Hillenbrand, Inc. (NYSE:HI) Shares Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lifted its position in Hillenbrand, Inc. (NYSE:HIGet Rating) by 5.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,492 shares of the company’s stock after purchasing an additional 514 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Hillenbrand were worth $463,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. raised its holdings in Hillenbrand by 5.6% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 6,201 shares of the company’s stock valued at $274,000 after acquiring an additional 329 shares in the last quarter. Maryland State Retirement & Pension System raised its holdings in Hillenbrand by 1.3% during the fourth quarter. Maryland State Retirement & Pension System now owns 29,118 shares of the company’s stock worth $1,514,000 after purchasing an additional 380 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Hillenbrand by 11.3% during the fourth quarter. CIBC Asset Management Inc now owns 5,688 shares of the company’s stock worth $296,000 after purchasing an additional 579 shares in the last quarter. Eaton Vance Management raised its holdings in Hillenbrand by 10.0% during the fourth quarter. Eaton Vance Management now owns 6,706 shares of the company’s stock worth $104,000 after purchasing an additional 612 shares in the last quarter. Finally, New York State Teachers Retirement System raised its holdings in Hillenbrand by 0.5% during the first quarter. New York State Teachers Retirement System now owns 145,104 shares of the company’s stock worth $6,409,000 after purchasing an additional 689 shares in the last quarter. Hedge funds and other institutional investors own 85.91% of the company’s stock.

Insider Transactions at Hillenbrand

In related news, CFO Robert M. Vanhimbergen purchased 6,000 shares of the firm’s stock in a transaction on Monday, June 6th. The stock was purchased at an average price of $44.00 per share, for a total transaction of $264,000.00. Following the acquisition, the chief financial officer now directly owns 6,000 shares in the company, valued at $264,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HI shares. StockNews.com upgraded shares of Hillenbrand from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 12th. DA Davidson reiterated a “buy” rating on shares of Hillenbrand in a research report on Wednesday, May 11th.

Hillenbrand Trading Up 2.4 %

NYSE:HI opened at $46.20 on Monday. The company has a market capitalization of $3.31 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 0.92 and a beta of 1.36. The company has a quick ratio of 0.96, a current ratio of 1.41 and a debt-to-equity ratio of 0.95. Hillenbrand, Inc. has a 52-week low of $37.84 and a 52-week high of $54.15. The stock has a fifty day simple moving average of $41.31 and a 200-day simple moving average of $43.58.

Hillenbrand (NYSE:HIGet Rating) last announced its earnings results on Monday, May 9th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.02. Hillenbrand had a net margin of 6.80% and a return on equity of 22.51%. The firm had revenue of $742.00 million during the quarter, compared to the consensus estimate of $728.05 million. During the same quarter in the previous year, the company posted $0.98 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities research analysts expect that Hillenbrand, Inc. will post 3.9 earnings per share for the current fiscal year.

Hillenbrand Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Thursday, June 16th were paid a dividend of $0.2175 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Wednesday, June 15th. Hillenbrand’s dividend payout ratio is currently 32.46%.

Hillenbrand Company Profile

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Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville. 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, as well as equipment system design; and screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.

Further Reading

Want to see what other hedge funds are holding HI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hillenbrand, Inc. (NYSE:HIGet Rating).

Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

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