Bernzott Capital Advisors Sells 23,718 Shares of Hillenbrand, Inc. (NYSE:HI)

Bernzott Capital Advisors reduced its stake in Hillenbrand, Inc. (NYSE:HI - Free Report) by 10.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 202,035 shares of the company's stock after selling 23,718 shares during the period. Hillenbrand makes up about 3.1% of Bernzott Capital Advisors' holdings, making the stock its 15th largest holding. Bernzott Capital Advisors owned 0.29% of Hillenbrand worth $6,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Matrix Trust Co bought a new stake in shares of Hillenbrand in the 3rd quarter valued at about $25,000. GAMMA Investing LLC boosted its holdings in shares of Hillenbrand by 107.5% during the fourth quarter. GAMMA Investing LLC now owns 1,185 shares of the company's stock worth $36,000 after purchasing an additional 614 shares during the period. Kennebec Savings Bank purchased a new position in Hillenbrand during the 3rd quarter valued at about $48,000. KBC Group NV increased its holdings in Hillenbrand by 32.2% during the 3rd 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 period. Finally, nVerses Capital LLC bought a new position in Hillenbrand during the 3rd quarter valued at approximately $75,000. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on HI shares. StockNews.com raised Hillenbrand from a "hold" rating to a "buy" rating in a research note on Thursday, December 26th. KeyCorp cut their target price 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. Finally, DA Davidson reissued a "neutral" rating and issued a $33.00 price target on shares of Hillenbrand in a research note on Friday, November 15th.

Hillenbrand Stock Up 1.3 %

Shares of Hillenbrand stock traded up $0.42 during trading on Friday, hitting $33.91. The company's stock had a trading volume of 423,687 shares, compared to its average volume of 370,353. Hillenbrand, Inc. has a 52 week low of $25.11 and a 52 week high of $50.58. The company has a market capitalization of $2.39 billion, a PE ratio of -11.34 and a beta of 1.43. The company has a fifty day simple moving average of $32.03 and a two-hundred day simple moving average of $32.63. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 1.27.

Hillenbrand (NYSE:HI - Get Free Report) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.08. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. The firm had revenue of $837.60 million for the quarter, compared to analysts' expectations of $793.38 million. During the same period in the previous year, the firm posted $1.13 EPS. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. Equities research analysts predict that Hillenbrand, Inc. will post 3.2 earnings per share for the current year.

Hillenbrand Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Hillenbrand's previous quarterly dividend of $0.22. Hillenbrand's dividend payout ratio (DPR) is presently -30.10%.

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.