Robert M. Vanhimbergen Purchases 2,400 Shares of Hillenbrand, Inc. (NYSE:HI) Stock

Hillenbrand, Inc. (NYSE:HI) CFO Robert M. Vanhimbergen bought 2,400 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average price of $42.58 per share, for a total transaction of $102,192.00. Following the completion of the purchase, the chief financial officer now owns 48,794 shares in the company, valued at $2,077,648.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Hillenbrand Price Performance

Shares of NYSE HI opened at $45.02 on Wednesday. Hillenbrand, Inc. has a fifty-two week low of $37.19 and a fifty-two week high of $53.76. The company has a market cap of $3.16 billion, a PE ratio of 37.21 and a beta of 1.49. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.86 and a current ratio of 1.34. The business has a 50-day simple moving average of $47.81 and a two-hundred day simple moving average of $44.93.

Hillenbrand (NYSE:HI) last released its earnings results on Tuesday, April 30th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. Hillenbrand had a net margin of 2.79% and a return on equity of 14.75%. The company had revenue of $785.30 million during the quarter, compared to analysts’ expectations of $801.55 million. During the same period last year, the business earned $0.74 EPS. Hillenbrand’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, equities analysts expect that Hillenbrand, Inc. will post 3.57 EPS for the current fiscal year.

Hillenbrand Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.222 dividend. 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 1.97%. Hillenbrand’s dividend payout ratio (DPR) is 73.55%.

Institutional Trading of Hillenbrand

Large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Hillenbrand in the 4th quarter valued at $40,130,000. Vanguard Group Inc. lifted its position in Hillenbrand by 8.2% during the third quarter. Vanguard Group Inc. now owns 8,278,168 shares of the company’s stock valued at $350,249,000 after purchasing an additional 623,919 shares during the period. Victory Capital Management Inc. boosted its holdings in Hillenbrand by 19.6% in the third quarter. Victory Capital Management Inc. now owns 2,601,608 shares of the company’s stock valued at $110,074,000 after purchasing an additional 426,077 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Hillenbrand by 7.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,747,176 shares of the company’s stock worth $83,605,000 after purchasing an additional 120,782 shares during the period. Finally, Raymond James & Associates raised its stake in shares of Hillenbrand by 21.0% during the 3rd quarter. Raymond James & Associates now owns 424,762 shares of the company’s stock valued at $17,972,000 after buying an additional 73,759 shares during the last quarter. Hedge funds and other institutional investors own 89.09% of the company’s stock.

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.