State of New Jersey Common Pension Fund D Buys 19,201 Shares of Hillenbrand, Inc. (NYSE:HI)

State of New Jersey Common Pension Fund D increased its stake in Hillenbrand, Inc. (NYSE:HI) by 47.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 59,317 shares of the company’s stock after acquiring an additional 19,201 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Hillenbrand were worth $1,649,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HI. Matrix Trust Co bought a new position in shares of Hillenbrand in the 3rd quarter valued at about $25,000. GAMMA Investing LLC boosted its stake in Hillenbrand by 58.2% in the second quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock valued at $28,000 after acquiring an additional 262 shares during the last quarter. nVerses Capital LLC bought a new position in Hillenbrand in the third quarter valued at approximately $75,000. Summit Securities Group LLC acquired a new stake in Hillenbrand during the 2nd quarter worth $90,000. Finally, Innealta Capital LLC bought a new stake in shares of Hillenbrand during the 2nd quarter valued at $93,000. Institutional investors and hedge funds own 89.09% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. KeyCorp decreased their price objective on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. StockNews.com lowered Hillenbrand from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Finally, DA Davidson reiterated a “neutral” rating and issued a $33.00 price target on shares of Hillenbrand in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.67.

Hillenbrand Stock Performance

Shares of Hillenbrand stock opened at $32.25 on Tuesday. Hillenbrand, Inc. has a 12 month low of $25.11 and a 12 month high of $50.58. The company has a current ratio of 1.27, a quick ratio of 0.88 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $2.26 billion, a PE ratio of -10.79 and a beta of 1.38. The stock’s fifty day simple moving average is $28.01 and its 200 day simple moving average is $36.00.

Hillenbrand (NYSE:HI) 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. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. The business had revenue of $837.60 million for the quarter, compared to analysts’ expectations of $793.38 million. During the same quarter in the previous year, the business posted $1.13 EPS. Hillenbrand’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, research analysts predict that Hillenbrand, Inc. will post 3.05 EPS for the current year.

Hillenbrand Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.2225 per share. This is an increase from Hillenbrand’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.89 annualized dividend and a dividend yield of 2.76%. Hillenbrand’s dividend payout ratio is currently -29.77%.

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.