Royce & Associates LP Sells 207,980 Shares of Hillenbrand, Inc. (NYSE:HI)

Royce & Associates LP reduced its holdings in shares of Hillenbrand, Inc. (NYSE:HIGet Rating) by 72.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,200 shares of the company’s stock after selling 207,980 shares during the period. Royce & Associates LP owned approximately 0.11% of Hillenbrand worth $2,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Pinebridge Investments L.P. increased its position in Hillenbrand by 263.5% during the 2nd quarter. Pinebridge Investments L.P. now owns 727 shares of the company’s stock valued at $30,000 after buying an additional 527 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Hillenbrand by 77.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 803 shares of the company’s stock valued at $33,000 after purchasing an additional 350 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new stake in Hillenbrand during the 3rd quarter valued at about $77,000. Bridgefront Capital LLC purchased a new stake in Hillenbrand during the 1st quarter valued at about $238,000. Finally, KBC Group NV grew its stake in Hillenbrand by 112.8% during the 2nd quarter. KBC Group NV now owns 6,266 shares of the company’s stock valued at $257,000 after purchasing an additional 3,321 shares during the last quarter. 85.15% of the stock is owned by institutional investors and hedge funds.

Hillenbrand Stock Up 0.9 %

Hillenbrand stock opened at $45.01 on Wednesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.81 and a current ratio of 1.30. The business’s 50-day simple moving average is $46.12 and its two-hundred day simple moving average is $43.43. The company has a market cap of $3.12 billion, a PE ratio of 15.52 and a beta of 1.43. Hillenbrand, Inc. has a fifty-two week low of $36.16 and a fifty-two week high of $53.54.

Hillenbrand (NYSE:HIGet Rating) last issued its earnings results on Wednesday, November 16th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. Hillenbrand had a return on equity of 23.68% and a net margin of 7.10%. The firm had revenue of $749.90 million for the quarter. Equities analysts anticipate that Hillenbrand, Inc. will post 4.25 EPS for the current year.

Hillenbrand Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 16th were paid a $0.22 dividend. This is an increase from Hillenbrand’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, December 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.96%. Hillenbrand’s dividend payout ratio is presently 30.34%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Hillenbrand from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 20th.

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.

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Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

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