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

Blue Trust Inc. reduced its position in shares of Hillenbrand Inc (NYSE:HI - Free Report) by 18.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,691 shares of the company's stock after selling 36,107 shares during the period. Blue Trust Inc. owned 0.23% of Hillenbrand worth $3,976,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new stake in Hillenbrand during the 4th quarter worth approximately $42,000. Sterling Capital Management LLC grew its position in shares of Hillenbrand by 712.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,520 shares of the company's stock valued at $47,000 after purchasing an additional 1,333 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Hillenbrand by 65.9% in the first quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock valued at $47,000 after purchasing an additional 781 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Hillenbrand by 161.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,842 shares of the company's stock valued at $57,000 after purchasing an additional 1,138 shares in the last quarter. Finally, Covestor Ltd grew its position in shares of Hillenbrand by 164.8% in the fourth quarter. Covestor Ltd now owns 5,164 shares of the company's stock valued at $159,000 after purchasing an additional 3,214 shares in the last quarter. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HI. KeyCorp lowered Hillenbrand from an "overweight" rating to a "sector weight" rating in a research report on Thursday, May 8th. DA Davidson dropped their price target on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st.

Hillenbrand Price Performance

Shares of HI stock traded down $0.36 during trading hours on Friday, reaching $18.97. The company had a trading volume of 687,907 shares, compared to its average volume of 499,731. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.14 and a current ratio of 1.51. The stock has a fifty day moving average of $20.65 and a 200-day moving average of $26.61. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of -4.98 and a beta of 1.47. Hillenbrand Inc has a 12-month low of $18.36 and a 12-month high of $45.53.

Hillenbrand (NYSE:HI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.06. The company had revenue of $715.90 million during the quarter, compared to analyst estimates of $691.00 million. Hillenbrand had a positive return on equity of 15.03% and a negative net margin of 8.82%. The firm's revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 earnings per share. On average, equities analysts anticipate that Hillenbrand Inc will post 2.53 earnings per share for the current year.

Hillenbrand Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.225 per share. The ex-dividend date is Monday, June 16th. This represents a $0.90 annualized dividend 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.