Illinois Municipal Retirement Fund Makes New $973,000 Investment in Hillenbrand Inc (NYSE:HI)

Illinois Municipal Retirement Fund purchased a new position in Hillenbrand Inc (NYSE:HI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 40,289 shares of the company's stock, valued at approximately $973,000. Illinois Municipal Retirement Fund owned about 0.06% of Hillenbrand as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of HI. Point72 Hong Kong Ltd purchased a new position in shares of Hillenbrand in the fourth quarter valued at about $42,000. Sterling Capital Management LLC increased its position in shares of Hillenbrand by 712.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,520 shares of the company's stock valued at $47,000 after acquiring an additional 1,333 shares during the period. GAMMA Investing LLC increased its position in shares of Hillenbrand by 65.9% in the first quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock valued at $47,000 after acquiring an additional 781 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Hillenbrand by 161.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,842 shares of the company's stock valued at $57,000 after acquiring an additional 1,138 shares during the period. Finally, Covestor Ltd increased its position in shares of Hillenbrand by 164.8% in the fourth quarter. Covestor Ltd now owns 5,164 shares of the company's stock valued at $159,000 after acquiring an additional 3,214 shares during the period. Hedge funds and other institutional investors own 89.09% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on HI shares. KeyCorp lowered shares of Hillenbrand from an "overweight" rating to a "sector weight" rating in a research note on Thursday, May 8th. DA Davidson cut their target price on shares of Hillenbrand from $33.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st.

Hillenbrand Trading Up 0.7%

Shares of HI traded up $0.15 during trading hours on Friday, reaching $22.71. 325,996 shares of the company traded hands, compared to its average volume of 497,924. The company's fifty day moving average price is $20.62 and its two-hundred day moving average price is $25.76. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -5.96 and a beta of 1.46. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.39. Hillenbrand Inc has a 12 month low of $18.36 and a 12 month high of $45.53.

Hillenbrand (NYSE:HI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.06. Hillenbrand had a negative net margin of 8.82% and a positive return on equity of 15.03%. The firm had revenue of $715.90 million for the quarter, compared to analyst estimates of $691.00 million. During the same quarter in the previous year, the firm posted $0.76 EPS. The company's revenue for the quarter was down 8.8% compared to the same quarter last year. Equities research analysts predict that Hillenbrand Inc will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date was Monday, June 16th. Hillenbrand's dividend payout ratio (DPR) is presently -23.62%.

About Hillenbrand

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.