US Bancorp DE Cuts Stock Holdings in Hillenbrand, Inc. (NYSE:HI)

US Bancorp DE lowered its position in shares of Hillenbrand, Inc. (NYSE:HI) by 15.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,210 shares of the company’s stock after selling 1,343 shares during the quarter. US Bancorp DE’s holdings in Hillenbrand were worth $200,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Janney Montgomery Scott LLC lifted its stake in shares of Hillenbrand by 4.0% in the first quarter. Janney Montgomery Scott LLC now owns 14,049 shares of the company’s stock worth $707,000 after buying an additional 535 shares in the last quarter. Swiss National Bank lifted its stake in Hillenbrand by 0.4% in the 1st quarter. Swiss National Bank now owns 138,359 shares of the company’s stock worth $6,958,000 after purchasing an additional 600 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Hillenbrand by 9.4% during the 1st quarter. QRG Capital Management Inc. now owns 8,281 shares of the company’s stock worth $416,000 after purchasing an additional 712 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Hillenbrand by 30.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 25,670 shares of the company’s stock valued at $1,220,000 after purchasing an additional 5,940 shares in the last quarter. Finally, Chesapeake Capital Corp IL acquired a new stake in shares of Hillenbrand in the first quarter valued at approximately $566,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. KeyCorp dropped their price objective on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday. DA Davidson cut shares of Hillenbrand from a “buy” rating to a “neutral” rating and dropped their price target for the company from $54.00 to $33.00 in a research note on Monday, August 12th. Finally, StockNews.com lowered shares of Hillenbrand from a “hold” rating to a “sell” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Hillenbrand presently has an average rating of “Moderate Buy” and a consensus target price of $44.67.

Hillenbrand Stock Up 11.7 %

Shares of HI opened at $33.70 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.88 and a debt-to-equity ratio of 1.44. The firm has a market cap of $2.37 billion, a P/E ratio of -11.46 and a beta of 1.38. The company’s 50-day moving average price is $27.87 and its 200 day moving average price is $36.26. Hillenbrand, Inc. has a 12-month low of $25.11 and a 12-month high of $50.58.

Hillenbrand Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.2225 dividend. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Monday, September 16th. Hillenbrand’s dividend payout ratio is currently -30.27%.

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.