Thrivent Financial for Lutherans Sells 867 Shares of Hillenbrand, Inc. (NYSE:HI)

Thrivent Financial for Lutherans reduced its holdings in Hillenbrand, Inc. (NYSE:HI) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,281 shares of the company’s stock after selling 867 shares during the period. Thrivent Financial for Lutherans’ holdings in Hillenbrand were worth $1,671,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in shares of Hillenbrand by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 978,953 shares of the company’s stock valued at $27,215,000 after buying an additional 48,390 shares during the last quarter. Cerity Partners LLC raised its holdings in Hillenbrand by 107.9% in the 3rd quarter. Cerity Partners LLC now owns 27,459 shares of the company’s stock valued at $763,000 after acquiring an additional 14,253 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Hillenbrand in the 3rd quarter worth approximately $284,000. Quantbot Technologies LP bought a new stake in shares of Hillenbrand in the 3rd quarter worth approximately $1,547,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Hillenbrand by 13.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 23,134 shares of the company’s stock worth $643,000 after purchasing an additional 2,790 shares in the last quarter. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Hillenbrand from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th.

Hillenbrand Stock Performance

NYSE HI opened at $24.98 on Friday. Hillenbrand, Inc. has a twelve month low of $24.64 and a twelve month high of $50.58. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.33. The stock has a market cap of $1.76 billion, a P/E ratio of -7.95 and a beta of 1.41. The company’s 50-day simple moving average is $30.38 and its 200 day simple moving average is $30.15.

Hillenbrand (NYSE:HI) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the business earned $0.69 EPS. As a group, research analysts forecast that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.225 per share. The ex-dividend date is Friday, March 14th. This represents a $0.90 annualized dividend and a yield of 3.60%. Hillenbrand’s dividend 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.