Millennium Management LLC Has $14.22 Million Stock Position in Hillenbrand, Inc. (NYSE:HI)

Millennium Management LLC trimmed its position in Hillenbrand, Inc. (NYSE:HI - Free Report) by 35.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 461,932 shares of the company's stock after selling 252,462 shares during the quarter. Millennium Management LLC owned approximately 0.66% of Hillenbrand worth $14,218,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in HI. R Squared Ltd acquired a new position in shares of Hillenbrand in the fourth quarter worth about $27,000. YANKCOM Partnership acquired a new position in shares of Hillenbrand in the fourth quarter worth about $30,000. Sterling Capital Management LLC boosted its position in Hillenbrand by 712.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,520 shares of the company's stock worth $47,000 after acquiring an additional 1,333 shares during the period. Smartleaf Asset Management LLC boosted 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 acquiring an additional 1,138 shares during the period. Finally, KBC Group NV increased its holdings in shares of Hillenbrand by 50.2% in the 4th quarter. KBC Group NV now owns 3,400 shares of the company's stock valued at $105,000 after purchasing an additional 1,137 shares during the period. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Hillenbrand Stock Down 2.0%

Shares of Hillenbrand stock opened at $19.26 on Friday. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of -6.13 and a beta of 1.56. 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 52-week low of $18.36 and a 52-week high of $46.92. The stock has a 50-day simple moving average of $22.16 and a 200-day simple moving average of $28.43.

Hillenbrand (NYSE:HI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.06. The business 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 15.00% and a negative net margin of 7.12%. The firm's revenue was down 8.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.76 EPS. On average, equities research analysts expect that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal 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 issued 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 4.67%. Hillenbrand's dividend payout ratio is -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.

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