Russell Investments Group Ltd. Sells 12,182 Shares of Hillenbrand, Inc. (NYSE:HI)

Russell Investments Group Ltd. lessened its stake in Hillenbrand, Inc. (NYSE:HI - Free Report) by 51.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,326 shares of the company's stock after selling 12,182 shares during the quarter. Russell Investments Group Ltd.'s holdings in Hillenbrand were worth $349,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HI. Barclays PLC lifted its position in shares of Hillenbrand by 17.9% in the third quarter. Barclays PLC now owns 318,078 shares of the company's stock valued at $8,841,000 after buying an additional 48,230 shares during the last quarter. SkyView Investment Advisors LLC lifted its holdings in Hillenbrand by 4.5% during the 3rd quarter. SkyView Investment Advisors LLC now owns 20,490 shares of the company's stock valued at $570,000 after purchasing an additional 891 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Hillenbrand during the third quarter worth $17,178,000. GAMMA Investing LLC increased its holdings in shares of Hillenbrand by 107.5% in the fourth quarter. GAMMA Investing LLC now owns 1,185 shares of the company's stock valued at $36,000 after purchasing an additional 614 shares during the last quarter. Finally, Matrix Trust Co increased its holdings in shares of Hillenbrand by 546.7% in the fourth quarter. Matrix Trust Co now owns 5,775 shares of the company's stock valued at $178,000 after purchasing an additional 4,882 shares during the last quarter. 89.09% of the stock is owned by institutional investors.

Hillenbrand Stock Performance

HI traded down $2.26 during trading on Wednesday, hitting $20.37. The stock had a trading volume of 1,819,099 shares, compared to its average volume of 466,799. 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 company has a 50 day moving average price of $24.48 and a 200-day moving average price of $29.24. Hillenbrand, Inc. has a one year low of $18.36 and a one year high of $46.92. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of -6.49 and a beta of 1.46.

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

Hillenbrand Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend was Friday, March 14th. Hillenbrand's dividend payout ratio (DPR) is currently -28.66%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Hillenbrand from a "buy" rating to a "hold" rating in a report on Thursday, February 6th.

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.