Hillenbrand, Inc. (NYSE:HI) Shares Sold by Macquarie Group Ltd.

Macquarie Group Ltd. reduced its position in Hillenbrand, Inc. (NYSE:HI – Get Rating) by 15.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 31,974 shares of the company’s stock after selling 5,697 shares during the quarter. Macquarie Group Ltd.’s holdings in Hillenbrand were worth $1,225,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Asset Management One Co. Ltd. acquired a new stake in shares of Hillenbrand in the third quarter valued at approximately $104,000. Quadrant Capital Group LLC lifted its holdings in shares of Hillenbrand by 0.5% during the third quarter. Quadrant Capital Group LLC now owns 80,391 shares of the company’s stock worth $2,952,000 after purchasing an additional 414 shares during the period. GHP Investment Advisors Inc. lifted its holdings in shares of Hillenbrand by 30.7% during the second quarter. GHP Investment Advisors Inc. now owns 51,085 shares of the company’s stock worth $2,092,000 after purchasing an additional 11,993 shares during the period. Twelve Points Wealth Management LLC lifted its holdings in shares of Hillenbrand by 7.5% during the third quarter. Twelve Points Wealth Management LLC now owns 22,185 shares of the company’s stock worth $815,000 after purchasing an additional 1,549 shares during the period. Finally, Allianz Asset Management GmbH purchased a new position in Hillenbrand in the third quarter worth $2,188,000. 85.15% of the stock is owned by institutional investors and hedge funds.

Hillenbrand Trading Down 3.9 %

NYSE:HI opened at $45.35 on Friday. The stock has a fifty day moving average price of $46.23 and a two-hundred day moving average price of $44.14. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 15.75 and a beta of 1.46. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.92 and a current ratio of 1.39. Hillenbrand, Inc. has a 1 year low of $36.16 and a 1 year high of $53.54.

Hillenbrand (NYSE:HI – Get Rating) last announced its quarterly earnings results on Wednesday, February 8th. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.21). Hillenbrand had a net margin of 7.16% and a return on equity of 22.25%. The firm had revenue of $655.70 million during the quarter, compared to analysts’ expectations of $726.37 million. During the same quarter in the prior year, the business earned $0.94 EPS. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hillenbrand, Inc. will post 3.4 earnings per share for the current fiscal year.

Hillenbrand Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, March 16th. Hillenbrand’s dividend payout ratio is currently 30.56%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Hillenbrand from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 15th.

About Hillenbrand

(Get Rating)

Hillenbrand, Inc engages in designing, manufacturing, and servicing highly engineered and mission-critical equipment and solutions to the customers. It operates through the following segments: Advanced Process Solutions, Molding Technology Solutions and Batesville. The Advanced Process Solutions segment provides compounding, extrusion, and material handling, screening, and separating equipment, systems, and services for manufacturing and other industrial processes.