New York State Common Retirement Fund Has $8.59 Million Holdings in Hillenbrand, Inc. (NYSE:HI)

New York State Common Retirement Fund grew its position in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) by 131.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 279,045 shares of the company's stock after purchasing an additional 158,464 shares during the quarter. New York State Common Retirement Fund owned 0.40% of Hillenbrand worth $8,589,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. R Squared Ltd acquired a new position in shares of Hillenbrand in the 4th quarter worth $27,000. YANKCOM Partnership acquired a new position in shares of Hillenbrand in the 4th quarter worth $30,000. GAMMA Investing LLC grew its holdings in shares of Hillenbrand by 107.5% in the 4th quarter. GAMMA Investing LLC now owns 1,185 shares of the company's stock worth $36,000 after acquiring an additional 614 shares during the last quarter. Kennebec Savings Bank acquired a new position in shares of Hillenbrand in the 3rd quarter worth $48,000. Finally, Tompkins Financial Corp acquired a new position in shares of Hillenbrand in the 4th quarter worth $54,000. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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Hillenbrand Stock Up 1.8 %

Shares of Hillenbrand stock traded up $0.52 during midday trading on Friday, hitting $29.86. The company's stock had a trading volume of 386,658 shares, compared to its average volume of 454,753. The firm has a market capitalization of $2.10 billion, a P/E ratio of -9.51 and a beta of 1.43. The stock has a 50-day simple moving average of $32.43 and a 200-day simple moving average of $30.98. 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, Inc. has a 1-year low of $25.11 and a 1-year high of $50.58.

Hillenbrand (NYSE:HI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.56 EPS for the quarter, topping 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 firm earned $0.69 earnings per share. As a group, sell-side analysts expect that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.225 per share. The ex-dividend date is Friday, March 14th. This represents a $0.90 dividend on an annualized basis and a yield of 3.01%. 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.