Sherbrooke Park Advisers LLC Sells 14,287 Shares of Hillenbrand, Inc. (NYSE:HI)

Sherbrooke Park Advisers LLC lessened its holdings in Hillenbrand, Inc. (NYSE:HI) by 47.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,906 shares of the company’s stock after selling 14,287 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in Hillenbrand were worth $490,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of HI. Barclays PLC grew its position in Hillenbrand by 17.9% in the 3rd quarter. Barclays PLC now owns 318,078 shares of the company’s stock valued at $8,841,000 after acquiring an additional 48,230 shares during the last quarter. Tompkins Financial Corp bought a new position in Hillenbrand in the 4th quarter valued at $54,000. Janney Montgomery Scott LLC bought a new position in Hillenbrand in the 4th quarter valued at $344,000. Fifth Third Bancorp grew its position in Hillenbrand by 0.5% in the 4th quarter. Fifth Third Bancorp now owns 80,208 shares of the company’s stock valued at $2,469,000 after acquiring an additional 387 shares during the last quarter. Finally, KBC Group NV grew its position in shares of Hillenbrand by 50.2% during the 4th quarter. KBC Group NV now owns 3,400 shares of the company’s stock worth $105,000 after buying an additional 1,137 shares in the last quarter. Institutional investors own 89.09% of the company’s stock.

Analyst Ratings Changes

HI has been the subject of several recent research reports. DA Davidson decreased their price objective on Hillenbrand from $33.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. StockNews.com cut shares of Hillenbrand from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, KeyCorp cut shares of Hillenbrand from an “overweight” rating to a “sector weight” rating in a report on Thursday, May 8th.

Hillenbrand Stock Up 0.9%

Shares of Hillenbrand stock opened at $21.72 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.86. Hillenbrand, Inc. has a 1 year low of $18.36 and a 1 year high of $46.92. The firm’s 50-day moving average is $22.58 and its two-hundred day moving average is $28.64. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of -6.92 and a beta of 1.56.

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 negative net margin of 7.12% and a positive return on equity of 15.00%. The company had revenue of $715.90 million for the quarter, compared to analysts’ expectations of $691.00 million. During the same period in the prior year, the business earned $0.76 EPS. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. As a group, research analysts expect that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 payout ratio is -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.