Amalgamated Bank Has $579,000 Stake in Hillenbrand, Inc. (NYSE:HI)

Amalgamated Bank lowered its position in Hillenbrand, Inc. (NYSE:HI) by 2.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,836 shares of the company’s stock after selling 609 shares during the period. Amalgamated Bank’s holdings in Hillenbrand were worth $579,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its position in Hillenbrand by 58.2% in the second quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock worth $28,000 after acquiring an additional 262 shares in the last quarter. Matrix Trust Co acquired a new stake in shares of Hillenbrand in the 3rd quarter valued at $25,000. Summit Securities Group LLC bought a new stake in Hillenbrand in the second quarter worth $90,000. Innealta Capital LLC bought a new position in Hillenbrand during the second quarter valued at about $93,000. Finally, LRI Investments LLC acquired a new stake in shares of Hillenbrand in the first quarter worth about $117,000. Institutional investors own 89.09% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. StockNews.com lowered Hillenbrand from a “hold” rating to a “sell” rating in a report on Thursday. KeyCorp decreased their target price on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, DA Davidson reissued a “neutral” rating and issued a $33.00 price target on shares of Hillenbrand in a research report on Friday. One analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $44.67.

Hillenbrand Price Performance

NYSE HI opened at $32.75 on Friday. The stock has a 50-day simple moving average of $27.94 and a 200 day simple moving average of $36.24. Hillenbrand, Inc. has a twelve month low of $25.11 and a twelve month high of $50.58. The stock has a market capitalization of $2.30 billion, a PE ratio of -10.96 and a beta of 1.38. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.88 and a current ratio of 1.35.

Hillenbrand Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.2225 dividend. This represents a $0.89 annualized dividend and a dividend yield of 2.72%. This is a boost from Hillenbrand’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, September 16th. Hillenbrand’s dividend payout ratio is currently -29.77%.

Hillenbrand Company 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.