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

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

Hillenbrand Price Performance

Hillenbrand stock opened at $43.46 on Tuesday. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 35.92 and a beta of 1.49. The firm’s fifty day moving average is $47.85 and its 200 day moving average is $44.88. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.24. Hillenbrand, Inc. has a 52-week low of $37.19 and a 52-week high of $53.76.

Hillenbrand (NYSE:HI) last released its quarterly 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 for the quarter, compared to the consensus estimate of $801.55 million. During the same quarter in the prior year, the firm earned $0.74 earnings per share. Hillenbrand’s revenue 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 fiscal year.

Hillenbrand Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.222 per share. This represents a $0.89 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Thursday, March 14th. Hillenbrand’s dividend payout ratio (DPR) is 73.55%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HI. GoalVest Advisory LLC bought a new position in Hillenbrand during the fourth quarter valued at $37,000. Transcendent Capital Group LLC bought a new position in Hillenbrand during the fourth quarter valued at $63,000. Greenleaf Trust bought a new position in Hillenbrand during the first quarter valued at $200,000. Avantax Planning Partners Inc. bought a new position in Hillenbrand during the third quarter valued at $202,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of Hillenbrand in the fourth quarter worth about $203,000. 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.