Hillenbrand, Inc. (NYSE:HI) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in Hillenbrand, Inc. (NYSE:HI – Get Rating) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,245 shares of the company’s stock after selling 554 shares during the period. Thrivent Financial for Lutherans owned approximately 0.10% of Hillenbrand worth $3,040,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC lifted its position in shares of Hillenbrand by 97.8% during the 4th quarter. CWM LLC now owns 809 shares of the company’s stock valued at $35,000 after acquiring an additional 400 shares during the last quarter. Mendota Financial Group LLC acquired a new stake in shares of Hillenbrand during the 4th quarter valued at $60,000. Point72 Hong Kong Ltd acquired a new stake in shares of Hillenbrand during the 3rd quarter valued at $99,000. Asset Management One Co. Ltd. acquired a new stake in shares of Hillenbrand during the 3rd quarter valued at $104,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Hillenbrand during the 3rd quarter valued at $112,000. 85.15% of the stock is currently owned by institutional investors and hedge funds.

Hillenbrand Price Performance

Shares of NYSE:HI opened at $47.55 on Tuesday. The company’s fifty day moving average is $45.57 and its two-hundred day moving average is $45.99. The company has a quick ratio of 0.92, a current ratio of 1.39 and a debt-to-equity ratio of 1.58. Hillenbrand, Inc. has a 12-month low of $36.16 and a 12-month high of $53.54. The company has a market cap of $3.31 billion, a P/E ratio of 5.44 and a beta of 1.48.

Hillenbrand (NYSE:HI – Get Rating) last announced its earnings results on Monday, May 8th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.04. Hillenbrand had a net margin of 7.16% and a return on equity of 22.25%. The company had revenue of $691.00 million for the quarter, compared to the consensus estimate of $675.20 million. During the same period in the previous year, the business earned $1.01 EPS. The company’s revenue was down 6.9% on a year-over-year basis. Equities analysts expect that Hillenbrand, Inc. will post 3.4 earnings per share for the current fiscal year.

Hillenbrand Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, June 15th. Hillenbrand’s dividend payout ratio (DPR) is presently 10.07%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Hillenbrand from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th.

About Hillenbrand

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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.