Wilmington Savings Fund Society FSB Lowers Stake in Hillenbrand, Inc. (NYSE:HI)

Wilmington Savings Fund Society FSB lessened its position in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 590,519 shares of the company's stock after selling 27,401 shares during the period. Wilmington Savings Fund Society FSB owned approximately 0.84% of Hillenbrand worth $18,176,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HI. YANKCOM Partnership bought a new stake in shares of Hillenbrand during the fourth quarter worth $30,000. Choreo LLC grew its position in Hillenbrand by 40.7% during the 4th quarter. Choreo LLC now owns 20,951 shares of the company's stock worth $645,000 after acquiring an additional 6,060 shares during the last quarter. OLD National Bancorp IN acquired a new position in Hillenbrand in the 4th quarter worth about $208,000. R Squared Ltd bought a new position in Hillenbrand in the fourth quarter valued at about $27,000. Finally, Twelve Points Wealth Management LLC raised its position in Hillenbrand by 10.4% in the fourth quarter. Twelve Points Wealth Management LLC now owns 45,207 shares of the company's stock valued at $1,391,000 after purchasing an additional 4,248 shares during the last quarter. Institutional investors and hedge funds own 89.09% of the company's stock.

Hillenbrand Stock Performance

NYSE:HI traded down $0.80 on Wednesday, reaching $33.49. 695,810 shares of the company's stock were exchanged, compared to its average volume of 463,793. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of -10.67 and a beta of 1.43. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.83. The stock has a fifty day simple moving average of $32.39 and a 200-day simple moving average of $31.51. Hillenbrand, Inc. has a 52 week low of $25.11 and a 52 week high of $50.58.

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

Hillenbrand Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.225 dividend. This is a positive change from Hillenbrand's previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend was Monday, December 16th. Hillenbrand's dividend payout ratio (DPR) is currently -28.66%.

Wall Street Analysts Forecast Growth

HI has been the topic of several analyst reports. StockNews.com cut shares of Hillenbrand from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. 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. Finally, KeyCorp lowered their price objective on Hillenbrand from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, November 14th.

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.