Verdence Capital Advisors LLC Buys Shares of 6,789 Hillenbrand, Inc. (NYSE:HI)

Verdence Capital Advisors LLC bought a new stake in shares of Hillenbrand, Inc. (NYSE:HI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 6,789 shares of the company’s stock, valued at approximately $325,000.

A number of other large investors also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. lifted its position in Hillenbrand by 3.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 9,124 shares of the company’s stock valued at $386,000 after purchasing an additional 265 shares during the period. Arizona State Retirement System increased its stake in shares of Hillenbrand by 1.6% in the 3rd quarter. Arizona State Retirement System now owns 19,809 shares of the company’s stock valued at $838,000 after acquiring an additional 317 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of Hillenbrand by 6.1% in the 3rd quarter. Teacher Retirement System of Texas now owns 5,564 shares of the company’s stock valued at $235,000 after acquiring an additional 319 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Hillenbrand by 4.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 10,416 shares of the company’s stock valued at $441,000 after acquiring an additional 489 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Hillenbrand by 1.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,428 shares of the company’s stock valued at $1,504,000 after acquiring an additional 514 shares during the last quarter. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Hillenbrand Stock Performance

Shares of HI stock opened at $49.18 on Wednesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.28 and a quick ratio of 0.79. The stock has a market cap of $3.45 billion, a PE ratio of 6.37 and a beta of 1.49. The stock has a 50-day moving average of $48.04 and a 200-day moving average of $44.53. Hillenbrand, Inc. has a one year low of $37.19 and a one year high of $53.76.

Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Monday, February 5th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates 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%. As a group, sell-side analysts expect 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 paid a dividend of $0.222 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.89 dividend on an annualized basis and a yield of 1.81%. Hillenbrand’s payout ratio is 11.53%.

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.