Edgestream Partners L.P. Sells 125,686 Shares of Hillenbrand, Inc. (NYSE:HI)

Edgestream Partners L.P. cut its holdings in shares of Hillenbrand, Inc. (NYSE:HI) by 80.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,452 shares of the company’s stock after selling 125,686 shares during the quarter. Edgestream Partners L.P.’s holdings in Hillenbrand were worth $968,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. R Squared Ltd bought a new stake in Hillenbrand in the 4th quarter valued at $27,000. YANKCOM Partnership purchased a new position in shares of Hillenbrand during the fourth quarter valued at about $30,000. GAMMA Investing LLC increased its holdings in shares of Hillenbrand by 107.5% in 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. Kennebec Savings Bank purchased a new stake in shares of Hillenbrand in the third quarter worth about $48,000. Finally, Tompkins Financial Corp bought a new position in Hillenbrand during the fourth quarter valued at approximately $54,000. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Hillenbrand Stock Up 1.7 %

Shares of NYSE HI opened at $26.60 on Wednesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.86. The firm has a 50-day simple moving average of $31.94 and a two-hundred day simple moving average of $30.63. Hillenbrand, Inc. has a 1 year low of $25.11 and a 1 year high of $50.58. The company has a market cap of $1.87 billion, a P/E ratio of -8.47 and a beta of 1.41.

Hillenbrand (NYSE:HI) last announced its quarterly earnings data 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 positive return on equity of 15.00% and a negative net margin of 7.12%. During the same period in the prior year, the firm posted $0.69 EPS. Research analysts anticipate that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.225 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.90 annualized dividend and a yield of 3.38%. Hillenbrand’s dividend payout ratio (DPR) is -28.66%.

Analyst Ratings Changes

A number of research firms have recently commented on HI. StockNews.com downgraded Hillenbrand from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. KeyCorp dropped their price objective on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. Finally, DA Davidson restated a “neutral” rating and set a $33.00 target price on shares of Hillenbrand in a research report on Friday, November 15th.

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.