Wilmington Savings Fund Society FSB Sells 27,401 Shares of Hillenbrand, Inc. (NYSE:HI)

Wilmington Savings Fund Society FSB trimmed its holdings in Hillenbrand, Inc. (NYSE:HI) by 4.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 590,519 shares of the company’s stock after selling 27,401 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Hillenbrand were worth $18,176,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Squarepoint Ops LLC bought a new position in Hillenbrand during the 2nd quarter worth approximately $394,000. The Manufacturers Life Insurance Company boosted its stake in shares of Hillenbrand by 3.8% during the second quarter. The Manufacturers Life Insurance Company now owns 37,639 shares of the company’s stock valued at $1,506,000 after purchasing an additional 1,366 shares during the period. Creative Planning grew its holdings in shares of Hillenbrand by 9.3% in the second quarter. Creative Planning now owns 26,533 shares of the company’s stock worth $1,062,000 after purchasing an additional 2,259 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Hillenbrand by 78.4% in the third quarter. SG Americas Securities LLC now owns 31,937 shares of the company’s stock worth $888,000 after buying an additional 14,034 shares during the period. Finally, Handelsbanken Fonder AB raised its holdings in Hillenbrand by 17.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 16,297 shares of the company’s stock valued at $453,000 after buying an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Hillenbrand Trading Down 0.5 %

NYSE:HI opened at $31.30 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.83 and a debt-to-equity ratio of 1.33. The firm’s fifty day simple moving average is $32.47 and its 200 day simple moving average is $31.91. Hillenbrand, Inc. has a twelve month low of $25.11 and a twelve month high of $50.58.

Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates 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 business posted $0.69 EPS. Equities analysts predict that Hillenbrand, Inc. will post 2.94 earnings per share for the current fiscal year.

Hillenbrand Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.225 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.90 annualized dividend and a dividend yield of 2.88%. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. Hillenbrand’s dividend payout ratio is currently -28.66%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HI. DA Davidson reissued a “neutral” rating and issued a $33.00 price target on shares of Hillenbrand in a report on Friday, November 15th. StockNews.com lowered shares of Hillenbrand from a “buy” rating to a “hold” rating in a report on Thursday. Finally, KeyCorp reduced their price target on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th.

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.