Hillenbrand, Inc. (NYSE:HI) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its position in shares of Hillenbrand, Inc. (NYSE:HI) by 2.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,836 shares of the company’s stock after selling 609 shares during the period. Amalgamated Bank’s holdings in Hillenbrand were worth $579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HI. Vanguard Group Inc. increased its holdings in shares of Hillenbrand by 3.5% during the first quarter. Vanguard Group Inc. now owns 8,702,418 shares of the company’s stock valued at $437,645,000 after purchasing an additional 290,275 shares during the period. Dimensional Fund Advisors LP grew its position in Hillenbrand by 13.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock valued at $87,408,000 after buying an additional 253,730 shares in the last quarter. Bernzott Capital Advisors increased its stake in Hillenbrand by 51.3% during the 3rd quarter. Bernzott Capital Advisors now owns 225,753 shares of the company’s stock valued at $6,276,000 after buying an additional 76,533 shares during the period. Roubaix Capital LLC bought a new stake in shares of Hillenbrand during the 1st quarter worth about $3,664,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Hillenbrand in the 1st quarter worth approximately $3,285,000. Institutional investors own 89.09% of the company’s stock.

Hillenbrand Price Performance

Shares of NYSE:HI opened at $32.75 on Friday. The company’s fifty day moving average is $27.94 and its two-hundred day moving average is $36.24. The company has a market cap of $2.30 billion, a P/E ratio of -10.96 and a beta of 1.38. Hillenbrand, Inc. has a 12-month low of $25.11 and a 12-month high of $50.58. The company has a quick ratio of 0.88, a current ratio of 1.35 and a debt-to-equity ratio of 1.44.

Hillenbrand Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.2225 dividend. This is an increase from Hillenbrand’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, September 16th. This represents a $0.89 dividend on an annualized basis and a yield of 2.72%. Hillenbrand’s dividend payout ratio is presently -29.77%.

Analysts Set New Price Targets

A number of research analysts recently commented on HI shares. DA Davidson reiterated a “neutral” rating and set a $33.00 price objective on shares of Hillenbrand in a research note on Friday. KeyCorp decreased their price target on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, StockNews.com downgraded Hillenbrand from a “hold” rating to a “sell” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.67.

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.