Teacher Retirement System of Texas Takes $248,000 Position in Hillenbrand Inc (NYSE:HI)

Teacher Retirement System of Texas purchased a new position in shares of Hillenbrand Inc (NYSE:HI) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,292 shares of the company’s stock, valued at approximately $248,000.

Several other large investors have also modified their holdings of HI. Vanguard Group Inc. increased its holdings in Hillenbrand by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 8,666,374 shares of the company’s stock valued at $266,751,000 after acquiring an additional 59,311 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Hillenbrand by 65.9% during the first quarter. GAMMA Investing LLC now owns 1,966 shares of the company’s stock valued at $47,000 after purchasing an additional 781 shares during the period. JPMorgan Chase & Co. boosted its holdings in Hillenbrand by 128.3% in the fourth quarter. JPMorgan Chase & Co. now owns 183,109 shares of the company’s stock worth $5,636,000 after purchasing an additional 102,916 shares during the period. Jump Financial LLC boosted its holdings in Hillenbrand by 167.4% in the fourth quarter. Jump Financial LLC now owns 39,314 shares of the company’s stock worth $1,210,000 after purchasing an additional 24,614 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Hillenbrand by 14.8% during the fourth quarter. Franklin Resources Inc. now owns 407,197 shares of the company’s stock valued at $12,534,000 after acquiring an additional 52,603 shares during the period. Institutional investors and hedge funds own 89.09% of the company’s stock.

Hillenbrand Stock Performance

HI opened at $21.41 on Friday. The business has a fifty day simple moving average of $20.87 and a 200 day simple moving average of $25.19. The company has a market capitalization of $1.51 billion, a PE ratio of -5.62 and a beta of 1.46. Hillenbrand Inc has a 1 year low of $18.36 and a 1 year high of $45.53. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.51 and a quick ratio of 1.14.

Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. Hillenbrand had a positive return on equity of 15.03% and a negative net margin of 8.82%. The company had revenue of $715.90 million during the quarter, compared to analysts’ expectations of $691.00 million. During the same quarter in the previous year, the firm earned $0.76 EPS. Hillenbrand’s revenue was down 8.8% on a year-over-year basis. Research analysts expect that Hillenbrand Inc will post 2.53 EPS for the current year.

Hillenbrand Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a $0.225 dividend. The ex-dividend date was Monday, June 16th. This represents a $0.90 annualized dividend and a yield of 4.20%. Hillenbrand’s payout ratio is currently -23.62%.

Analyst Ratings Changes

Several brokerages have commented on HI. DA Davidson dropped their price target on shares of Hillenbrand from $33.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. KeyCorp lowered Hillenbrand from an “overweight” rating to a “sector weight” rating in a research note on Thursday, May 8th.

Hillenbrand Company 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.