Swiss National Bank Sells 19,100 Shares of Hillenbrand, Inc. (NYSE:HI)

Swiss National Bank decreased its holdings in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) by 11.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 148,659 shares of the company's stock after selling 19,100 shares during the quarter. Swiss National Bank owned 0.21% of Hillenbrand worth $7,066,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. State Street Corp boosted its holdings in shares of Hillenbrand by 1.3% in the second quarter. State Street Corp now owns 2,551,028 shares of the company's stock valued at $104,490,000 after purchasing an additional 32,595 shares during the period. LSV Asset Management boosted its holdings in shares of Hillenbrand by 5.5% in the fourth quarter. LSV Asset Management now owns 2,516,289 shares of the company's stock valued at $107,370,000 after purchasing an additional 131,711 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Hillenbrand by 7.6% in the first quarter. Victory Capital Management Inc. now owns 2,030,766 shares of the company's stock valued at $96,522,000 after purchasing an additional 143,156 shares during the period. Channing Capital Management LLC lifted its holdings in Hillenbrand by 20.4% during the first quarter. Channing Capital Management LLC now owns 1,630,515 shares of the company's stock worth $77,498,000 after buying an additional 276,261 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Hillenbrand by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,506,277 shares of the company's stock worth $64,271,000 after buying an additional 10,885 shares during the period. Institutional investors own 89.14% of the company's stock.

Separately, StockNews.com lowered Hillenbrand from a "buy" rating to a "hold" rating in a report on Friday.

Read Our Latest Research Report on HI

In other Hillenbrand news, VP J Michael Whitted sold 4,000 shares of the stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $52.23, for a total transaction of $208,920.00. Following the sale, the vice president now directly owns 24,309 shares of the company's stock, valued at approximately $1,269,659.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Ling An-Heid sold 46,444 shares of Hillenbrand stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $52.45, for a total value of $2,435,987.80. Following the completion of the sale, the senior vice president now owns 17,311 shares in the company, valued at approximately $907,961.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP J Michael Whitted sold 4,000 shares of the business's stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $52.23, for a total transaction of $208,920.00. Following the completion of the transaction, the vice president now owns 24,309 shares of the company's stock, valued at approximately $1,269,659.07. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,444 shares of company stock valued at $2,850,908. Company insiders own 2.00% of the company's stock.

Shares of HI opened at $46.70 on Monday. Hillenbrand, Inc. has a 12 month low of $36.16 and a 12 month high of $53.76. The stock has a fifty day moving average price of $49.80 and a 200-day moving average price of $48.01. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 0.79. The firm has a market cap of $3.27 billion, a PE ratio of 5.38 and a beta of 1.46.

Hillenbrand (NYSE:HI - Get Free Report) last released its earnings results on Wednesday, August 2nd. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. Hillenbrand had a return on equity of 17.04% and a net margin of 21.62%. The firm had revenue of $716.60 million for the quarter, compared to the consensus estimate of $728.00 million. During the same period in the prior year, the firm earned $0.92 EPS. The firm's revenue was down .6% on a year-over-year basis. Equities research analysts predict that Hillenbrand, Inc. will post 3.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.88%. The ex-dividend date is Thursday, September 14th. Hillenbrand's dividend payout ratio is currently 10.14%.

Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville. 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, as well as offers equipment system design services; 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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