Sherbrooke Park Advisers LLC Lowers Holdings in Hillenbrand, Inc. (NYSE:HI)

Sherbrooke Park Advisers LLC cut its holdings in Hillenbrand, Inc. (NYSE:HI) by 47.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,906 shares of the company’s stock after selling 14,287 shares during the period. Sherbrooke Park Advisers LLC’s holdings in Hillenbrand were worth $490,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Hillenbrand by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 8,666,374 shares of the company’s stock worth $266,751,000 after purchasing an additional 59,311 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Hillenbrand by 10.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,116,444 shares of the company’s stock worth $126,704,000 after acquiring an additional 387,048 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Hillenbrand by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,563,412 shares of the company’s stock worth $78,902,000 after acquiring an additional 111,953 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Hillenbrand by 10.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,818 shares of the company’s stock worth $33,391,000 after acquiring an additional 105,865 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Hillenbrand by 24.4% during the 4th quarter. Northern Trust Corp now owns 900,666 shares of the company’s stock worth $27,722,000 after acquiring an additional 176,482 shares in the last quarter. 89.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on HI shares. StockNews.com cut Hillenbrand from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. DA Davidson decreased their price objective on Hillenbrand from $33.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. Finally, KeyCorp cut Hillenbrand from an “overweight” rating to a “sector weight” rating in a report on Thursday, May 8th.

Hillenbrand Stock Performance

NYSE HI opened at $21.72 on Friday. The company has a market cap of $1.53 billion, a P/E ratio of -6.92 and a beta of 1.56. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.34. The business’s 50 day moving average price is $22.58 and its 200-day moving average price is $28.64. Hillenbrand, Inc. has a fifty-two week low of $18.36 and a fifty-two week high of $46.92.

Hillenbrand (NYSE:HI) last released its earnings results on Tuesday, April 29th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.06. The firm had revenue of $715.90 million for the quarter, compared to the consensus estimate of $691.00 million. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS. Sell-side analysts predict that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Monday, June 16th. Hillenbrand’s dividend payout ratio is currently -23.62%.

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.