Louisiana State Employees Retirement System Buys Shares of 35,000 Hillenbrand, Inc. (NYSE:HI)

Louisiana State Employees Retirement System bought a new stake in Hillenbrand, Inc. (NYSE:HI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 35,000 shares of the company’s stock, valued at approximately $1,675,000.

Several other hedge funds have also recently made changes to their positions in HI. Belpointe Asset Management LLC raised its stake in shares of Hillenbrand by 94.4% in the first quarter. Belpointe Asset Management LLC now owns 700 shares of the company’s stock valued at $33,000 after buying an additional 340 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Hillenbrand by 63.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 793 shares of the company’s stock valued at $34,000 after purchasing an additional 308 shares in the last quarter. GoalVest Advisory LLC purchased a new position in shares of Hillenbrand in the fourth quarter valued at $37,000. First Capital Advisors Group LLC. purchased a new position in shares of Hillenbrand in the second quarter valued at $48,000. Finally, Lazard Asset Management LLC purchased a new position in shares of Hillenbrand in the third quarter valued at $50,000. 89.09% of the stock is currently owned by institutional investors.

Hillenbrand Price Performance

Shares of NYSE HI opened at $48.03 on Friday. The stock has a market cap of $3.37 billion, a PE ratio of 6.22 and a beta of 1.49. Hillenbrand, Inc. has a fifty-two week low of $37.19 and a fifty-two week high of $53.76. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.79 and a current ratio of 1.28. The stock has a fifty day moving average of $47.93 and a 200-day moving average of $44.37.

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

Hillenbrand Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.222 per share. This represents a $0.89 annualized dividend and a yield of 1.85%. The ex-dividend date was Thursday, March 14th. Hillenbrand’s payout ratio is 11.53%.

Insider Buying and Selling

In related news, VP Nicholas R. Farrell sold 8,542 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $47.02, for a total transaction of $401,644.84. Following the completion of the transaction, the vice president now directly owns 41,951 shares in the company, valued at $1,972,536.02. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Hillenbrand news, CEO Kimberly K. Ryan bought 5,600 shares of Hillenbrand stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average cost of $44.94 per share, for a total transaction of $251,664.00. Following the completion of the transaction, the chief executive officer now directly owns 133,604 shares in the company, valued at $6,004,163.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Nicholas R. Farrell sold 8,542 shares of Hillenbrand stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $47.02, for a total value of $401,644.84. Following the sale, the vice president now directly owns 41,951 shares of the company’s stock, valued at approximately $1,972,536.02. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

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.