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

Lazard Asset Management LLC trimmed its stake in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) by 10.1% during the fourth quarter, according to its most recent 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 quarter. Lazard Asset Management LLC owned approximately 0.26% of Hillenbrand worth $5,627,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new stake in Hillenbrand during the fourth quarter valued at approximately $27,000. YANKCOM Partnership acquired a new stake in Hillenbrand during the fourth quarter valued at approximately $30,000. Sterling Capital Management LLC raised its stake in Hillenbrand by 712.8% during the fourth quarter. Sterling Capital Management LLC now owns 1,520 shares of the company's stock valued at $47,000 after buying an additional 1,333 shares in the last quarter. Tompkins Financial Corp acquired a new stake in Hillenbrand during the fourth quarter valued at approximately $54,000. Finally, Smartleaf Asset Management LLC raised its stake in Hillenbrand by 161.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,842 shares of the company's stock valued at $57,000 after buying an additional 1,138 shares in the last quarter. 89.09% of the stock is currently owned by institutional investors.

Hillenbrand Stock Performance

Shares of HI stock traded up $0.08 during trading hours on Tuesday, reaching $21.15. The stock had a trading volume of 215,234 shares, compared to its average volume of 512,591. Hillenbrand, Inc. has a twelve month low of $18.36 and a twelve month high of $46.92. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.86. The firm has a market capitalization of $1.49 billion, a PE ratio of -6.71 and a beta of 1.56. The firm has a 50-day simple moving average of $22.48 and a 200-day simple moving average of $28.60.

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

Hillenbrand Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend is Monday, June 16th. Hillenbrand's dividend payout ratio is currently -23.62%.

Wall Street Analysts Forecast Growth

HI has been the topic of a number of research reports. DA Davidson dropped their price target on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. StockNews.com cut Hillenbrand from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, KeyCorp cut Hillenbrand from an "overweight" rating to a "sector weight" rating in a research report on Thursday, May 8th.

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.