Hillenbrand (HI) : Ronald Blue Co reduced its stake in Hillenbrand by 3.87% during the most recent quarter end. The investment management company now holds a total of 66,259 shares of Hillenbrand which is valued at $2 Million after selling 2,669 shares in Hillenbrand , the firm said in a disclosure report filed with the SEC on May 13, 2016.Hillenbrand makes up approximately 0.11% of Ronald Blue Co’s portfolio.
Other Hedge Funds, Including , Riverhead Capital Management reduced its stake in HI by selling 1,584 shares or 12.0% in the most recent quarter. The Hedge Fund company now holds 11,616 shares of HI which is valued at $354,056. Hillenbrand makes up approx 0.01% of Riverhead Capital Management’s portfolio.Raymond James Associates boosted its stake in HI in the latest quarter, The investment management firm added 53,876 additional shares and now holds a total of 258,113 shares of Hillenbrand which is valued at $7.9 Million. Hillenbrand makes up approx 0.03% of Raymond James Associates’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in HI in the latest quarter, The investment management firm added 14,492 additional shares and now holds a total of 1,531,825 shares of Hillenbrand which is valued at $46.7 Million. Hillenbrand makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio.Investment Counselors Of Maryland reduced its stake in HI by selling 89,450 shares or 21.57% in the most recent quarter. The Hedge Fund company now holds 325,200 shares of HI which is valued at $9.9 Million. Hillenbrand makes up approx 0.57% of Investment Counselors Of Maryland’s portfolio.
Hillenbrand closed down -0.1 points or -0.32% at $31.14 with 1,42,616 shares getting traded on Wednesday. Post opening the session at $31.27, the shares hit an intraday low of $31.05 and an intraday high of $31.28 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Hillenbrand reported $0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.47. The company had revenue of $387.00 million for the quarter, compared to analysts expectations of $389.23 million. The company’s revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.49 EPS.
Investors should note that on May 11, 2016, Hillenbrand announced a cash dividend of $0.2025. The company’s management has announced Jun 14, 2016 as the ex-dividend date and fixed the record date on Jun 16, 2016. The payable date has been fixed on Jun 30, 2016.
Hillenbrand Inc. is a global diversified industrial company that makes and sells business-to-business products and services for a variety of industries. The Company has two segments: the Process Equipment Group and Batesville. The Process Equipment Group has multiple brands of process and material handling equipment and systems serving a variety of industries worldwide. The Process Equipment Group product portfolio includes products and services for compounding extrusion and material handling; crushing and sizing and screening and separating. Batesville is engaged in the North American death care industry where it has been designing manufacturing distributing and selling funeral service products and solutions.