Public Sector Pension investment Board lessened its holdings in Hillenbrand Inc (NYSE:HI) by 27.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,938 shares of the company’s stock after selling 12,700 shares during the period. Public Sector Pension investment Board owned about 0.05% of Hillenbrand worth $1,189,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Hillenbrand by 75.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,958 shares of the company’s stock valued at $106,000 after purchasing an additional 1,268 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Hillenbrand by 9.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,971 shares of the company’s stock valued at $107,000 after purchasing an additional 255 shares in the last quarter. Strs Ohio increased its stake in shares of Hillenbrand by 50.0% in the 2nd quarter. Strs Ohio now owns 3,000 shares of the company’s stock valued at $108,000 after purchasing an additional 1,000 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Hillenbrand by 1.0% in the 2nd quarter. IFP Advisors Inc now owns 3,608 shares of the company’s stock valued at $130,000 after purchasing an additional 35 shares in the last quarter. Finally, Acrospire Investment Management LLC increased its stake in shares of Hillenbrand by 164.2% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,701 shares of the company’s stock valued at $134,000 after purchasing an additional 2,300 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

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Several brokerages recently weighed in on HI. FBR & Co restated an “outperform” rating on shares of Hillenbrand in a research note on Tuesday, July 11th. Zacks Investment Research upgraded Hillenbrand from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Finally, BidaskClub lowered Hillenbrand from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th.

Hillenbrand Inc (HI) opened at 38.85 on Friday. The company has a 50 day moving average price of $36.00 and a 200 day moving average price of $36.25. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 20.13 and a beta of 1.24. Hillenbrand Inc has a 52 week low of $28.60 and a 52 week high of $39.40.

Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.03. The firm had revenue of $395.90 million during the quarter, compared to analysts’ expectations of $388.57 million. Hillenbrand had a net margin of 7.87% and a return on equity of 19.72%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share. Analysts expect that Hillenbrand Inc will post $2.07 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.82 annualized dividend and a yield of 2.11%. Hillenbrand’s dividend payout ratio is currently 42.27%.

Hillenbrand Profile

Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.

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Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

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