Hillenbrand, Inc. (NYSE:HI) Stake Cut by Fmr LLC

FMR LLC lowered its position in Hillenbrand, Inc. (NYSE:HI - Free Report) by 11.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,160,736 shares of the company's stock after selling 944,442 shares during the quarter. FMR LLC owned approximately 10.17% of Hillenbrand worth $220,407,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of HI. BNP Paribas Financial Markets increased its holdings in Hillenbrand by 13.7% in the third quarter. BNP Paribas Financial Markets now owns 23,134 shares of the company's stock valued at $643,000 after buying an additional 2,790 shares in the last quarter. State Street Corp increased its position in Hillenbrand by 0.7% during the 3rd quarter. State Street Corp now owns 2,739,689 shares of the company's stock worth $76,163,000 after purchasing an additional 19,546 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Hillenbrand by 19.3% during the third quarter. Jane Street Group LLC now owns 205,053 shares of the company's stock valued at $5,700,000 after purchasing an additional 33,117 shares during the period. XTX Topco Ltd increased its stake in Hillenbrand by 13.4% during the 3rd quarter. XTX Topco Ltd now owns 15,052 shares of the company's stock worth $418,000 after buying an additional 1,774 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in Hillenbrand in the 3rd quarter worth $223,000. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Hillenbrand Stock Up 0.6 %

Hillenbrand stock traded up $0.12 during midday trading on Thursday, hitting $20.51. The stock had a trading volume of 160,815 shares, compared to its average volume of 452,220. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The business has a fifty day moving average price of $26.72 and a 200 day moving average price of $29.54. Hillenbrand, Inc. has a 12 month low of $18.36 and a 12 month high of $49.95. The stock has a market cap of $1.44 billion, a P/E ratio of -6.52 and a beta of 1.46.

Hillenbrand (NYSE:HI - Get Free Report) last released its quarterly earnings data 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 firm earned $0.69 earnings per share. Research analysts predict that Hillenbrand, Inc. will post 2.53 EPS for the current year.

Hillenbrand Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date was Friday, March 14th. Hillenbrand's dividend payout ratio is currently -28.66%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Hillenbrand from a "buy" rating to a "hold" rating in a report on Thursday, February 6th.

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.