Quantbot Technologies LP Trims Stock Holdings in Hillenbrand, Inc. (NYSE:HI)

Quantbot Technologies LP cut its stake in Hillenbrand, Inc. (NYSE:HI) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,496 shares of the company’s stock after selling 1,153 shares during the period. Quantbot Technologies LP owned 0.08% of Hillenbrand worth $1,677,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC raised its stake in shares of Hillenbrand by 57.7% in the 4th quarter. Intech Investment Management LLC now owns 46,146 shares of the company’s stock valued at $1,420,000 after purchasing an additional 16,879 shares in the last quarter. William Blair Investment Management LLC raised its stake in Hillenbrand by 1.9% during the fourth quarter. William Blair Investment Management LLC now owns 782,667 shares of the company’s stock worth $24,090,000 after acquiring an additional 14,256 shares during the period. Cibc World Markets Corp bought a new position in shares of Hillenbrand during the fourth quarter valued at approximately $202,000. Corient Private Wealth LLC grew its holdings in shares of Hillenbrand by 20.2% during the fourth quarter. Corient Private Wealth LLC now owns 16,421 shares of the company’s stock valued at $505,000 after purchasing an additional 2,761 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Hillenbrand by 0.7% during the 4th quarter. Swiss National Bank now owns 138,159 shares of the company’s stock worth $4,253,000 after purchasing an additional 1,000 shares during the period. 89.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Hillenbrand from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th.

Hillenbrand Trading Up 1.9 %

Hillenbrand stock opened at $26.25 on Tuesday. Hillenbrand, Inc. has a 52-week low of $24.64 and a 52-week high of $50.58. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of -8.36 and a beta of 1.41. The firm has a 50-day moving average price of $31.00 and a two-hundred day moving average price of $30.22.

Hillenbrand (NYSE:HI) last issued its quarterly earnings data 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 positive return on equity of 15.00% and a negative net margin of 7.12%. During the same period last year, the business posted $0.69 earnings per share. Sell-side analysts expect that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Friday, March 14th. Hillenbrand’s dividend payout ratio (DPR) is -28.66%.

Hillenbrand Company 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.