SG Americas Securities LLC lessened its position in Hillenbrand, Inc. (NYSE:HI) by 50.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,949 shares of the company’s stock after selling 7,128 shares during the period. SG Americas Securities LLC’s holdings in Hillenbrand were worth $311,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its position in Hillenbrand by 6.5% during the second quarter. Public Employees Retirement System of Ohio now owns 3,771 shares of the company’s stock valued at $136,000 after purchasing an additional 230 shares during the period. S&CO Inc. bought a new position in Hillenbrand during the fourth quarter valued at approximately $224,000. Everence Capital Management Inc. bought a new position in Hillenbrand during the third quarter valued at approximately $200,000. Teacher Retirement System of Texas bought a new position in Hillenbrand during the third quarter valued at approximately $202,000. Finally, CIBC Asset Management Inc bought a new position in Hillenbrand during the third quarter valued at approximately $204,000. Hedge funds and other institutional investors own 76.07% of the company’s stock.
Hillenbrand, Inc. (NYSE HI) opened at $44.90 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.24 and a quick ratio of 0.92. Hillenbrand, Inc. has a 52-week low of $34.65 and a 52-week high of $46.50. The firm has a market cap of $2,867.92, a P/E ratio of 20.50 and a beta of 1.31.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a $0.2075 dividend. The ex-dividend date is Thursday, March 15th. This represents a $0.83 annualized dividend and a yield of 1.85%. Hillenbrand’s payout ratio is presently 43.23%.
In other Hillenbrand news, VP Eric M. Teegarden sold 5,177 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $44.49, for a total value of $230,324.73. Following the transaction, the vice president now directly owns 3,531 shares in the company, valued at $157,094.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.81% of the stock is currently owned by company insiders.
HI has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Hillenbrand from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Tuesday, December 12th. B. Riley set a $50.00 price objective on shares of Hillenbrand and gave the company a “buy” rating in a research report on Thursday, November 16th. Finally, ValuEngine upgraded shares of Hillenbrand from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $51.50.
Hillenbrand Company Profile
Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
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