Hillenbrand, Inc. (NYSE:HI) Stake Lessened by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its holdings in Hillenbrand, Inc. (NYSE:HI) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,281 shares of the company’s stock after selling 867 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Hillenbrand worth $1,671,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Hillenbrand in the 4th quarter valued at approximately $27,000. YANKCOM Partnership acquired a new position in shares of Hillenbrand in the fourth quarter worth $30,000. GAMMA Investing LLC raised its holdings in shares of Hillenbrand by 107.5% during the fourth quarter. GAMMA Investing LLC now owns 1,185 shares of the company’s stock worth $36,000 after acquiring an additional 614 shares in the last quarter. Tompkins Financial Corp acquired a new stake in Hillenbrand during the fourth quarter valued at $54,000. Finally, Smartleaf Asset Management LLC grew its stake in Hillenbrand by 161.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,842 shares of the company’s stock valued at $57,000 after purchasing an additional 1,138 shares in the last quarter. 89.09% of the stock is owned by institutional investors and hedge funds.

Hillenbrand Stock Down 2.4 %

Hillenbrand stock opened at $24.98 on Friday. The company has a market capitalization of $1.76 billion, a P/E ratio of -7.95 and a beta of 1.41. Hillenbrand, Inc. has a 1-year low of $24.64 and a 1-year high of $50.58. The firm’s fifty day simple moving average is $30.38 and its 200-day simple moving average is $30.15. 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 announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. During the same period in the previous year, the company earned $0.69 earnings per share. Sell-side analysts forecast that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Friday, March 14th. Hillenbrand’s dividend payout ratio is -28.66%.

Wall Street Analyst Weigh In

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

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.