Hillenbrand, Inc. (NYSE:HI) CEO Kimberly K. Ryan Purchases 5,600 Shares

Hillenbrand, Inc. (NYSE:HIGet Free Report) CEO Kimberly K. Ryan acquired 5,600 shares of Hillenbrand stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average cost of $44.94 per share, for a total transaction of $251,664.00. Following the completion of the transaction, the chief executive officer now directly owns 133,604 shares in the company, valued at $6,004,163.76. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hillenbrand Price Performance

NYSE HI opened at $47.00 on Tuesday. 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’s fifty day moving average price is $45.10 and its 200 day moving average price is $43.69. 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 $3.30 billion, a price-to-earnings ratio of 6.09 and a beta of 1.50.

Hillenbrand (NYSE:HIGet Free Report) last released its earnings results on Wednesday, November 15th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.06. The firm had revenue of $762.80 million for the quarter, compared to the consensus estimate of $742.11 million. Hillenbrand had a return on equity of 14.65% and a net margin of 18.39%. The firm’s revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS. As a group, equities research analysts forecast that Hillenbrand, Inc. will post 3.72 earnings per share for the current year.

Hillenbrand Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a $0.2225 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.89 dividend on an annualized basis and a yield of 1.89%. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. Hillenbrand’s dividend payout ratio is currently 11.53%.

Institutional Investors Weigh In On Hillenbrand

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Hillenbrand by 8.2% in the third quarter. Vanguard Group Inc. now owns 8,278,168 shares of the company’s stock worth $350,249,000 after acquiring an additional 623,919 shares during the period. FMR LLC increased its position in shares of Hillenbrand by 1.1% in the third quarter. FMR LLC now owns 4,754,412 shares of the company’s stock valued at $201,159,000 after buying an additional 50,091 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Hillenbrand by 10.9% in the fourth quarter. Victory Capital Management Inc. now owns 2,885,216 shares of the company’s stock valued at $138,058,000 after purchasing an additional 283,608 shares during the period. State Street Corp grew its position in shares of Hillenbrand by 1.3% in the second quarter. State Street Corp now owns 2,551,028 shares of the company’s stock valued at $104,490,000 after purchasing an additional 32,595 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Hillenbrand by 7.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,747,176 shares of the company’s stock valued at $83,605,000 after purchasing an additional 120,782 shares during the period. Hedge funds and other institutional investors own 89.12% of the company’s stock.

Wall Street Analyst Weigh In

HI has been the topic of several recent research reports. CL King initiated coverage on Hillenbrand in a research report on Tuesday, December 19th. They set a “strong-buy” rating and a $61.00 target price on the stock. StockNews.com cut shares of Hillenbrand from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. Finally, TheStreet lowered shares of Hillenbrand from a “b-” rating to a “c+” rating in a research note on Monday, December 18th.

Check Out Our Latest Stock Analysis on HI

Hillenbrand Company Profile

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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.

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