Hillenbrand Inc (NYSE:HI) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund increased its holdings in shares of Hillenbrand Inc (NYSE:HI - Free Report) by 130.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 643,506 shares of the company's stock after buying an additional 364,461 shares during the period. New York State Common Retirement Fund owned about 0.91% of Hillenbrand worth $15,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new position in Hillenbrand in the 4th quarter valued at $42,000. Sterling Capital Management LLC raised its holdings in shares of Hillenbrand by 712.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,520 shares of the company's stock worth $47,000 after acquiring an additional 1,333 shares during the period. GAMMA Investing LLC raised its holdings in shares of Hillenbrand by 65.9% during the 1st quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock worth $47,000 after acquiring an additional 781 shares during the period. Covestor Ltd raised its holdings in shares of Hillenbrand by 164.8% during the 4th quarter. Covestor Ltd now owns 5,164 shares of the company's stock worth $159,000 after acquiring an additional 3,214 shares during the period. Finally, State of Wyoming raised its holdings in shares of Hillenbrand by 342.6% during the 4th quarter. State of Wyoming now owns 5,417 shares of the company's stock worth $167,000 after acquiring an additional 4,193 shares during the period. Hedge funds and other institutional investors own 89.09% of the company's stock.

Analyst Upgrades and Downgrades

HI has been the topic of several research analyst reports. KeyCorp lowered shares of Hillenbrand from an "overweight" rating to a "sector weight" rating in a report on Thursday, May 8th. DA Davidson reduced their price objective on shares of Hillenbrand from $33.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st.

Hillenbrand Stock Performance

NYSE HI traded down $0.16 on Monday, reaching $21.23. The stock had a trading volume of 384,679 shares, compared to its average volume of 494,536. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.14 and a current ratio of 1.51. Hillenbrand Inc has a 12-month low of $18.36 and a 12-month high of $45.53. The business's 50-day moving average price is $20.87 and its 200 day moving average price is $25.15. The stock has a market cap of $1.50 billion, a P/E ratio of -5.57 and a beta of 1.46.

Hillenbrand (NYSE:HI - Get Free Report) last issued its quarterly earnings data 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 positive return on equity of 15.03% and a negative net margin of 8.82%. The company had revenue of $715.90 million during the quarter, compared to analysts' expectations of $691.00 million. During the same quarter in the previous year, the business earned $0.76 earnings per share. The firm's revenue for the quarter was down 8.8% on a year-over-year basis. As a group, equities analysts expect that Hillenbrand Inc will post 2.53 earnings per share for the current year.

Hillenbrand Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.24%. The ex-dividend date was Monday, June 16th. Hillenbrand's dividend payout ratio (DPR) is presently -23.62%.

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.