Hillenbrand, Inc. (NYSE:HI) Shares Sold by US Bancorp DE

US Bancorp DE lessened its holdings in Hillenbrand, Inc. (NYSE:HI) by 15.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 7,210 shares of the company’s stock after selling 1,343 shares during the quarter. US Bancorp DE’s holdings in Hillenbrand were worth $200,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HI. GAMMA Investing LLC raised its holdings in Hillenbrand by 58.2% in the second quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock valued at $28,000 after acquiring an additional 262 shares in the last quarter. Matrix Trust Co purchased a new stake in shares of Hillenbrand in the 3rd quarter valued at approximately $25,000. Summit Securities Group LLC acquired a new stake in shares of Hillenbrand in the 2nd quarter valued at $90,000. Innealta Capital LLC purchased a new stake in shares of Hillenbrand during the 2nd quarter worth $93,000. Finally, LRI Investments LLC acquired a new position in shares of Hillenbrand during the first quarter worth $117,000. Institutional investors and hedge funds own 89.09% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on HI shares. KeyCorp cut their price target on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday. DA Davidson cut Hillenbrand from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $54.00 to $33.00 in a research note on Monday, August 12th. Finally, StockNews.com cut shares of Hillenbrand from a “hold” rating to a “sell” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Hillenbrand has an average rating of “Moderate Buy” and a consensus price target of $44.67.

Hillenbrand Stock Up 11.7 %

HI opened at $33.70 on Friday. Hillenbrand, Inc. has a one year low of $25.11 and a one year high of $50.58. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.88 and a current ratio of 1.35. The stock has a market capitalization of $2.37 billion, a P/E ratio of -11.46 and a beta of 1.38. The business’s 50-day simple moving average is $27.87 and its 200-day simple moving average is $36.26.

Hillenbrand Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.2225 per share. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.89 annualized dividend and a yield of 2.64%. Hillenbrand’s payout ratio is -30.27%.

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.