Graham Capital Management L.P. Sells 14,018 Shares of Hillenbrand, Inc. (NYSE:HI)

Graham Capital Management L.P. reduced its position in Hillenbrand, Inc. (NYSE:HI - Free Report) by 31.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 30,200 shares of the company's stock after selling 14,018 shares during the period. Graham Capital Management L.P.'s holdings in Hillenbrand were worth $930,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of Hillenbrand in the 4th quarter valued at about $27,000. YANKCOM Partnership purchased a new stake in shares of Hillenbrand in the 4th quarter valued at approximately $30,000. GAMMA Investing LLC lifted its position in Hillenbrand by 107.5% in the 4th quarter. GAMMA Investing LLC now owns 1,185 shares of the company's stock worth $36,000 after buying an additional 614 shares in the last quarter. Sterling Capital Management LLC lifted its position in Hillenbrand by 712.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,520 shares of the company's stock worth $47,000 after buying an additional 1,333 shares in the last quarter. Finally, Tompkins Financial Corp purchased a new stake in Hillenbrand in the 4th quarter worth approximately $54,000. 89.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HI shares. StockNews.com lowered shares of Hillenbrand from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. KeyCorp lowered shares of Hillenbrand from an "overweight" rating to a "sector weight" rating in a research note on Thursday, May 8th. Finally, DA Davidson lowered their target price on shares of Hillenbrand from $33.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st.

Hillenbrand Price Performance

HI traded up $0.19 during midday trading on Friday, hitting $21.72. The company had a trading volume of 510,053 shares, compared to its average volume of 480,998. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.34. The company has a market capitalization of $1.53 billion, a PE ratio of -6.92 and a beta of 1.56. Hillenbrand, Inc. has a twelve month low of $18.36 and a twelve month high of $46.92. The firm's 50-day simple moving average is $22.58 and its 200-day simple moving average is $28.64.

Hillenbrand (NYSE:HI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.60 EPS for the quarter, topping 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 company had revenue of $715.90 million during the quarter, compared to analysts' expectations of $691.00 million. During the same quarter in the previous year, the company earned $0.76 EPS. Hillenbrand's revenue was down 8.8% on a year-over-year basis. Equities research analysts predict that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.

Hillenbrand Announces Dividend

The business 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 $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Monday, June 16th. Hillenbrand's dividend payout ratio (DPR) is presently -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.