State of New Jersey Common Pension Fund D Raises Holdings in Hillenbrand, Inc. (NYSE:HI)

State of New Jersey Common Pension Fund D grew its position in shares of Hillenbrand, Inc. (NYSE:HI) by 12.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,789 shares of the company’s stock after buying an additional 7,472 shares during the period. State of New Jersey Common Pension Fund D owned 0.09% of Hillenbrand worth $2,056,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers lifted its position in shares of Hillenbrand by 0.6% during the 4th quarter. Rhumbline Advisers now owns 213,241 shares of the company’s stock valued at $6,564,000 after buying an additional 1,202 shares during the last quarter. Blue Trust Inc. lifted its holdings in Hillenbrand by 23.5% during the 4th quarter. Blue Trust Inc. now owns 200,798 shares of the company’s stock worth $6,181,000 after purchasing an additional 38,223 shares in the last quarter. YANKCOM Partnership purchased a new stake in Hillenbrand during the 4th quarter worth about $30,000. Choreo LLC lifted its holdings in Hillenbrand by 40.7% during the 4th quarter. Choreo LLC now owns 20,951 shares of the company’s stock worth $645,000 after purchasing an additional 6,060 shares in the last quarter. Finally, OLD National Bancorp IN purchased a new stake in Hillenbrand during the 4th quarter worth about $208,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Hillenbrand Stock Performance

NYSE:HI opened at $30.92 on Friday. The business’s 50-day moving average price is $32.45 and its two-hundred day moving average price is $31.15. Hillenbrand, Inc. has a twelve month low of $25.11 and a twelve month high of $50.58. The stock has a market cap of $2.18 billion, a P/E ratio of -9.85 and a beta of 1.43. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.33.

Hillenbrand (NYSE:HI) last released 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 positive return on equity of 15.00% and a negative net margin of 7.12%. During the same period in the previous year, the company posted $0.69 EPS. As a group, equities analysts predict that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.

Hillenbrand Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.