Cerity Partners LLC Reduces Holdings in Hillenbrand, Inc. (NYSE:HI)

Cerity Partners LLC lowered its position in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) by 46.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,796 shares of the company's stock after selling 12,663 shares during the quarter. Cerity Partners LLC's holdings in Hillenbrand were worth $455,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of HI. R Squared Ltd bought a new stake in shares of Hillenbrand during the fourth quarter valued at approximately $27,000. YANKCOM Partnership purchased a new stake in Hillenbrand in the fourth quarter worth approximately $30,000. GAMMA Investing LLC raised its stake in Hillenbrand by 107.5% during the 4th quarter. GAMMA Investing LLC now owns 1,185 shares of the company's stock valued at $36,000 after buying an additional 614 shares during the last quarter. Tompkins Financial Corp bought a new position in shares of Hillenbrand during the 4th quarter valued at $54,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Hillenbrand by 161.6% in the fourth 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. Institutional investors own 89.09% of the company's stock.

Hillenbrand Stock Performance

Shares of NYSE HI traded down $0.04 during trading on Friday, hitting $22.49. The company had a trading volume of 354,638 shares, compared to its average volume of 458,714. Hillenbrand, Inc. has a 12 month low of $18.36 and a 12 month high of $49.95. 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 firm has a market capitalization of $1.58 billion, a P/E ratio of -7.16 and a beta of 1.46. The stock has a 50 day simple moving average of $24.90 and a 200 day simple moving average of $29.27.

Hillenbrand (NYSE:HI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.02. Hillenbrand had a negative net margin of 7.12% and a positive return on equity of 15.00%. During the same period in the prior year, the company posted $0.69 earnings per share. As a group, analysts anticipate that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.90 annualized dividend and a yield of 4.00%. Hillenbrand's dividend payout ratio (DPR) is currently -28.66%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Hillenbrand from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th.

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.