Hillenbrand, Inc. (NYSE:HI) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its position in Hillenbrand, Inc. (NYSE:HI) by 40.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,594 shares of the company’s stock after selling 12,003 shares during the period. Commonwealth Equity Services LLC’s holdings in Hillenbrand were worth $542,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Fifth Third Bancorp lifted its stake in Hillenbrand by 0.5% during the fourth quarter. Fifth Third Bancorp now owns 80,208 shares of the company’s stock worth $2,469,000 after purchasing an additional 387 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Hillenbrand by 107.5% during the 4th quarter. GAMMA Investing LLC now owns 1,185 shares of the company’s stock worth $36,000 after buying an additional 614 shares during the last quarter. R Squared Ltd acquired a new position in shares of Hillenbrand in the 4th quarter valued at $27,000. SkyView Investment Advisors LLC grew its position in shares of Hillenbrand by 4.5% in the 3rd quarter. SkyView Investment Advisors LLC now owns 20,490 shares of the company’s stock valued at $570,000 after buying an additional 891 shares during the last quarter. Finally, YANKCOM Partnership purchased a new position in shares of Hillenbrand in the 4th quarter valued at $30,000. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Hillenbrand Trading Down 7.9 %

NYSE:HI opened at $19.86 on Friday. The company has a market capitalization of $1.40 billion, a PE ratio of -6.32 and a beta of 1.46. Hillenbrand, Inc. has a 52-week low of $19.12 and a 52-week high of $50.06. The stock’s 50 day moving average price is $29.18 and its 200 day moving average price is $29.99. 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 announced its earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping 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 quarter last year, the firm earned $0.69 EPS. On average, research analysts anticipate that Hillenbrand, Inc. will post 2.53 EPS for the current year.

Hillenbrand Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.225 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.90 dividend on an annualized basis and a yield of 4.53%. Hillenbrand’s dividend payout ratio is presently -28.66%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Hillenbrand from a “buy” rating to a “hold” rating in a research note 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.