Nuveen Asset Management LLC Cuts Stake in Hillenbrand, Inc. (NYSE:HI)

Nuveen Asset Management LLC reduced its position in Hillenbrand, Inc. (NYSE:HI - Free Report) by 26.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 281,600 shares of the company's stock after selling 100,879 shares during the period. Nuveen Asset Management LLC owned about 0.40% of Hillenbrand worth $8,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in HI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Hillenbrand by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,957 shares of the company's stock worth $1,230,000 after acquiring an additional 1,388 shares during the period. Jefferies Financial Group Inc. acquired a new stake in Hillenbrand during the fourth quarter worth about $254,000. Gotham Asset Management LLC purchased a new position in Hillenbrand during the fourth quarter worth about $360,000. Expect Equity LLC purchased a new position in Hillenbrand during the fourth quarter worth about $1,503,000. Finally, D. E. Shaw & Co. Inc. boosted its stake in Hillenbrand by 3.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 154,971 shares of the company's stock worth $4,770,000 after buying an additional 5,336 shares during the period. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HI has been the subject of several recent research reports. DA Davidson lowered their price objective on shares of Hillenbrand from $33.00 to $24.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. KeyCorp downgraded shares of Hillenbrand from an "overweight" rating to a "sector weight" rating in a research note on Thursday, May 8th. Finally, Wall Street Zen cut shares of Hillenbrand from a "buy" rating to a "hold" rating in a report on Thursday, February 6th.

Hillenbrand Stock Performance

HI stock traded down $0.96 on Monday, hitting $18.58. The company's stock had a trading volume of 506,649 shares, compared to its average volume of 491,708. The firm has a 50 day moving average of $21.22 and a two-hundred day moving average of $27.80. Hillenbrand, Inc. has a 1 year low of $18.36 and a 1 year high of $46.92. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -5.92 and a beta of 1.56. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33.

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

Hillenbrand Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $0.225 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.90 annualized dividend and a yield of 4.84%. Hillenbrand's dividend payout ratio (DPR) is -23.62%.

Hillenbrand 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.