Insider Buying: Hillenbrand, Inc. (NYSE:HI) Director Acquires $24,970.98 in Stock

Hillenbrand, Inc. (NYSE:HI) Director Jennifer Rumsey purchased 587 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were acquired at an average cost of $42.54 per share, with a total value of $24,970.98. Following the acquisition, the director now directly owns 587 shares in the company, valued at $24,970.98. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hillenbrand Stock Up 0.7 %

Shares of HI opened at $45.33 on Thursday. The firm has a market cap of $3.18 billion, a P/E ratio of 37.46 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. Hillenbrand, Inc. has a 52 week low of $37.19 and a 52 week high of $53.76. The firm’s 50-day simple moving average is $47.78 and its 200 day simple moving average is $44.93.

Hillenbrand (NYSE:HI) last announced its earnings results on Tuesday, April 30th. The company reported $0.76 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the business posted $0.74 earnings per share. Hillenbrand’s quarterly revenue was up 13.7% on a year-over-year basis. On average, analysts forecast that Hillenbrand, Inc. will post 3.57 earnings per share for the current year.

Hillenbrand Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given 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 dividend yield of 1.96%. Hillenbrand’s payout ratio is 73.55%.

Institutional Trading of Hillenbrand

A number of institutional investors and hedge funds have recently made changes to their positions in HI. Raymond James & Associates lifted its stake in shares of Hillenbrand by 21.0% in the 3rd quarter. Raymond James & Associates now owns 424,762 shares of the company’s stock valued at $17,972,000 after acquiring an additional 73,759 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted 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 worth $386,000 after buying an additional 265 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Hillenbrand by 9.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,595 shares of the company’s stock worth $575,000 after acquiring an additional 1,222 shares during the last quarter. Inspire Investing LLC increased its position in Hillenbrand by 19.0% in the 3rd quarter. Inspire Investing LLC now owns 7,238 shares of the company’s stock valued at $306,000 after acquiring an additional 1,158 shares during the period. Finally, Teacher Retirement System of Texas increased its position in 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 period. Institutional investors own 89.09% of the company’s stock.

Hillenbrand Company 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.