Clarkston Capital Partners LLC Has $115.33 Million Stock Position in Hillenbrand, Inc. (NYSE:HI)

Clarkston Capital Partners LLC lessened its position in Hillenbrand, Inc. (NYSE:HI) by 0.2% in the fourth quarter, HoldingsChannel reports. The fund owned 3,746,751 shares of the company’s stock after selling 9,384 shares during the quarter. Hillenbrand makes up approximately 2.2% of Clarkston Capital Partners LLC’s holdings, making the stock its 16th largest holding. Clarkston Capital Partners LLC owned 0.05% of Hillenbrand worth $115,325,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HI. R Squared Ltd acquired a new position in Hillenbrand during the fourth quarter worth $27,000. YANKCOM Partnership bought a new position in Hillenbrand in the 4th quarter valued at about $30,000. GAMMA Investing LLC boosted its stake in Hillenbrand by 107.5% during the 4th 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. Tompkins Financial Corp bought a new stake in Hillenbrand during the 4th quarter worth approximately $54,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Hillenbrand by 161.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,842 shares of the company’s stock worth $57,000 after purchasing an additional 1,138 shares during the last quarter. Institutional investors own 89.09% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Hillenbrand from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th.

Hillenbrand Stock Performance

Shares of HI opened at $19.86 on Friday. The stock has a 50 day moving average of $29.18 and a 200 day moving average of $30.01. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of -6.32 and a beta of 1.46. Hillenbrand, Inc. has a 12 month low of $19.12 and a 12 month high of $50.06. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33.

Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the company earned $0.69 earnings per share. As a group, sell-side analysts forecast that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.225 per share. The ex-dividend date was Friday, March 14th. This represents a $0.90 annualized dividend and a dividend yield of 4.53%. Hillenbrand’s payout ratio is -28.66%.

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.