Channing Capital Management LLC Sells 104,551 Shares of Hillenbrand, Inc. (NYSE:HI)

Channing Capital Management LLC trimmed its position in shares of Hillenbrand, Inc. (NYSE:HI) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,349,010 shares of the company’s stock after selling 104,551 shares during the quarter. Hillenbrand makes up approximately 1.9% of Channing Capital Management LLC’s holdings, making the stock its 27th largest position. Channing Capital Management LLC owned 1.92% of Hillenbrand worth $64,550,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in Hillenbrand by 10.9% during the fourth quarter. Victory Capital Management Inc. now owns 2,885,216 shares of the company’s stock worth $138,058,000 after acquiring an additional 283,608 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 buying an additional 28,886 shares during the last quarter. Cerity Partners LLC bought a new position in Hillenbrand during the 4th quarter valued at approximately $756,000. Mcmorgan & Co. LLC raised its stake in Hillenbrand by 21.5% during the third quarter. Mcmorgan & Co. LLC now owns 60,701 shares of the company’s stock valued at $2,568,000 after buying an additional 10,735 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Hillenbrand by 8.2% in the third quarter. Vanguard Group Inc. now owns 8,278,168 shares of the company’s stock worth $350,249,000 after acquiring an additional 623,919 shares in the last quarter. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Hillenbrand Stock Up 1.3 %

Shares of NYSE HI traded up $0.55 during trading on Friday, reaching $42.44. The company had a trading volume of 474,362 shares, compared to its average volume of 285,477. Hillenbrand, Inc. has a 12-month low of $37.19 and a 12-month high of $53.76. The company has a quick ratio of 0.79, a current ratio of 1.34 and a debt-to-equity ratio of 1.24. The business’s 50-day moving average is $47.92 and its 200 day moving average is $44.85. The stock has a market cap of $2.98 billion, a PE ratio of 35.07 and a beta of 1.49.

Hillenbrand (NYSE:HI) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.75 by $0.01. The company had revenue of $785.30 million for the quarter, compared to the consensus estimate of $801.55 million. Hillenbrand had a net margin of 2.79% and a return on equity of 14.75%. Hillenbrand’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 EPS. As a group, equities analysts forecast that Hillenbrand, Inc. will post 3.57 earnings per share for the current fiscal year.

Hillenbrand Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.222 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.89 annualized dividend and a yield of 2.09%. Hillenbrand’s dividend payout ratio (DPR) is presently 73.55%.

Insider Buying and Selling at Hillenbrand

In other Hillenbrand news, CFO Robert M. Vanhimbergen bought 11,319 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now owns 34,559 shares in the company, valued at $1,563,103.57. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Robert M. Vanhimbergen acquired 11,319 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average price of $45.23 per share, for a total transaction of $511,958.37. Following the completion of the transaction, the chief financial officer now directly owns 34,559 shares in the company, valued at $1,563,103.57. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kimberly K. Ryan bought 5,600 shares of the business’s stock in a transaction on Friday, February 9th. The stock was bought at an average cost of $44.94 per share, with a total value of $251,664.00. Following the transaction, the chief executive officer now owns 133,604 shares in the company, valued at approximately $6,004,163.76. The disclosure for this purchase can be found here. Company insiders own 1.80% of the company’s stock.

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.