Sherbrooke Park Advisers LLC Trims Stake in Hillenbrand, Inc. (NYSE:HI)

Sherbrooke Park Advisers LLC trimmed its holdings in Hillenbrand, Inc. (NYSE:HI - Free Report) by 47.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,906 shares of the company's stock after selling 14,287 shares during the period. Sherbrooke Park Advisers LLC's holdings in Hillenbrand were worth $490,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. R Squared Ltd purchased a new stake in shares of Hillenbrand in the 4th quarter valued at approximately $27,000. YANKCOM Partnership purchased a new position in shares of Hillenbrand during the 4th quarter worth $30,000. Point72 Hong Kong Ltd acquired a new stake in shares of Hillenbrand during the 4th quarter worth about $42,000. Sterling Capital Management LLC raised its holdings in 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 buying an additional 1,333 shares during the period. Finally, Tompkins Financial Corp purchased a new stake in Hillenbrand in the 4th quarter valued at about $54,000. 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 a number of research analyst 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 report on Thursday, May 1st. Wall Street Zen cut Hillenbrand from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, KeyCorp lowered Hillenbrand from an "overweight" rating to a "sector weight" rating in a research note on Thursday, May 8th.

Hillenbrand Stock Down 2.5%

Shares of Hillenbrand stock traded down $0.49 during trading hours on Friday, reaching $18.78. 70,354 shares of the company were exchanged, compared to its average volume of 512,758. The firm has a market cap of $1.32 billion, a PE ratio of -5.99 and a beta of 1.56. The stock's fifty day moving average is $22.16 and its 200 day moving average is $28.43. Hillenbrand, Inc. has a 1 year low of $18.36 and a 1 year high of $46.92. 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 (NYSE:HI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.06. The business had revenue of $715.90 million during the quarter, compared to the consensus estimate of $691.00 million. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. The business's revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 earnings per share. As a group, equities research analysts forecast that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Announces Dividend

The company also recently disclosed 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 of this dividend is Monday, June 16th. This represents a $0.90 annualized dividend and a dividend yield of 4.79%. Hillenbrand's dividend payout ratio (DPR) is currently -23.62%.

About Hillenbrand

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.