Hillenbrand, Inc. (NYSE:HI) Position Reduced by Cerity Partners LLC

Cerity Partners LLC reduced its position in Hillenbrand, Inc. (NYSE:HI) by 46.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,796 shares of the company’s stock after selling 12,663 shares during the period. Cerity Partners LLC’s holdings in Hillenbrand were worth $455,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Channing Capital Management LLC purchased a new stake in shares of Hillenbrand in the fourth quarter valued at $20,648,000. Wilmington Savings Fund Society FSB purchased a new position in Hillenbrand during the 3rd quarter valued at about $17,178,000. Raymond James Financial Inc. acquired a new position in shares of Hillenbrand in the 4th quarter valued at about $7,782,000. Prudential Financial Inc. lifted its position in shares of Hillenbrand by 211.3% in the fourth quarter. Prudential Financial Inc. now owns 233,645 shares of the company’s stock worth $7,192,000 after purchasing an additional 158,597 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in Hillenbrand by 131.4% during the fourth quarter. New York State Common Retirement Fund now owns 279,045 shares of the company’s stock valued at $8,589,000 after purchasing an additional 158,464 shares in the last quarter. Institutional investors and hedge funds own 89.09% of the company’s stock.

Hillenbrand Price Performance

Shares of NYSE:HI opened at $20.38 on Tuesday. Hillenbrand, Inc. has a twelve month low of $18.36 and a twelve month high of $49.95. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -6.49 and a beta of 1.46. The business has a 50 day moving average price of $25.93 and a 200 day moving average price of $29.43. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.33.

Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. Hillenbrand had a negative net margin of 7.12% and a positive return on equity of 15.00%. During the same period in the prior year, the firm posted $0.69 earnings per share. Research analysts predict that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date was Friday, March 14th. Hillenbrand’s dividend payout ratio is presently -28.66%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of 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.