Municipal Employees Retirement System of Michigan lifted its position in Hillenbrand, Inc. (NYSE:HI) by 20.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,550 shares of the company’s stock after buying an additional 4,920 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Hillenbrand were worth $1,277,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its stake in shares of Hillenbrand by 6.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 27,100 shares of the company’s stock worth $1,211,000 after buying an additional 1,600 shares in the last quarter. GSA Capital Partners LLP grew its holdings in shares of Hillenbrand by 8.5% in the 3rd quarter. GSA Capital Partners LLP now owns 20,687 shares of the company’s stock worth $804,000 after acquiring an additional 1,618 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Hillenbrand by 6.5% in the 4th quarter. Victory Capital Management Inc. now owns 29,184 shares of the company’s stock worth $1,305,000 after acquiring an additional 1,770 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Hillenbrand by 1.5% in the 3rd quarter. New York State Common Retirement Fund now owns 126,238 shares of the company’s stock worth $4,904,000 after acquiring an additional 1,839 shares during the last quarter. Finally, Financial Counselors Inc. grew its holdings in shares of Hillenbrand by 1.2% in the 3rd quarter. Financial Counselors Inc. now owns 160,597 shares of the company’s stock worth $6,239,000 after acquiring an additional 1,908 shares during the last quarter. 78.13% of the stock is currently owned by institutional investors.
In other Hillenbrand news, VP Eric M. Teegarden sold 5,177 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $44.49, for a total value of $230,324.73. Following the transaction, the vice president now owns 3,531 shares in the company, valued at $157,094.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joe Anthony Raver sold 33,931 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $47.04, for a total value of $1,596,114.24. The disclosure for this sale can be found here. Insiders have sold 39,525 shares of company stock worth $1,846,113 in the last quarter. 1.81% of the stock is currently owned by corporate insiders.
A number of equities analysts recently issued reports on HI shares. ValuEngine upgraded Hillenbrand from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research cut Hillenbrand from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, B. Riley restated a “buy” rating and issued a $50.00 target price on shares of Hillenbrand in a report on Monday, December 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $51.50.
Hillenbrand, Inc. (NYSE:HI) opened at $45.95 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $2,921.49, a price-to-earnings ratio of 20.88 and a beta of 1.26. Hillenbrand, Inc. has a 1-year low of $34.65 and a 1-year high of $48.00.
Hillenbrand (NYSE:HI) last issued its earnings results on Wednesday, January 31st. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.05. The business had revenue of $397.20 million for the quarter, compared to analysts’ expectations of $384.30 million. Hillenbrand had a return on equity of 19.51% and a net margin of 7.52%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 EPS. analysts anticipate that Hillenbrand, Inc. will post 2.36 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be issued a dividend of $0.2075 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.81%. Hillenbrand’s dividend payout ratio is 43.23%.
Hillenbrand Company Profile
Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
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