Insider Buying: Hillenbrand, Inc. (NYSE:HI) CEO Purchases $100,321.50 in Stock

Hillenbrand, Inc. (NYSE:HI) CEO Kimberly K. Ryan bought 2,350 shares of the stock in a transaction dated Friday, May 3rd. The shares were acquired at an average price of $42.69 per share, for a total transaction of $100,321.50. Following the completion of the transaction, the chief executive officer now owns 135,954 shares of the company’s stock, valued at approximately $5,803,876.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Hillenbrand Price Performance

Shares of NYSE HI opened at $45.33 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.34 and a quick ratio of 0.86. The stock has a fifty day moving average price of $47.78 and a 200 day moving average price of $44.93. Hillenbrand, Inc. has a 1-year low of $37.19 and a 1-year high of $53.76. The company has a market cap of $3.18 billion, a PE ratio of 37.46 and a beta of 1.49.

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

Hillenbrand Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.222 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Thursday, March 14th. Hillenbrand’s dividend payout ratio (DPR) is currently 73.55%.

Institutional Investors Weigh In On Hillenbrand

A number of hedge funds and other institutional investors have recently bought and sold shares of HI. Victory Capital Management Inc. raised its stake in shares of Hillenbrand by 10.9% during the 4th quarter. Victory Capital Management Inc. now owns 2,885,216 shares of the company’s stock worth $138,058,000 after buying an additional 283,608 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Hillenbrand by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 829,268 shares of the company’s stock worth $35,086,000 after purchasing an additional 28,886 shares in the last quarter. Cerity Partners LLC purchased a new stake in Hillenbrand during the 4th quarter worth about $756,000. Mcmorgan & Co. LLC increased its position in Hillenbrand by 21.5% during the 3rd quarter. Mcmorgan & Co. LLC now owns 60,701 shares of the company’s stock worth $2,568,000 after purchasing an additional 10,735 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Hillenbrand by 8.2% during the 3rd quarter. Vanguard Group Inc. now owns 8,278,168 shares of the company’s stock worth $350,249,000 after purchasing an additional 623,919 shares in the last quarter. Institutional investors and hedge funds 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.