35,000 Shares in Hillenbrand, Inc. (NYSE:HI) Acquired by Louisiana State Employees Retirement System

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Louisiana State Employees Retirement System bought a new position in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 35,000 shares of the company's stock, valued at approximately $1,675,000.

A number of other hedge funds also recently modified their holdings of HI. Norges Bank bought a new position in Hillenbrand during the fourth quarter worth about $30,223,000. Vanguard Group Inc. increased its holdings in Hillenbrand by 8.2% in the 3rd quarter. Vanguard Group Inc. now owns 8,278,168 shares of the company's stock valued at $350,249,000 after buying an additional 623,919 shares during the period. Victory Capital Management Inc. increased its holdings in Hillenbrand by 30.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,887,610 shares of the company's stock valued at $80,544,000 after buying an additional 438,427 shares during the period. Goldman Sachs Group Inc. increased its holdings in Hillenbrand by 42.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 978,106 shares of the company's stock valued at $40,063,000 after buying an additional 292,538 shares during the period. Finally, ArrowMark Colorado Holdings LLC bought a new position in Hillenbrand in the 1st quarter valued at about $7,225,000. Institutional investors and hedge funds own 89.09% of the company's stock.

Insider Activity at Hillenbrand

In other Hillenbrand news, CEO Kimberly K. Ryan bought 5,600 shares of the business's stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $44.94 per share, for a total transaction of $251,664.00. Following the transaction, the chief executive officer now directly owns 133,604 shares in the company, valued at $6,004,163.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Nicholas R. Farrell sold 8,542 shares of Hillenbrand stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $47.02, for a total transaction of $401,644.84. Following the sale, the vice president now directly owns 41,951 shares in the company, valued at approximately $1,972,536.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Kimberly K. Ryan purchased 5,600 shares of the company's stock in a transaction dated Friday, February 9th. The stock was purchased at an average price of $44.94 per share, for a total transaction of $251,664.00. Following the transaction, the chief executive officer now directly owns 133,604 shares in the company, valued at approximately $6,004,163.76. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by insiders.


Hillenbrand Price Performance

HI stock traded up $0.72 during mid-day trading on Friday, hitting $48.02. The stock had a trading volume of 282,007 shares, compared to its average volume of 268,757. The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 1.18. Hillenbrand, Inc. has a 52 week low of $37.19 and a 52 week high of $53.76. The firm has a market capitalization of $3.37 billion, a P/E ratio of 6.22 and a beta of 1.49. The firm has a fifty day simple moving average of $47.96 and a 200 day simple moving average of $44.40.

Hillenbrand (NYSE:HI - Get Free Report) last released its earnings results on Monday, February 5th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. The firm had revenue of $773.30 million for the quarter, compared to analyst estimates of $776.40 million. Hillenbrand had a net margin of 18.39% and a return on equity of 14.65%. As a group, research analysts forecast that Hillenbrand, Inc. will post 3.72 EPS for the current year.

Hillenbrand Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.222 per share. This represents a $0.89 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Thursday, March 14th. Hillenbrand's dividend payout ratio (DPR) is presently 11.53%.

Hillenbrand Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

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