37,806 Shares in Hillenbrand Inc $HI Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund acquired a new stake in shares of Hillenbrand Inc (NYSE:HI) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 37,806 shares of the company’s stock, valued at approximately $1,022,000. Illinois Municipal Retirement Fund owned approximately 0.05% of Hillenbrand at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Hantz Financial Services Inc. raised its stake in shares of Hillenbrand by 203.7% during the third quarter. Hantz Financial Services Inc. now owns 1,136 shares of the company’s stock valued at $31,000 after acquiring an additional 762 shares in the last quarter. Osaic Holdings Inc. increased its holdings in Hillenbrand by 74.0% during the 2nd quarter. Osaic Holdings Inc. now owns 1,965 shares of the company’s stock worth $40,000 after purchasing an additional 836 shares during the period. Jones Financial Companies Lllp increased its holdings in Hillenbrand by 622.7% during the 1st quarter. Jones Financial Companies Lllp now owns 3,729 shares of the company’s stock worth $90,000 after purchasing an additional 3,213 shares during the period. BNP Paribas Financial Markets raised its position in Hillenbrand by 47.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 7,155 shares of the company’s stock valued at $144,000 after purchasing an additional 2,315 shares in the last quarter. Finally, Savant Capital LLC purchased a new stake in shares of Hillenbrand in the 3rd quarter worth $209,000. 89.09% of the stock is currently owned by institutional investors.

Hillenbrand Price Performance

Shares of HI stock opened at $31.98 on Thursday. The stock’s 50-day moving average is $31.84 and its 200 day moving average is $29.21. Hillenbrand Inc has a 1-year low of $18.36 and a 1-year high of $35.48. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.22 and a quick ratio of 0.88. The company has a market cap of $2.25 billion, a P/E ratio of 52.43 and a beta of 1.40.

Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, February 11th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.66). Hillenbrand had a return on equity of 12.69% and a net margin of 1.61%.The firm had revenue of $540.00 million during the quarter, compared to the consensus estimate of $607.10 million. Research analysts predict that Hillenbrand Inc will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were issued a $0.2275 dividend. This is an increase from Hillenbrand’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, December 16th. Hillenbrand’s dividend payout ratio is presently 149.18%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on HI shares. Weiss Ratings restated a “hold (c)” rating on shares of Hillenbrand in a research note on Monday, December 29th. DA Davidson reissued a “neutral” rating and set a $32.00 target price on shares of Hillenbrand in a research report on Thursday, November 20th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Hillenbrand presently has an average rating of “Hold” and an average target price of $32.00.

About Hillenbrand

Hillenbrand, Inc, headquartered in Batesville, Indiana, is a global industrial company specializing in engineered equipment and process solutions. Through its Coperion division, Hillenbrand designs and manufactures compounding and extrusion systems, polymer and food processing equipment, bulk material handling technologies and associated automation. These offerings support a variety of end markets, including plastics, chemicals, food, pharmaceutical and minerals, helping customers optimize production efficiency and product quality.

Tracing its roots to the Batesville Casket Company founded in 1906, the organization evolved through strategic acquisitions and expanded its focus on process technologies.