New York State Common Retirement Fund Has $15.53 Million Holdings in Hillenbrand Inc (NYSE:HI)

New York State Common Retirement Fund raised its position in Hillenbrand Inc (NYSE:HI - Free Report) by 130.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 643,506 shares of the company's stock after acquiring an additional 364,461 shares during the quarter. New York State Common Retirement Fund owned approximately 0.91% of Hillenbrand worth $15,534,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Hillenbrand by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 8,666,374 shares of the company's stock worth $266,751,000 after purchasing an additional 59,311 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Hillenbrand by 10.4% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,116,444 shares of the company's stock valued at $126,704,000 after purchasing an additional 387,048 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Hillenbrand by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,563,412 shares of the company's stock valued at $78,902,000 after purchasing an additional 111,953 shares during the period. Northern Trust Corp grew its holdings in Hillenbrand by 24.4% during the fourth quarter. Northern Trust Corp now owns 900,666 shares of the company's stock worth $27,722,000 after acquiring an additional 176,482 shares during the period. Finally, Bank of America Corp DE grew its holdings in Hillenbrand by 10.6% during the fourth quarter. Bank of America Corp DE now owns 504,602 shares of the company's stock worth $15,532,000 after acquiring an additional 48,508 shares during the period. 89.09% of the stock is owned by institutional investors and hedge funds.

Hillenbrand Price Performance

Shares of NYSE HI traded down $0.21 during mid-day trading on Friday, reaching $21.41. The company had a trading volume of 352,703 shares, compared to its average volume of 494,247. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.39. The stock has a market cap of $1.51 billion, a PE ratio of -5.62 and a beta of 1.46. The company has a 50-day moving average price of $20.87 and a two-hundred day moving average price of $25.22. Hillenbrand Inc has a 1-year low of $18.36 and a 1-year high of $45.53.

Hillenbrand (NYSE:HI - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $691.00 million. During the same quarter in the previous year, the business posted $0.76 EPS. The business's revenue for the quarter was down 8.8% on a year-over-year basis. On average, equities analysts anticipate that Hillenbrand Inc will post 2.53 earnings per share for the current year.

Hillenbrand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a dividend of $0.225 per share. The ex-dividend date was Monday, June 16th. This represents a $0.90 annualized dividend and a dividend yield of 4.20%. Hillenbrand's dividend payout ratio is presently -23.62%.

Analyst Upgrades and Downgrades

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

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.