Blue Trust Inc. Has $6.18 Million Stock Position in Hillenbrand, Inc. (NYSE:HI)

Blue Trust Inc. raised its position in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) by 23.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 200,798 shares of the company's stock after purchasing an additional 38,223 shares during the period. Blue Trust Inc. owned 0.29% of Hillenbrand worth $6,181,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. YANKCOM Partnership bought a new position in shares of Hillenbrand in the fourth quarter worth $30,000. Choreo LLC lifted its holdings in Hillenbrand by 40.7% in the fourth quarter. Choreo LLC now owns 20,951 shares of the company's stock worth $645,000 after purchasing an additional 6,060 shares during the period. OLD National Bancorp IN bought a new position in Hillenbrand in the 4th quarter valued at about $208,000. R Squared Ltd acquired a new position in Hillenbrand during the 4th quarter valued at about $27,000. Finally, Twelve Points Wealth Management LLC raised its position in shares of Hillenbrand by 10.4% during the 4th quarter. Twelve Points Wealth Management LLC now owns 45,207 shares of the company's stock worth $1,391,000 after buying an additional 4,248 shares in the last quarter. 89.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HI shares. DA Davidson reiterated a "neutral" rating and issued a $33.00 price objective on shares of Hillenbrand in a report on Friday, November 15th. KeyCorp cut their target price on Hillenbrand from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, November 14th. Finally, StockNews.com cut Hillenbrand from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th.

Hillenbrand Price Performance

NYSE HI traded down $1.68 on Wednesday, reaching $33.30. The company's stock had a trading volume of 527,393 shares, compared to its average volume of 468,381. Hillenbrand, Inc. has a twelve month low of $25.11 and a twelve month high of $50.58. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.34. The firm's 50 day moving average is $32.48 and its two-hundred day moving average is $31.25. The stock has a market cap of $2.34 billion, a PE ratio of -10.60 and a beta of 1.43.

Hillenbrand (NYSE:HI - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.56 EPS for the quarter, topping 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 period in the prior year, the company posted $0.69 EPS. As a group, sell-side analysts predict that Hillenbrand, Inc. will post 2.94 EPS for the current year.

Hillenbrand Announces Dividend

The business also recently announced 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 dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, March 14th. Hillenbrand's payout ratio is -28.66%.

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.