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

State of New Jersey Common Pension Fund D lifted its stake in Hillenbrand, Inc. (NYSE:HI - Free Report) by 47.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,317 shares of the company's stock after buying an additional 19,201 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.08% of Hillenbrand worth $1,649,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System boosted its position in shares of Hillenbrand by 30.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 25,670 shares of the company's stock worth $1,220,000 after acquiring an additional 5,940 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Hillenbrand by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 8,702,418 shares of the company's stock valued at $437,645,000 after purchasing an additional 290,275 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of Hillenbrand by 2.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 11,530 shares of the company's stock valued at $580,000 after purchasing an additional 259 shares in the last quarter. UniSuper Management Pty Ltd bought a new stake in shares of Hillenbrand in the first quarter worth about $755,000. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Hillenbrand by 9.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 65,384 shares of the company's stock valued at $3,287,000 after acquiring an additional 5,429 shares during the last quarter. Institutional investors own 89.09% of the company's stock.

Hillenbrand Trading Down 1.5 %

Shares of HI stock traded down $0.47 on Tuesday, reaching $31.77. 129,582 shares of the company's stock were exchanged, compared to its average volume of 390,700. The company's fifty day simple moving average is $28.11 and its 200 day simple moving average is $35.94. The stock has a market capitalization of $2.23 billion, a PE ratio of -10.55 and a beta of 1.38. The company has a current ratio of 1.27, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. Hillenbrand, Inc. has a 52 week low of $25.11 and a 52 week high of $50.58.

Hillenbrand (NYSE:HI - Get Free Report) last released its quarterly earnings data on Wednesday, November 13th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.08. The firm had revenue of $837.60 million during the quarter, compared to the consensus estimate of $793.38 million. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. The firm's quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 earnings per share. As a group, analysts forecast that Hillenbrand, Inc. will post 3.05 EPS for the current year.

Hillenbrand Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.2225 per share. This represents a $0.89 annualized dividend and a yield of 2.80%. The ex-dividend date was Monday, September 16th. This is a boost from Hillenbrand's previous quarterly dividend of $0.22. Hillenbrand's dividend payout ratio (DPR) is -29.77%.

Analyst Ratings Changes

Several research firms have commented on HI. DA Davidson reiterated a "neutral" rating and set a $33.00 price objective on shares of Hillenbrand in a research report on Friday. StockNews.com lowered Hillenbrand from a "hold" rating to a "sell" rating in a research report on Thursday, November 14th. Finally, KeyCorp decreased their price objective on Hillenbrand from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $44.67.

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.