Allspring Global Investments Holdings LLC Lowers Stake in Hillenbrand, Inc. (NYSE:HI)

Allspring Global Investments Holdings LLC lessened its holdings in Hillenbrand, Inc. (NYSE:HI - Free Report) by 59.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 268,693 shares of the company's stock after selling 387,627 shares during the period. Allspring Global Investments Holdings LLC owned 0.38% of Hillenbrand worth $12,857,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Belpointe Asset Management LLC lifted its holdings in shares of Hillenbrand by 94.4% in the 1st quarter. Belpointe Asset Management LLC now owns 700 shares of the company's stock valued at $33,000 after acquiring an additional 340 shares during the last quarter. GoalVest Advisory LLC bought a new stake in Hillenbrand in the fourth quarter worth about $37,000. Northwestern Mutual Wealth Management Co. lifted its stake in Hillenbrand by 63.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 793 shares of the company's stock worth $34,000 after purchasing an additional 308 shares during the last quarter. First Capital Advisors Group LLC. bought a new stake in Hillenbrand in the second quarter worth about $48,000. Finally, Lazard Asset Management LLC bought a new stake in Hillenbrand in the third quarter worth about $50,000. Hedge funds and other institutional investors own 89.09% of the company's stock.

Hillenbrand Trading Down 0.7 %

Shares of Hillenbrand stock traded down $0.34 on Tuesday, hitting $46.97. 268,623 shares of the company traded hands, compared to its average volume of 292,488. The stock's 50 day moving average price is $47.76 and its 200-day moving average price is $44.30. The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 1.18. Hillenbrand, Inc. has a 52 week low of $37.19 and a 52 week high of $53.76. The company has a market cap of $3.29 billion, a PE ratio of 6.09 and a beta of 1.49.

Hillenbrand (NYSE:HI - Get Free Report) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. Hillenbrand had a net margin of 18.39% and a return on equity of 14.65%. The firm had revenue of $773.30 million during the quarter, compared to the consensus estimate of $776.40 million. Equities research analysts predict that Hillenbrand, Inc. will post 3.72 EPS for the current year.

Hillenbrand Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.222 per share. This represents a $0.89 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Thursday, March 14th. Hillenbrand's dividend payout ratio is presently 11.53%.

Insider Activity

In other Hillenbrand news, CFO Robert M. Vanhimbergen acquired 11,319 shares of the business's stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average cost of $45.23 per share, with a total value of $511,958.37. Following the completion of the acquisition, the chief financial officer now directly owns 34,559 shares in the company, valued at approximately $1,563,103.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Hillenbrand news, CEO Kimberly K. Ryan acquired 5,600 shares of the business's stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average cost of $44.94 per share, with a total value of $251,664.00. Following the completion of the acquisition, the chief executive officer now directly owns 133,604 shares in the company, valued at approximately $6,004,163.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert M. Vanhimbergen acquired 11,319 shares of the business's stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $45.23 per share, for a total transaction of $511,958.37. Following the completion of the acquisition, the chief financial officer now owns 34,559 shares of the company's stock, valued at $1,563,103.57. The disclosure for this purchase can be found here. Insiders own 1.80% of the company's stock.

Analyst Ratings Changes

HI has been the subject of several analyst reports. TheStreet downgraded shares of Hillenbrand from a "b-" rating to a "c+" rating in a research note on Monday, December 18th. CL King initiated coverage on shares of Hillenbrand in a research note on Tuesday, December 19th. They issued a "strong-buy" rating and a $61.00 price objective for the company.

Hillenbrand 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.