LSV Asset Management Lowers Stock Position in Hillenbrand, Inc. (NYSE:HI)

LSV Asset Management reduced its holdings in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) by 74.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 351,880 shares of the company's stock after selling 1,022,833 shares during the period. LSV Asset Management owned 0.50% of Hillenbrand worth $16,837,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Victory Capital Management Inc. boosted its position in shares of Hillenbrand by 10.9% during the 4th quarter. Victory Capital Management Inc. now owns 2,885,216 shares of the company's stock worth $138,058,000 after purchasing an additional 283,608 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Hillenbrand by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 829,268 shares of the company's stock valued at $35,086,000 after acquiring an additional 28,886 shares during the period. Cerity Partners LLC bought a new stake in shares of Hillenbrand during the fourth quarter valued at approximately $756,000. Mcmorgan & Co. LLC raised its position in shares of Hillenbrand by 21.5% during the third quarter. Mcmorgan & Co. LLC now owns 60,701 shares of the company's stock worth $2,568,000 after purchasing an additional 10,735 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Hillenbrand by 8.2% in the 3rd quarter. Vanguard Group Inc. now owns 8,278,168 shares of the company's stock worth $350,249,000 after purchasing an additional 623,919 shares in the last quarter. 89.09% of the stock is owned by institutional investors.

Hillenbrand Stock Up 3.5 %

HI stock traded up $1.54 during midday trading on Tuesday, reaching $45.02. 467,067 shares of the company's stock traded hands, compared to its average volume of 303,192. 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 $3.16 billion, a price-to-earnings ratio of 37.21 and a beta of 1.49. The firm's fifty day moving average price is $47.81 and its 200-day moving average price is $44.93. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.24.

Hillenbrand (NYSE:HI - Get Free Report) last posted its earnings results on Tuesday, April 30th. The company reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.01. The company had revenue of $785.30 million for the quarter, compared to analyst estimates of $801.55 million. Hillenbrand had a net margin of 2.79% and a return on equity of 14.75%. The firm's revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 EPS. As a group, sell-side analysts forecast that Hillenbrand, Inc. will post 3.57 earnings per share for the current fiscal year.

Hillenbrand Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.222 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.89 annualized dividend and a yield of 1.97%. Hillenbrand's dividend payout ratio (DPR) is currently 73.55%.

Insider Buying and Selling at Hillenbrand

In other news, CEO Kimberly K. Ryan bought 5,600 shares of the stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $44.94 per share, for a total transaction 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Hillenbrand news, CEO Kimberly K. Ryan bought 5,600 shares of Hillenbrand stock in a transaction dated Friday, February 9th. The stock was 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Kimberly K. Ryan acquired 2,350 shares of the business's stock in a transaction on Friday, May 3rd. The stock was acquired at an average cost of $42.69 per share, for a total transaction of $100,321.50. Following the transaction, the chief executive officer now owns 135,954 shares of the company's stock, valued at approximately $5,803,876.26. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 23,456 shares of company stock worth $1,041,816. Corporate insiders own 1.80% of the company's stock.

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.