Hillenbrand, Inc. (NYSE:HI) Shares Sold by Cerity Partners LLC

Cerity Partners LLC lessened its holdings in Hillenbrand, Inc. (NYSE:HI - Free Report) by 46.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,796 shares of the company's stock after selling 12,663 shares during the period. Cerity Partners LLC's holdings in Hillenbrand were worth $455,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in HI. Barclays PLC grew its position in shares of Hillenbrand by 17.9% in the 3rd quarter. Barclays PLC now owns 318,078 shares of the company's stock valued at $8,841,000 after buying an additional 48,230 shares during the last quarter. Geode Capital Management LLC raised its position in Hillenbrand by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company's stock valued at $44,565,000 after purchasing an additional 6,682 shares during the last quarter. SkyView Investment Advisors LLC boosted its stake in Hillenbrand by 4.5% during the 3rd quarter. SkyView Investment Advisors LLC now owns 20,490 shares of the company's stock worth $570,000 after purchasing an additional 891 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Hillenbrand during the 3rd quarter worth $17,178,000. Finally, GAMMA Investing LLC increased its stake in Hillenbrand by 107.5% in the fourth quarter. GAMMA Investing LLC now owns 1,185 shares of the company's stock valued at $36,000 after purchasing an additional 614 shares during the period. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Hillenbrand Price Performance

Shares of HI traded down $0.12 during mid-day trading on Friday, hitting $22.41. The company's stock had a trading volume of 189,076 shares, compared to its average volume of 457,057. The firm has a 50-day simple moving average of $25.15 and a 200 day simple moving average of $29.29. Hillenbrand, Inc. has a 1-year low of $18.36 and a 1-year high of $49.95. The firm has a market capitalization of $1.58 billion, a P/E ratio of -7.15 and a beta of 1.46. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33.

Hillenbrand (NYSE:HI - Get Free Report) last announced its quarterly 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 period in the prior year, the firm posted $0.69 earnings per share. Analysts predict that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.

Hillenbrand Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.225 per share. The ex-dividend date was Friday, March 14th. This represents a $0.90 dividend on an annualized basis and a yield of 4.02%. Hillenbrand's dividend payout ratio (DPR) is currently -28.66%.

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.