Hillenbrand, Inc. (NYSE:HI) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its holdings in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) by 11.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 411,797 shares of the company's stock after selling 54,324 shares during the quarter. New York State Common Retirement Fund owned approximately 0.59% of Hillenbrand worth $19,704,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HI. SG Americas Securities LLC bought a new position in shares of Hillenbrand during the 3rd quarter valued at approximately $888,000. Raymond James & Associates lifted its position in Hillenbrand by 21.0% in the third quarter. Raymond James & Associates now owns 424,762 shares of the company's stock worth $17,972,000 after buying an additional 73,759 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Hillenbrand by 3.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 9,124 shares of the company's stock worth $386,000 after buying an additional 265 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Hillenbrand by 9.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,595 shares of the company's stock worth $575,000 after buying an additional 1,222 shares during the last quarter. Finally, Inspire Investing LLC lifted its position in Hillenbrand by 19.0% in the third quarter. Inspire Investing LLC now owns 7,238 shares of the company's stock worth $306,000 after buying an additional 1,158 shares during the last quarter. Hedge funds and other institutional investors own 89.09% of the company's stock.

Hillenbrand Trading Up 2.0 %

HI traded up $0.96 during trading on Friday, reaching $49.41. The company had a trading volume of 159,689 shares, compared to its average volume of 232,082. The stock has a market cap of $3.47 billion, a P/E ratio of 6.40 and a beta of 1.49. The business has a 50 day simple moving average of $48.12 and a 200-day simple moving average of $44.69. Hillenbrand, Inc. has a 52 week low of $37.19 and a 52 week high of $53.76. The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 1.18.

Hillenbrand (NYSE:HI - Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.01. Hillenbrand had a return on equity of 14.65% and a net margin of 18.39%. The company had revenue of $773.30 million during the quarter, compared to the consensus estimate of $776.40 million. On average, equities analysts anticipate that Hillenbrand, Inc. will post 3.72 EPS for the current fiscal year.

Hillenbrand Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.222 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.89 annualized dividend and a dividend yield of 1.80%. Hillenbrand's dividend payout ratio (DPR) is 11.53%.

Insider Transactions at Hillenbrand

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

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.