Hillenbrand, Inc. (NYSE:HI) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lowered its position in Hillenbrand, Inc. (NYSE:HI - Free Report) by 21.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 49,002 shares of the company's stock after selling 13,352 shares during the period. Price T Rowe Associates Inc. MD owned about 0.07% of Hillenbrand worth $1,509,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HI. Vanguard Group Inc. increased its holdings in Hillenbrand by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 8,666,374 shares of the company's stock worth $266,751,000 after acquiring an additional 59,311 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Hillenbrand by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,563,412 shares of the company's stock valued at $78,902,000 after acquiring an additional 111,953 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Hillenbrand by 10.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,818 shares of the company's stock valued at $33,391,000 after buying an additional 105,865 shares during the period. William Blair Investment Management LLC increased its stake in Hillenbrand by 1.9% in the 4th quarter. William Blair Investment Management LLC now owns 782,667 shares of the company's stock valued at $24,090,000 after purchasing an additional 14,256 shares in the last quarter. Finally, Channing Capital Management LLC acquired a new stake in shares of Hillenbrand during the 4th quarter worth about $20,648,000. Institutional investors own 89.09% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on HI. KeyCorp downgraded Hillenbrand from an "overweight" rating to a "sector weight" rating in a report on Thursday, May 8th. StockNews.com lowered Hillenbrand from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, DA Davidson dropped their price objective 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 Trading Up 1.8%

Shares of NYSE HI traded up $0.41 during trading on Tuesday, reaching $23.12. The company had a trading volume of 392,897 shares, compared to its average volume of 478,147. The stock has a market cap of $1.63 billion, a P/E ratio of -7.36 and a beta of 1.56. Hillenbrand, Inc. has a 12 month low of $18.36 and a 12 month high of $46.92. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.33. The company's fifty day moving average price is $22.96 and its 200-day moving average price is $28.81.

Hillenbrand (NYSE:HI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.06. The company had revenue of $715.90 million for the quarter, compared to analysts' expectations of $691.00 million. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. Hillenbrand's revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period last year, the firm posted $0.76 EPS. As a group, research analysts expect that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Dividend Announcement

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 paid a $0.225 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.89%. Hillenbrand's dividend payout ratio (DPR) is presently -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.