Louisiana State Employees Retirement System Invests $1.68 Million in Hillenbrand, Inc. (NYSE:HI)

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

A number of other institutional investors and hedge funds have also recently modified their holdings of HI. Belpointe Asset Management LLC boosted its stake in shares of Hillenbrand by 94.4% in the 1st quarter. Belpointe Asset Management LLC now owns 700 shares of the company’s stock worth $33,000 after buying an additional 340 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Hillenbrand by 63.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 793 shares of the company’s stock worth $34,000 after buying an additional 308 shares during the last quarter. GoalVest Advisory LLC purchased a new position in shares of Hillenbrand in the 4th quarter worth $37,000. First Capital Advisors Group LLC. purchased a new position in shares of Hillenbrand in the 2nd quarter worth $48,000. Finally, Lazard Asset Management LLC purchased a new position in shares of Hillenbrand in the 3rd quarter worth $50,000. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Hillenbrand

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

Hillenbrand Stock Performance

HI stock opened at $48.03 on Friday. The company has a market cap of $3.37 billion, a P/E ratio of 6.22 and a beta of 1.49. Hillenbrand, Inc. has a 1 year low of $37.19 and a 1 year high of $53.76. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.28 and a quick ratio of 0.79. The stock’s fifty day moving average price is $47.93 and its 200-day moving average price is $44.37.

Hillenbrand (NYSE:HI) last released its earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. The company had revenue of $773.30 million for the quarter, compared to the consensus estimate of $776.40 million. Hillenbrand had a return on equity of 14.65% and a net margin of 18.39%. On average, equities analysts forecast that Hillenbrand, Inc. will post 3.72 earnings per share for the current year.

Hillenbrand Cuts Dividend

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

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.