Keeley Teton Advisors LLC Trims Stock Position in Hillenbrand, Inc. (NYSE:HI)

Keeley Teton Advisors LLC reduced its stake in Hillenbrand, Inc. (NYSE:HI) by 43.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,273 shares of the company’s stock after selling 16,590 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Hillenbrand were worth $655,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Hillenbrand during the fourth quarter worth $27,000. YANKCOM Partnership purchased a new position in Hillenbrand during the 4th quarter worth $30,000. GAMMA Investing LLC lifted its stake in shares of Hillenbrand by 107.5% in the 4th quarter. GAMMA Investing LLC now owns 1,185 shares of the company’s stock worth $36,000 after acquiring an additional 614 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 1,333 shares in the last quarter. Finally, Tompkins Financial Corp acquired a new position in shares of Hillenbrand during the fourth quarter worth about $54,000. Institutional investors and hedge funds own 89.09% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of 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 $20.39 on Thursday. 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, Inc. has a 52-week low of $18.36 and a 52-week high of $49.95. The company has a 50-day simple moving average of $26.72 and a 200-day simple moving average of $29.54. The company has a market capitalization of $1.44 billion, a PE ratio of -6.49 and a beta of 1.46.

Hillenbrand (NYSE:HI) last issued its earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share (EPS) 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 previous year, the firm earned $0.69 earnings per share. Equities research analysts predict that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.225 per share. The ex-dividend date was Friday, March 14th. This represents a $0.90 dividend on an annualized basis and a yield of 4.41%. Hillenbrand’s payout ratio is -28.66%.

Hillenbrand Company 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.