New York State Teachers Retirement System Has $3.23 Million Stake in Hillenbrand, Inc. (NYSE:HI)

New York State Teachers Retirement System trimmed its stake in Hillenbrand, Inc. (NYSE:HI) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,777 shares of the company’s stock after selling 800 shares during the period. New York State Teachers Retirement System’s holdings in Hillenbrand were worth $3,225,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. YANKCOM Partnership bought a new stake in Hillenbrand during the fourth quarter valued at $30,000. Choreo LLC boosted its position in Hillenbrand by 40.7% during the fourth quarter. Choreo LLC now owns 20,951 shares of the company’s stock valued at $645,000 after acquiring an additional 6,060 shares during the last quarter. OLD National Bancorp IN bought a new stake in Hillenbrand during the fourth quarter valued at $208,000. R Squared Ltd bought a new stake in Hillenbrand during the fourth quarter valued at $27,000. Finally, Twelve Points Wealth Management LLC boosted its position in Hillenbrand by 10.4% during the fourth quarter. Twelve Points Wealth Management LLC now owns 45,207 shares of the company’s stock valued at $1,391,000 after acquiring an additional 4,248 shares during the last quarter. Institutional investors own 89.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HI. DA Davidson reissued a “neutral” rating and set a $33.00 price objective on shares of Hillenbrand in a research report on Friday, November 15th. KeyCorp cut their price objective on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. Finally, StockNews.com cut shares of Hillenbrand from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th.

Hillenbrand Price Performance

HI stock opened at $30.92 on Friday. The stock has a market capitalization of $2.18 billion, a PE ratio of -9.85 and a beta of 1.43. The company’s 50-day moving average is $32.45 and its 200-day moving average is $31.21. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.86. Hillenbrand, Inc. has a 1 year low of $25.11 and a 1 year high of $50.58.

Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.02. Hillenbrand had a negative net margin of 7.12% and a positive return on equity of 15.00%. During the same period in the previous year, the business posted $0.69 EPS. Equities research analysts expect that Hillenbrand, Inc. will post 2.94 EPS for the current fiscal year.

Hillenbrand Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.225 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.90 annualized dividend and a yield of 2.91%. Hillenbrand’s payout ratio is -28.66%.

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.