Seven Six Capital Management LLC Acquires Shares of 95,177 Hillenbrand, Inc. (NYSE:HI)

Seven Six Capital Management LLC bought a new stake in Hillenbrand, Inc. (NYSE:HI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 95,177 shares of the company's stock, valued at approximately $2,930,000. Hillenbrand accounts for approximately 2.5% of Seven Six Capital Management LLC's investment portfolio, making the stock its 20th largest holding. Seven Six Capital Management LLC owned approximately 0.14% of Hillenbrand at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HI. R Squared Ltd acquired a new stake in Hillenbrand in the fourth quarter valued at $27,000. YANKCOM Partnership acquired a new stake in Hillenbrand in the fourth quarter valued at $30,000. Point72 Hong Kong Ltd acquired a new stake in Hillenbrand in the fourth quarter valued at $42,000. Sterling Capital Management LLC grew its holdings in Hillenbrand by 712.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,520 shares of the company's stock valued at $47,000 after purchasing an additional 1,333 shares during the last quarter. Finally, Tompkins Financial Corp acquired a new stake in Hillenbrand in the fourth quarter valued at $54,000. Institutional investors and hedge funds own 89.09% of the company's stock.

Hillenbrand Trading Up 0.3%

NYSE:HI traded up $0.06 on Tuesday, hitting $21.13. 382,746 shares of the stock were exchanged, compared to its average volume of 481,847. The stock has a market cap of $1.49 billion, a PE ratio of -6.73 and a beta of 1.56. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The stock has a fifty day moving average of $22.40 and a 200-day moving average of $28.55. Hillenbrand, Inc. has a fifty-two week low of $18.36 and a fifty-two week high of $46.92.

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

Hillenbrand Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.225 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.90 annualized dividend and a dividend yield of 4.26%. Hillenbrand's dividend payout ratio (DPR) is presently -23.62%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. KeyCorp lowered Hillenbrand from an "overweight" rating to a "sector weight" rating in a report on Thursday, May 8th. DA Davidson reduced their price objective on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Finally, StockNews.com downgraded Hillenbrand from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th.

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.