Graham Capital Management L.P. Has $930,000 Stake in Hillenbrand, Inc. (NYSE:HI)

Graham Capital Management L.P. trimmed its stake in Hillenbrand, Inc. (NYSE:HI) by 31.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,200 shares of the company’s stock after selling 14,018 shares during the period. Graham Capital Management L.P.’s holdings in Hillenbrand were worth $930,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Expect Equity LLC acquired a new stake in Hillenbrand in the fourth quarter valued at $1,503,000. D. E. Shaw & Co. Inc. increased its holdings in Hillenbrand by 3.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 154,971 shares of the company’s stock valued at $4,770,000 after purchasing an additional 5,336 shares during the period. Deutsche Bank AG increased its holdings in Hillenbrand by 18.2% in the fourth quarter. Deutsche Bank AG now owns 140,576 shares of the company’s stock valued at $4,327,000 after purchasing an additional 21,666 shares during the period. Cetera Investment Advisers increased its holdings in Hillenbrand by 8.8% in the fourth quarter. Cetera Investment Advisers now owns 9,574 shares of the company’s stock valued at $295,000 after purchasing an additional 773 shares during the period. Finally, Centiva Capital LP increased its holdings in Hillenbrand by 27.4% in the fourth quarter. Centiva Capital LP now owns 12,043 shares of the company’s stock valued at $371,000 after purchasing an additional 2,592 shares during the period. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Hillenbrand Stock Performance

HI stock opened at $23.12 on Wednesday. The stock has a 50-day moving average price of $22.96 and a 200-day moving average price of $28.81. Hillenbrand, Inc. has a 1-year low of $18.36 and a 1-year high of $46.92. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The firm has a market cap of $1.63 billion, a PE ratio of -7.36 and a beta of 1.56.

Hillenbrand (NYSE:HI) last issued its earnings results on Tuesday, April 29th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.54 by $0.06. The company had revenue of $715.90 million during 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 firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period last year, the business posted $0.76 EPS. As a group, equities research analysts expect that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.225 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.90 annualized dividend and a dividend yield of 3.89%. Hillenbrand’s dividend payout ratio is presently -23.62%.

Analysts Set New Price Targets

Several research firms have recently weighed in on HI. KeyCorp lowered Hillenbrand from an “overweight” rating to a “sector weight” rating in a research report on Thursday, May 8th. StockNews.com lowered Hillenbrand from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, DA Davidson lowered their price objective on Hillenbrand from $33.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st.

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.