Truvestments Capital LLC Has $52,000 Position in Hillenbrand, Inc. (NYSE:HI)

Truvestments Capital LLC lowered its holdings in Hillenbrand, Inc. (NYSE:HI) by 75.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,680 shares of the company’s stock after selling 5,056 shares during the quarter. Truvestments Capital LLC’s holdings in Hillenbrand were worth $52,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in Hillenbrand by 2.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company’s stock valued at $79,877,000 after acquiring an additional 66,741 shares in the last quarter. State Street Corp lifted its stake in Hillenbrand by 0.7% during the 3rd quarter. State Street Corp now owns 2,739,689 shares of the company’s stock valued at $76,163,000 after acquiring an additional 19,546 shares in the last quarter. Geode Capital Management LLC lifted its stake in Hillenbrand by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company’s stock valued at $44,565,000 after acquiring an additional 6,682 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Hillenbrand by 10.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,818 shares of the company’s stock valued at $33,391,000 after acquiring an additional 105,865 shares in the last quarter. Finally, Channing Capital Management LLC bought a new position in Hillenbrand during the 4th quarter valued at $20,648,000. Institutional investors and hedge funds own 89.09% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on HI shares. KeyCorp dropped their price objective on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. DA Davidson reiterated a “neutral” rating and set a $33.00 target price on shares of Hillenbrand in a research note on Friday, November 15th. Finally, StockNews.com cut Hillenbrand from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th.

Hillenbrand Trading Down 5.2 %

NYSE HI opened at $24.83 on Friday. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of -7.91 and a beta of 1.41. Hillenbrand, Inc. has a one year low of $24.80 and a one year high of $50.58. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.86. The business’s fifty day moving average is $31.73 and its 200-day moving average is $30.55.

Hillenbrand (NYSE:HI) last released its earnings results on Wednesday, February 5th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. During the same quarter in the previous year, the business posted $0.69 EPS. Equities research analysts predict that Hillenbrand, Inc. will post 2.53 EPS for the current year.

Hillenbrand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 3.62%. The ex-dividend date is Friday, March 14th. Hillenbrand’s dividend payout ratio (DPR) is currently -28.66%.

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.