Hillenbrand, Inc. (NYSE:HI) Shares Sold by Skylands Capital LLC

Skylands Capital LLC reduced its stake in shares of Hillenbrand, Inc. (NYSE:HI) by 40.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,250 shares of the company’s stock after selling 3,550 shares during the period. Skylands Capital LLC’s holdings in Hillenbrand were worth $162,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of HI. R Squared Ltd purchased a new stake in shares of Hillenbrand during the 4th quarter worth about $27,000. YANKCOM Partnership acquired a new position in Hillenbrand during the fourth quarter valued at approximately $30,000. GAMMA Investing LLC grew its stake in Hillenbrand by 107.5% during the fourth quarter. GAMMA Investing LLC now owns 1,185 shares of the company’s stock worth $36,000 after buying an additional 614 shares during the period. Kennebec Savings Bank acquired a new stake in shares of Hillenbrand in the third quarter worth $48,000. Finally, Tompkins Financial Corp purchased a new position in shares of Hillenbrand in the 4th quarter valued at $54,000. 89.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Hillenbrand from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. DA Davidson reaffirmed a “neutral” rating and issued a $33.00 target price on shares of Hillenbrand in a research report on Friday, November 15th. Finally, KeyCorp lowered their target price on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th.

Hillenbrand Price Performance

Shares of HI stock opened at $30.27 on Tuesday. The firm has a fifty day simple moving average of $32.42 and a 200-day simple moving average of $31.06. The company has a market capitalization of $2.13 billion, a PE ratio of -9.64 and a beta of 1.43. Hillenbrand, Inc. has a twelve month low of $25.11 and a twelve month high of $50.58. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33.

Hillenbrand (NYSE:HI) last posted its quarterly earnings data 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 period in the previous year, the company posted $0.69 earnings per share. Equities research analysts anticipate that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.90 dividend on an annualized basis and a yield of 2.97%. Hillenbrand’s dividend payout ratio (DPR) is presently -28.66%.

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.