Citigroup Inc. lessened its position in shares of Hillenbrand, Inc. (NYSE:HI – Free Report) by 46.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,510 shares of the company’s stock after selling 25,110 shares during the period. Citigroup Inc.’s holdings in Hillenbrand were worth $1,249,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in HI. Charles Schwab Investment Management Inc. boosted its holdings in shares of Hillenbrand by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 829,268 shares of the company’s stock worth $35,086,000 after purchasing an additional 28,886 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Hillenbrand by 10.3% during the 3rd quarter. New York State Common Retirement Fund now owns 466,121 shares of the company’s stock valued at $19,722,000 after acquiring an additional 43,372 shares during the period. Rice Hall James & Associates LLC purchased a new stake in Hillenbrand in the 3rd quarter worth approximately $2,035,000. Bank of Montreal Can purchased a new stake in Hillenbrand in the 2nd quarter worth approximately $741,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Hillenbrand by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,562,963 shares of the company’s stock worth $80,150,000 after buying an additional 25,787 shares during the period. 89.12% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Hillenbrand
In related news, CEO Kimberly K. Ryan acquired 3,156 shares of the stock in a transaction on Thursday, December 7th. The stock was acquired at an average price of $39.54 per share, for a total transaction of $124,788.24. Following the completion of the purchase, the chief executive officer now owns 109,925 shares of the company’s stock, valued at $4,346,434.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Hillenbrand news, CEO Kimberly K. Ryan purchased 3,156 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was purchased at an average price of $39.54 per share, for a total transaction of $124,788.24. Following the completion of the purchase, the chief executive officer now directly owns 109,925 shares of the company’s stock, valued at $4,346,434.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Robert M. Vanhimbergen purchased 11,319 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was acquired at an average price of $45.23 per share, with a total value of $511,958.37. Following the purchase, the chief financial officer now directly owns 34,559 shares of the company’s stock, valued at $1,563,103.57. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 27,821 shares of company stock worth $1,187,733. 1.80% of the stock is owned by insiders.
Hillenbrand Stock Up 0.8 %
Shares of NYSE:HI opened at $47.00 on Tuesday. The stock has a fifty day simple moving average of $46.30 and a two-hundred day simple moving average of $43.49. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 6.09 and a beta of 1.50. Hillenbrand, Inc. has a 12-month low of $37.19 and a 12-month high of $53.76. The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 1.18.
Hillenbrand Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.222 per share. This represents a $0.89 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Thursday, March 14th. Hillenbrand’s payout ratio is 11.53%.
Wall Street Analyst Weigh In
HI has been the subject of a number of research analyst reports. TheStreet cut Hillenbrand from a “b-” rating to a “c+” rating in a research note on Monday, December 18th. CL King initiated coverage on Hillenbrand in a research note on Tuesday, December 19th. They issued a “strong-buy” rating and a $61.00 target price for the company.
Get Our Latest Analysis on Hillenbrand
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.
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