New York State Teachers Retirement System Sells 800 Shares of Hillenbrand, Inc. (NYSE:HI)

New York State Teachers Retirement System cut its holdings in shares of Hillenbrand, Inc. (NYSE:HI) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,777 shares of the company’s stock after selling 800 shares during the period. New York State Teachers Retirement System owned about 0.15% of Hillenbrand worth $3,225,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its stake in Hillenbrand by 2.4% during the third quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company’s stock worth $79,877,000 after purchasing an additional 66,741 shares during the last quarter. State Street Corp lifted its stake in Hillenbrand by 0.7% during the third quarter. State Street Corp now owns 2,739,689 shares of the company’s stock worth $76,163,000 after purchasing an additional 19,546 shares during the last quarter. Geode Capital Management LLC lifted its stake in Hillenbrand by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company’s stock worth $44,565,000 after purchasing an additional 6,682 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Hillenbrand by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 978,953 shares of the company’s stock worth $27,215,000 after purchasing an additional 48,390 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Hillenbrand during the third quarter worth $17,178,000. 89.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. StockNews.com cut Hillenbrand from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. DA Davidson reiterated a “neutral” rating and set a $33.00 price target on shares of Hillenbrand in a report on Friday, November 15th. Finally, KeyCorp lowered their price target on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 14th.

Hillenbrand Stock Down 4.7 %

Shares of NYSE:HI opened at $30.92 on Friday. The company has a fifty day moving average of $32.45 and a 200-day moving average of $31.21. The company has a market capitalization of $2.18 billion, a PE ratio of -9.85 and a beta of 1.43. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.34. Hillenbrand, Inc. has a 52-week low of $25.11 and a 52-week high of $50.58.

Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates 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 prior year, the business earned $0.69 earnings per share. On average, equities analysts predict that Hillenbrand, Inc. will post 2.94 EPS for the current fiscal year.

Hillenbrand Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.90 dividend on an annualized basis 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.