Hillenbrand, Inc. (NYSE:HI) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in Hillenbrand, Inc. (NYSE:HI) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,820 shares of the company’s stock after selling 403 shares during the period. Nisa Investment Advisors LLC’s holdings in Hillenbrand were worth $148,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. KBC Group NV raised its stake in shares of Hillenbrand by 32.2% during the 3rd quarter. KBC Group NV now owns 2,263 shares of the company’s stock worth $63,000 after buying an additional 551 shares during the period. OneDigital Investment Advisors LLC lifted its holdings in Hillenbrand by 3.8% during the third quarter. OneDigital Investment Advisors LLC now owns 16,657 shares of the company’s stock valued at $463,000 after purchasing an additional 603 shares in the last quarter. GAMMA Investing LLC increased its stake 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 purchasing an additional 614 shares in the last quarter. SkyView Investment Advisors LLC raised its position in shares of Hillenbrand by 4.5% during the 3rd quarter. SkyView Investment Advisors LLC now owns 20,490 shares of the company’s stock worth $570,000 after purchasing an additional 891 shares during the last quarter. Finally, Matrix Trust Co purchased a new stake in Hillenbrand during the 3rd quarter worth approximately $25,000. Institutional investors and hedge funds own 89.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HI. StockNews.com raised shares of Hillenbrand from a “hold” rating to a “buy” rating in a research note on Thursday, December 26th. DA Davidson restated a “neutral” rating and set a $33.00 target price on shares of Hillenbrand in a report on Friday, November 15th. Finally, KeyCorp cut their price target on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 14th.

Hillenbrand Price Performance

Shares of HI stock opened at $34.19 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.83. The company has a market capitalization of $2.41 billion, a PE ratio of -11.44 and a beta of 1.43. The firm’s 50-day moving average is $32.52 and its two-hundred day moving average is $32.26. Hillenbrand, Inc. has a 12 month low of $25.11 and a 12 month high of $50.58.

Hillenbrand (NYSE:HI) last released its quarterly earnings results on Wednesday, November 13th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.93 by $0.08. The firm had revenue of $837.60 million for the quarter, compared to analyst estimates of $793.38 million. Hillenbrand had a negative net margin of 6.63% and a positive return on equity of 14.86%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.13 EPS. Analysts predict that Hillenbrand, Inc. will post 3.2 earnings per share for the current year.

Hillenbrand Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.225 per share. The ex-dividend date was Monday, December 16th. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a yield of 2.63%. Hillenbrand’s dividend payout ratio is -30.10%.

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.