Victory Capital Management Inc. Cuts Position in Hillenbrand, Inc. (NYSE:HI)

Victory Capital Management Inc. trimmed its position in shares of Hillenbrand, Inc. (NYSE:HI) by 10.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,561,220 shares of the company’s stock after selling 312,069 shares during the period. Victory Capital Management Inc. owned about 3.64% of Hillenbrand worth $78,834,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in Hillenbrand in the fourth quarter valued at approximately $27,000. YANKCOM Partnership purchased a new position in Hillenbrand in the fourth quarter valued at approximately $30,000. GAMMA Investing LLC increased its stake in Hillenbrand by 107.5% in the fourth quarter. GAMMA Investing LLC now owns 1,185 shares of the company’s stock valued at $36,000 after purchasing an additional 614 shares during the last quarter. Kennebec Savings Bank purchased a new position in Hillenbrand in the third quarter valued at approximately $48,000. Finally, Tompkins Financial Corp purchased a new position in Hillenbrand in the fourth quarter valued at approximately $54,000. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HI has been the topic of several recent analyst reports. DA Davidson reiterated a “neutral” rating and issued a $33.00 price target on shares of Hillenbrand in a research note on Friday, November 15th. StockNews.com lowered shares of Hillenbrand from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, KeyCorp dropped their price target on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th.

Hillenbrand Price Performance

HI stock opened at $27.75 on Friday. The company has a market capitalization of $1.95 billion, a P/E ratio of -8.84 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 business has a 50 day simple moving average of $32.17 and a 200-day simple moving average of $30.80. 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 the consensus estimate 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 period in the prior year, the company earned $0.69 earnings per share. As a group, equities analysts anticipate that Hillenbrand, Inc. will post 2.53 EPS for the current year.

Hillenbrand Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Friday, March 14th. Hillenbrand’s payout ratio 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.