for the quarter, compared to analysts' expectations of $691.00 million. Hillenbrand had a positive return on equity of 15.03% and a negative net margin of 8.82%. The business's revenue for the quarter was down 8.8% on a year-over-year basis. During the same period last year, the firm posted $0.76 earnings per share. As a group, analysts forecast that Hillenbrand Inc will post 2.53 EPS for the current year.

Hillenbrand Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.75%. Hillenbrand's dividend payout ratio is currently -23.62%.

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.