Hillenbrand, Inc. (NYSE:HI) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in shares of Hillenbrand, Inc. (NYSE:HI – Get Rating) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,052,677 shares of the company’s stock after selling 5,165 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.52% of Hillenbrand worth $38,653,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Deutsche Bank AG lifted its stake in shares of Hillenbrand by 124.3% in the 2nd quarter. Deutsche Bank AG now owns 763,694 shares of the company’s stock valued at $31,281,000 after purchasing an additional 423,290 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Hillenbrand by 42.7% during the second quarter. Goldman Sachs Group Inc. now owns 978,106 shares of the company’s stock worth $40,063,000 after buying an additional 292,538 shares during the period. Channing Capital Management LLC increased its position in shares of Hillenbrand by 19.9% during the third quarter. Channing Capital Management LLC now owns 1,227,742 shares of the company’s stock valued at $45,083,000 after acquiring an additional 203,713 shares during the last quarter. Ronald Blue Trust Inc. purchased a new stake in shares of Hillenbrand in the 2nd quarter valued at approximately $7,710,000. Finally, Prudential Financial Inc. raised its stake in shares of Hillenbrand by 42.1% in the 2nd quarter. Prudential Financial Inc. now owns 532,714 shares of the company’s stock valued at $21,820,000 after acquiring an additional 157,860 shares during the period. Hedge funds and other institutional investors own 85.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Hillenbrand from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 15th.

Hillenbrand Price Performance

HI opened at $45.35 on Monday. The stock’s 50-day moving average price is $46.23 and its 200 day moving average price is $44.14. Hillenbrand, Inc. has a 12-month low of $36.16 and a 12-month high of $53.54. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 15.75 and a beta of 1.46. The company has a current ratio of 1.39, a quick ratio of 0.92 and a debt-to-equity ratio of 1.58.

Hillenbrand (NYSE:HI – Get Rating) last issued its quarterly earnings results on Wednesday, February 8th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.21). The business had revenue of $655.70 million for the quarter, compared to analyst estimates of $726.37 million. Hillenbrand had a return on equity of 22.25% and a net margin of 7.16%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.94 EPS. As a group, sell-side analysts expect that Hillenbrand, Inc. will post 3.4 earnings per share for the current year.

Hillenbrand Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, March 16th. Hillenbrand’s payout ratio is currently 30.56%.

Hillenbrand Company Profile

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Hillenbrand, Inc engages in designing, manufacturing, and servicing highly engineered and mission-critical equipment and solutions to the customers. It operates through the following segments: Advanced Process Solutions, Molding Technology Solutions and Batesville. The Advanced Process Solutions segment provides compounding, extrusion, and material handling, screening, and separating equipment, systems, and services for manufacturing and other industrial processes.