Russell Investments Group Ltd. Sells 12,182 Shares of Hillenbrand, Inc. (NYSE:HI)

Russell Investments Group Ltd. decreased its position in Hillenbrand, Inc. (NYSE:HI - Free Report) by 51.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,326 shares of the company's stock after selling 12,182 shares during the quarter. Russell Investments Group Ltd.'s holdings in Hillenbrand were worth $349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of HI. Barclays PLC grew its position in Hillenbrand by 17.9% in the third quarter. Barclays PLC now owns 318,078 shares of the company's stock worth $8,841,000 after acquiring an additional 48,230 shares in the last quarter. SkyView Investment Advisors LLC lifted its stake in Hillenbrand by 4.5% in the third 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 last quarter. Wilmington Savings Fund Society FSB purchased a new position in Hillenbrand during the 3rd quarter valued at $17,178,000. GAMMA Investing LLC lifted its position 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 last quarter. Finally, Matrix Trust Co boosted its stake in shares of Hillenbrand by 546.7% during the fourth quarter. Matrix Trust Co now owns 5,775 shares of the company's stock valued at $178,000 after purchasing an additional 4,882 shares during the period. 89.09% of the stock is owned by hedge funds and other institutional investors.

Hillenbrand Stock Performance

Shares of HI stock opened at $22.55 on Friday. Hillenbrand, Inc. has a 52-week low of $18.36 and a 52-week high of $49.95. 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 stock has a market cap of $1.59 billion, a PE ratio of -7.18 and a beta of 1.46. The business has a 50-day simple moving average of $25.15 and a 200-day simple moving average of $29.29.

Hillenbrand (NYSE:HI - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 EPS for the quarter, beating the consensus estimate 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 quarter last year, the firm earned $0.69 EPS. On average, equities analysts expect that Hillenbrand, Inc. will post 2.53 EPS for the current year.

Hillenbrand Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend was Friday, March 14th. Hillenbrand's payout ratio is -28.66%.

Analyst Ratings Changes

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

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.

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