Keeley Teton Advisors LLC Sells 16,590 Shares of Hillenbrand, Inc. (NYSE:HI)

Keeley Teton Advisors LLC reduced its holdings in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) by 43.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,273 shares of the company's stock after selling 16,590 shares during the quarter. Keeley Teton Advisors LLC's holdings in Hillenbrand were worth $655,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HI. Vanguard Group Inc. raised its position in shares of Hillenbrand by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 8,666,374 shares of the company's stock valued at $266,751,000 after purchasing an additional 59,311 shares during the period. State Street Corp grew its position in shares of Hillenbrand by 0.7% in the third quarter. State Street Corp now owns 2,739,689 shares of the company's stock valued at $76,163,000 after purchasing an additional 19,546 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Hillenbrand by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company's stock valued at $44,565,000 after purchasing an additional 6,682 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Hillenbrand by 10.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,818 shares of the company's stock worth $33,391,000 after purchasing an additional 105,865 shares in the last quarter. Finally, William Blair Investment Management LLC grew its holdings in Hillenbrand by 1.9% during the 4th quarter. William Blair Investment Management LLC now owns 782,667 shares of the company's stock valued at $24,090,000 after buying an additional 14,256 shares in the last quarter. 89.09% of the stock is owned by hedge funds and other institutional investors.

Hillenbrand Price Performance

Shares of HI traded up $0.66 during trading hours on Tuesday, reaching $21.04. 65,985 shares of the company's stock traded hands, compared to its average volume of 472,387. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The firm's 50 day simple moving average is $25.93 and its 200-day simple moving average is $29.43. The stock has a market cap of $1.48 billion, a PE ratio of -6.70 and a beta of 1.46. Hillenbrand, Inc. has a 12 month low of $18.36 and a 12 month high of $49.95.

Hillenbrand (NYSE:HI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates 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 last year, the business posted $0.69 EPS. Equities analysts expect that Hillenbrand, Inc. will post 2.53 EPS for the current year.

Hillenbrand Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.225 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.90 dividend on an annualized basis and a yield of 4.28%. Hillenbrand's payout ratio is -28.66%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Hillenbrand from a "buy" rating to a "hold" rating in a report 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.