Millennium Management LLC Sells 252,462 Shares of Hillenbrand, Inc. (NYSE:HI)

Millennium Management LLC decreased its holdings in Hillenbrand, Inc. (NYSE:HI - Free Report) by 35.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 461,932 shares of the company's stock after selling 252,462 shares during the quarter. Millennium Management LLC owned 0.66% of Hillenbrand worth $14,218,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. R Squared Ltd acquired a new stake in shares of Hillenbrand in the 4th quarter valued at $27,000. YANKCOM Partnership acquired a new stake in shares of Hillenbrand in the 4th quarter valued at $30,000. Sterling Capital Management LLC boosted its stake in shares of Hillenbrand by 712.8% in the 4th 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. Smartleaf Asset Management LLC lifted its position in Hillenbrand by 161.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,842 shares of the company's stock worth $57,000 after buying an additional 1,138 shares in the last quarter. Finally, KBC Group NV lifted its position in Hillenbrand by 50.2% during the 4th quarter. KBC Group NV now owns 3,400 shares of the company's stock worth $105,000 after buying an additional 1,137 shares in the last quarter. Institutional investors and hedge funds own 89.09% of the company's stock.

Hillenbrand Trading Down 1.5%

Hillenbrand stock traded down $0.30 during trading hours on Wednesday, reaching $19.58. 34,911 shares of the company's stock traded hands, compared to its average volume of 486,580. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.34. Hillenbrand, Inc. has a fifty-two week low of $18.36 and a fifty-two week high of $46.92. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -6.24 and a beta of 1.56. The firm's 50 day moving average is $21.76 and its 200-day moving average is $28.17.

Hillenbrand (NYSE:HI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.06. The company had revenue of $715.90 million during the quarter, compared to analysts' expectations of $691.00 million. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. Hillenbrand's revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 EPS. On average, analysts predict that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.225 per share. The ex-dividend date is Monday, June 16th. This represents a $0.90 dividend on an annualized basis and a yield of 4.60%. Hillenbrand's payout ratio is -23.62%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. DA Davidson reduced their price target on shares of Hillenbrand from $33.00 to $24.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. KeyCorp downgraded shares of Hillenbrand from an "overweight" rating to a "sector weight" rating in a research report on Thursday, May 8th. Finally, Wall Street Zen downgraded shares of Hillenbrand from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th.

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.