Hillenbrand, Inc. (NYSE:HI) Shares Sold by Skylands Capital LLC

Skylands Capital LLC lowered its stake in Hillenbrand, Inc. (NYSE:HI) by 40.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,250 shares of the company’s stock after selling 3,550 shares during the period. Skylands Capital LLC’s holdings in Hillenbrand were worth $162,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HI. Fifth Third Bancorp raised its position in shares of Hillenbrand by 0.5% during the 4th quarter. Fifth Third Bancorp now owns 80,208 shares of the company’s stock valued at $2,469,000 after acquiring an additional 387 shares in the last quarter. KBC Group NV increased its stake in Hillenbrand by 32.2% during the third quarter. KBC Group NV now owns 2,263 shares of the company’s stock valued at $63,000 after purchasing an additional 551 shares during the last quarter. OneDigital Investment Advisors LLC raised its holdings in shares of Hillenbrand by 3.8% during the third quarter. OneDigital Investment Advisors LLC now owns 16,657 shares of the company’s stock worth $463,000 after purchasing an additional 603 shares during the period. GAMMA Investing LLC lifted its position in shares of Hillenbrand by 107.5% in 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. Finally, R Squared Ltd acquired a new position in shares of Hillenbrand in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 89.09% of the company’s stock.

Hillenbrand Stock Performance

Shares of HI opened at $30.27 on Tuesday. The firm has a fifty day moving average of $32.42 and a 200-day moving average of $31.06. The company has a market cap of $2.13 billion, a price-to-earnings ratio of -9.64 and a beta of 1.43. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.34. Hillenbrand, Inc. has a 1 year low of $25.11 and a 1 year high of $50.58.

Hillenbrand (NYSE:HI) last posted its earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating 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 business posted $0.69 earnings per share. As a group, equities analysts anticipate that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Friday, March 14th. Hillenbrand’s dividend payout ratio (DPR) is -28.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. KeyCorp dropped their price objective on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. StockNews.com lowered Hillenbrand from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, DA Davidson reissued a “neutral” rating and issued a $33.00 price target on shares of Hillenbrand in a report on Friday, November 15th.

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.