Nisa Investment Advisors LLC decreased its holdings in Hillenbrand, Inc. (NYSE:HI) by 4.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,650 shares of the company’s stock after selling 900 shares during the period. Nisa Investment Advisors LLC’s holdings in Hillenbrand were worth $778,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HI. Oregon Public Employees Retirement Fund increased its holdings in Hillenbrand by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 24,147 shares of the company’s stock worth $1,003,000 after buying an additional 436 shares during the last quarter. Arizona State Retirement System grew its holdings in Hillenbrand by 0.5% during the first quarter. Arizona State Retirement System now owns 96,461 shares of the company’s stock valued at $4,006,000 after purchasing an additional 447 shares during the last quarter. Bank of Montreal Can grew its holdings in Hillenbrand by 11.6% during the first quarter. Bank of Montreal Can now owns 6,255 shares of the company’s stock valued at $260,000 after purchasing an additional 648 shares during the last quarter. Pearl River Capital LLC grew its holdings in Hillenbrand by 175.6% during the first quarter. Pearl River Capital LLC now owns 1,086 shares of the company’s stock valued at $46,000 after purchasing an additional 692 shares during the last quarter. Finally, Mason Street Advisors LLC grew its holdings in Hillenbrand by 3.7% during the first quarter. Mason Street Advisors LLC now owns 20,082 shares of the company’s stock valued at $834,000 after purchasing an additional 720 shares during the last quarter. Institutional investors own 77.82% of the company’s stock.

HI stock traded up $0.26 during midday trading on Tuesday, hitting $34.53. 21,031 shares of the company traded hands, compared to its average volume of 803,471. Hillenbrand, Inc. has a twelve month low of $33.68 and a twelve month high of $53.41. The company has a quick ratio of 0.92, a current ratio of 1.29 and a debt-to-equity ratio of 0.47. The firm’s 50 day simple moving average is $38.10. The company has a market cap of $2.15 billion, a PE ratio of 14.15 and a beta of 1.28.

Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. Hillenbrand had a return on equity of 20.21% and a net margin of 8.17%. The company had revenue of $464.60 million during the quarter, compared to analysts’ expectations of $444.60 million. During the same period in the prior year, the business earned $0.65 earnings per share. Hillenbrand’s revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts anticipate that Hillenbrand, Inc. will post 2.48 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.21 dividend. The ex-dividend date was Thursday, June 13th. This represents a $0.84 annualized dividend and a dividend yield of 2.43%. Hillenbrand’s dividend payout ratio is 34.57%.

HI has been the topic of several analyst reports. DA Davidson set a $209.00 price target on WD-40 and gave the company a “buy” rating in a report on Monday, July 15th. Buckingham Research initiated coverage on Hillenbrand in a report on Thursday, May 16th. They set a “buy” rating and a $53.00 price target on the stock. Finally, ValuEngine upgraded Valmont Industries from a “sell” rating to a “hold” rating in a report on Friday, July 12th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $54.60.

Hillenbrand Profile

Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.

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Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

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