New York State Teachers Retirement System Sells 1,238 Shares of Hillenbrand, Inc. (NYSE:HI)

New York State Teachers Retirement System decreased its position in shares of Hillenbrand, Inc. (NYSE:HI – Get Rating) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,962 shares of the company’s stock after selling 1,238 shares during the period. New York State Teachers Retirement System owned approximately 0.21% of Hillenbrand worth $5,286,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Pinebridge Investments L.P. increased its position in Hillenbrand by 263.5% during the 2nd quarter. Pinebridge Investments L.P. now owns 727 shares of the company’s stock worth $30,000 after buying an additional 527 shares during the period. EverSource Wealth Advisors LLC increased its position in Hillenbrand by 77.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 803 shares of the company’s stock worth $33,000 after buying an additional 350 shares during the period. Wipfli Financial Advisors LLC bought a new position in Hillenbrand during the 3rd quarter worth $77,000. Bridgefront Capital LLC bought a new position in Hillenbrand during the 1st quarter worth $238,000. Finally, KBC Group NV increased its position in Hillenbrand by 112.8% during the 2nd quarter. KBC Group NV now owns 6,266 shares of the company’s stock worth $257,000 after buying an additional 3,321 shares during the period. Institutional investors own 85.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Hillenbrand from a “buy” rating to a “strong-buy” rating in a report on Thursday.

Hillenbrand Stock Performance

HI opened at $46.62 on Monday. The firm has a market cap of $3.21 billion, a P/E ratio of 16.08 and a beta of 1.43. Hillenbrand, Inc. has a 52-week low of $36.16 and a 52-week high of $53.54. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.81 and a current ratio of 1.30. The business’s fifty day moving average is $46.15 and its 200-day moving average is $43.22.

Hillenbrand (NYSE:HI – Get Rating) last released its earnings results on Wednesday, November 16th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.02. The company had revenue of $749.90 million for the quarter. Hillenbrand had a return on equity of 23.68% and a net margin of 7.10%. Sell-side analysts expect that Hillenbrand, Inc. will post 4.25 EPS for the current fiscal year.

Hillenbrand Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 16th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, December 15th. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 1.89%. Hillenbrand’s dividend payout ratio (DPR) is 30.34%.

Hillenbrand Company Profile

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Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville. 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, as well as offers equipment system design services; 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.