Hillenbrand, Inc. (NYSE:HI) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC cut its position in Hillenbrand, Inc. (NYSE:HI - Free Report) by 10.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,823 shares of the company's stock after selling 20,649 shares during the period. Lazard Asset Management LLC owned 0.26% of Hillenbrand worth $5,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in Hillenbrand in the 4th quarter valued at $27,000. YANKCOM Partnership purchased a new position in shares of Hillenbrand in the fourth quarter worth about $30,000. Sterling Capital Management LLC boosted its position in Hillenbrand by 712.8% during the fourth quarter. Sterling Capital Management LLC now owns 1,520 shares of the company's stock worth $47,000 after acquiring an additional 1,333 shares during the last quarter. Tompkins Financial Corp purchased a new stake in Hillenbrand during the 4th quarter valued at about $54,000. Finally, Smartleaf Asset Management LLC grew its stake in Hillenbrand by 161.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,842 shares of the company's stock valued at $57,000 after acquiring an additional 1,138 shares in the last quarter. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Hillenbrand Trading Down 2.7%

Hillenbrand stock traded down $0.57 during midday trading on Wednesday, hitting $20.52. 134,450 shares of the stock were exchanged, compared to its average volume of 480,559. Hillenbrand, Inc. has a fifty-two week low of $18.36 and a fifty-two week high of $46.92. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -6.53 and a beta of 1.56. The stock's 50-day simple moving average is $22.40 and its 200 day simple moving average is $28.55. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33.

Hillenbrand (NYSE:HI - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.06. The company had revenue of $715.90 million for the quarter, compared to analyst estimates of $691.00 million. Hillenbrand had a negative net margin of 7.12% and a positive return on equity of 15.00%. Hillenbrand's revenue was down 8.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 EPS. On average, equities analysts anticipate that Hillenbrand, Inc. will post 2.53 EPS for the current year.

Hillenbrand Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.225 per share. The ex-dividend date is Monday, June 16th. This represents a $0.90 annualized dividend and a yield of 4.39%. Hillenbrand's dividend payout ratio (DPR) is -23.62%.

Analyst Ratings Changes

A number of research analysts have weighed in 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 downgraded Hillenbrand from an "overweight" rating to a "sector weight" rating in a research report on Thursday, May 8th. Finally, DA Davidson lowered their price objective on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st.

Hillenbrand Company 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.