Maryland State Retirement & Pension System Has $1.22 Million Stock Holdings in Hillenbrand, Inc. (NYSE:HI)

Maryland State Retirement & Pension System trimmed its holdings in Hillenbrand, Inc. (NYSE:HI) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 25,410 shares of the company’s stock after selling 342 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Hillenbrand were worth $1,216,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GoalVest Advisory LLC bought a new stake in Hillenbrand during the fourth quarter worth approximately $37,000. Avantax Planning Partners Inc. acquired a new stake in shares of Hillenbrand in the third quarter worth $202,000. Xponance Inc. bought a new stake in shares of Hillenbrand during the 4th quarter worth $204,000. Mackenzie Financial Corp acquired a new position in Hillenbrand in the 4th quarter valued at $217,000. Finally, MeadowBrook Investment Advisors LLC bought a new position in Hillenbrand in the 4th quarter worth $231,000. Institutional investors and hedge funds own 89.09% of the company’s stock.

Hillenbrand Stock Up 0.7 %

Hillenbrand stock opened at $45.33 on Thursday. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 37.46 and a beta of 1.49. The firm has a fifty day moving average price of $47.78 and a two-hundred day moving average price of $44.93. 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 1.24, a current ratio of 1.34 and a quick ratio of 0.86.

Hillenbrand (NYSE:HI) last announced its earnings results on Tuesday, April 30th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.01. The firm had revenue of $785.30 million during the quarter, compared to the consensus estimate of $801.55 million. Hillenbrand had a return on equity of 14.75% and a net margin of 2.79%. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 EPS. As a group, analysts forecast that Hillenbrand, Inc. will post 3.57 earnings per share for the current year.

Hillenbrand Cuts Dividend

The business 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 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Thursday, March 14th. Hillenbrand’s dividend payout ratio (DPR) is currently 73.55%.

Insider Activity at Hillenbrand

In related news, VP Nicholas R. Farrell sold 8,542 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $47.02, for a total value of $401,644.84. Following the completion of the sale, the vice president now owns 41,951 shares in the company, valued at $1,972,536.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Nicholas R. Farrell sold 8,542 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $47.02, for a total value of $401,644.84. Following the completion of the transaction, the vice president now owns 41,951 shares in the company, valued at approximately $1,972,536.02. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Leo Kulmaczewski bought 900 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were acquired at an average price of $42.10 per share, for a total transaction of $37,890.00. Following the completion of the transaction, the vice president now owns 1,886 shares in the company, valued at approximately $79,400.60. The disclosure for this purchase can be found here. Insiders purchased a total of 23,456 shares of company stock worth $1,041,816 in the last ninety days. 1.80% of the stock is currently owned by 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.