State of Tennessee Treasury Department Has $2,729,000 Position in Hillenbrand Inc (HI)
State of Tennessee Treasury Department maintained its position in shares of Hillenbrand Inc (NYSE:HI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,598 shares of the company’s stock at the close of the 2nd quarter. State of Tennessee Treasury Department owned 0.12% of Hillenbrand worth $2,729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Hillenbrand by 75.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,958 shares of the company’s stock worth $106,000 after buying an additional 1,268 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Hillenbrand by 9.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,971 shares of the company’s stock worth $107,000 after buying an additional 255 shares during the last quarter. Strs Ohio lifted its position in shares of Hillenbrand by 50.0% during the 2nd quarter. Strs Ohio now owns 3,000 shares of the company’s stock worth $108,000 after buying an additional 1,000 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Hillenbrand by 1.0% during the 2nd quarter. IFP Advisors Inc now owns 3,608 shares of the company’s stock worth $130,000 after buying an additional 35 shares during the last quarter. Finally, Flinton Capital Management LLC lifted its position in shares of Hillenbrand by 14.2% during the 1st quarter. Flinton Capital Management LLC now owns 4,114 shares of the company’s stock worth $147,000 after buying an additional 510 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors.
Hillenbrand Inc (NYSE HI) opened at 36.70 on Friday. The company has a market capitalization of $2.31 billion, a P/E ratio of 19.02 and a beta of 1.24. Hillenbrand Inc has a 52-week low of $28.60 and a 52-week high of $39.00. The firm has a 50-day moving average price of $35.93 and a 200 day moving average price of $36.25.
Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. Hillenbrand had a return on equity of 19.72% and a net margin of 7.87%. The firm had revenue of $395.90 million during the quarter, compared to analysts’ expectations of $388.57 million. During the same period in the prior year, the business earned $0.53 EPS. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, analysts predict that Hillenbrand Inc will post $2.07 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Thursday, September 14th. Hillenbrand’s payout ratio is currently 42.27%.
Several brokerages recently weighed in on HI. Zacks Investment Research upgraded Hillenbrand from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub downgraded Hillenbrand from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, FBR & Co restated an “outperform” rating on shares of Hillenbrand in a research report on Tuesday, July 11th.
In other news, Director David Fennell acquired 302,000 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was purchased at an average cost of $0.10 per share, for a total transaction of $30,200.00. Insiders bought a total of 797,000 shares of company stock valued at $78,350 over the last quarter. Company insiders own 1.74% of the company’s stock.
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Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
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