State of New Jersey Common Pension Fund D Purchases 14,999 Shares of Hillenbrand, Inc. (NYSE:HI)

State of New Jersey Common Pension Fund D raised its position in Hillenbrand, Inc. (NYSE:HI) by 29.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 65,631 shares of the company’s stock after buying an additional 14,999 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Hillenbrand were worth $3,140,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its position in Hillenbrand by 3.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 9,124 shares of the company’s stock valued at $386,000 after buying an additional 265 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Hillenbrand by 1.6% in the 3rd quarter. Arizona State Retirement System now owns 19,809 shares of the company’s stock worth $838,000 after purchasing an additional 317 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Hillenbrand by 6.1% in the 3rd quarter. Teacher Retirement System of Texas now owns 5,564 shares of the company’s stock worth $235,000 after purchasing an additional 319 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Hillenbrand by 4.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 10,416 shares of the company’s stock worth $441,000 after purchasing an additional 489 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Hillenbrand by 1.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,428 shares of the company’s stock worth $1,504,000 after purchasing an additional 514 shares during the last quarter. 89.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Hillenbrand news, CEO Kimberly K. Ryan acquired 5,600 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average price of $44.94 per share, with a total value of $251,664.00. Following the purchase, the chief executive officer now owns 133,604 shares of the company’s stock, valued at approximately $6,004,163.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Robert M. Vanhimbergen purchased 11,319 shares of the company’s stock in a transaction on Friday, February 9th. The shares were purchased at an average price of $45.23 per share, with a total value of $511,958.37. Following the purchase, the chief financial officer now directly owns 34,559 shares of the company’s stock, valued at approximately $1,563,103.57. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Kimberly K. Ryan purchased 5,600 shares of the company’s stock in a transaction on Friday, February 9th. The stock was purchased at an average cost of $44.94 per share, for a total transaction of $251,664.00. Following the purchase, the chief executive officer now directly owns 133,604 shares in the company, valued at $6,004,163.76. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by company insiders.

Hillenbrand Stock Up 2.0 %

NYSE:HI opened at $49.41 on Friday. Hillenbrand, Inc. has a 12-month low of $37.19 and a 12-month high of $53.76. The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $3.47 billion, a P/E ratio of 6.40 and a beta of 1.49. The stock’s fifty day simple moving average is $48.12 and its 200-day simple moving average is $44.67.

Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. Hillenbrand had a return on equity of 14.65% and a net margin of 18.39%. The business had revenue of $773.30 million for the quarter, compared to analyst estimates of $776.40 million. Equities research analysts expect that Hillenbrand, Inc. will post 3.72 earnings per share for the current year.

Hillenbrand Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.222 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.89 annualized dividend and a dividend yield of 1.80%. Hillenbrand’s dividend payout ratio is currently 11.53%.

About Hillenbrand

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.