Louisiana State Employees Retirement System Has $945,000 Stock Position in Hillenbrand, Inc. (NYSE:HI)

Louisiana State Employees Retirement System lowered its holdings in shares of Hillenbrand, Inc. (NYSE:HI) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,000 shares of the company’s stock after selling 1,300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Hillenbrand were worth $945,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its position in Hillenbrand by 3.5% during the first quarter. Vanguard Group Inc. now owns 8,702,418 shares of the company’s stock worth $437,645,000 after purchasing an additional 290,275 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Hillenbrand by 13.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock worth $87,408,000 after buying an additional 253,730 shares during the period. Roubaix Capital LLC acquired a new position in Hillenbrand in the 1st quarter valued at $3,664,000. Lazard Asset Management LLC bought a new position in Hillenbrand in the 1st quarter worth $3,285,000. Finally, Inspire Advisors LLC bought a new position in Hillenbrand in the 1st quarter worth $1,152,000. Institutional investors and hedge funds own 89.09% of the company’s stock.

Analysts Set New Price Targets

HI has been the topic of a number of recent analyst reports. StockNews.com upgraded Hillenbrand from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. KeyCorp began coverage on Hillenbrand in a research report on Wednesday, July 10th. They issued an “overweight” rating and a $50.00 price target on the stock. Finally, DA Davidson lowered Hillenbrand from a “buy” rating to a “neutral” rating and cut their price target for the stock from $54.00 to $33.00 in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

Hillenbrand Stock Up 0.9 %

Shares of HI opened at $27.79 on Monday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.88 and a current ratio of 1.35. The company has a 50-day simple moving average of $28.17 and a 200-day simple moving average of $37.19. Hillenbrand, Inc. has a 52 week low of $25.11 and a 52 week high of $50.58. The firm has a market capitalization of $1.95 billion, a P/E ratio of -9.45 and a beta of 1.38.

Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. Hillenbrand had a positive return on equity of 14.89% and a negative net margin of 6.67%. The firm had revenue of $786.60 million during the quarter, compared to analysts’ expectations of $818.16 million. During the same quarter in the prior year, the firm posted $0.95 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities research analysts expect that Hillenbrand, Inc. will post 3.23 earnings per share for the current year.

Hillenbrand Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.2225 dividend. This is a boost from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Monday, September 16th. Hillenbrand’s dividend payout ratio (DPR) is -30.27%.

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.