Blue Trust Inc. Has $3.98 Million Stock Position in Hillenbrand Inc (NYSE:HI)

Blue Trust Inc. lessened its stake in Hillenbrand Inc (NYSE:HI) by 18.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 164,691 shares of the company’s stock after selling 36,107 shares during the quarter. Blue Trust Inc. owned approximately 0.23% of Hillenbrand worth $3,976,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Bank of Montreal Can increased its position in Hillenbrand by 6.1% during the 4th quarter. Bank of Montreal Can now owns 13,039 shares of the company’s stock worth $401,000 after buying an additional 746 shares during the period. Cetera Investment Advisers increased its position in Hillenbrand by 8.8% during the 4th quarter. Cetera Investment Advisers now owns 9,574 shares of the company’s stock worth $295,000 after purchasing an additional 773 shares in the last quarter. GAMMA Investing LLC increased its position in Hillenbrand by 65.9% during the 1st quarter. GAMMA Investing LLC now owns 1,966 shares of the company’s stock worth $47,000 after purchasing an additional 781 shares in the last quarter. Swiss National Bank raised its holdings in Hillenbrand by 0.7% during the 4th quarter. Swiss National Bank now owns 138,159 shares of the company’s stock worth $4,253,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in Hillenbrand by 8.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 13,500 shares of the company’s stock worth $416,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 89.09% of the company’s stock.

Analyst Ratings Changes

HI has been the subject of several analyst reports. DA Davidson lowered their price target on shares of Hillenbrand from $33.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. KeyCorp downgraded shares of Hillenbrand from an “overweight” rating to a “sector weight” rating in a report on Thursday, May 8th.

Hillenbrand Trading Down 1.9%

Shares of HI opened at $19.34 on Thursday. The business’s 50-day moving average price is $20.73 and its 200-day moving average price is $26.82. Hillenbrand Inc has a twelve month low of $18.36 and a twelve month high of $45.53. The stock has a market cap of $1.36 billion, a PE ratio of -5.08 and a beta of 1.47. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.39.

Hillenbrand (NYSE:HI) last issued its earnings results on Tuesday, April 29th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.06. Hillenbrand had a positive return on equity of 15.03% and a negative net margin of 8.82%. The business had revenue of $715.90 million during the quarter, compared to analyst estimates of $691.00 million. During the same quarter in the prior year, the firm earned $0.76 earnings per share. Hillenbrand’s revenue for the quarter was down 8.8% on a year-over-year basis. On average, equities analysts forecast that Hillenbrand Inc will post 2.53 EPS for the current fiscal year.

Hillenbrand Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend is Monday, June 16th. Hillenbrand’s dividend payout ratio is -23.62%.

Hillenbrand Company 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.