Jennifer Rumsey Buys 587 Shares of Hillenbrand, Inc. (NYSE:HI) Stock

Hillenbrand, Inc. (NYSE:HI) Director Jennifer Rumsey bought 587 shares of Hillenbrand stock in a transaction dated Friday, May 3rd. The stock was purchased at an average price of $42.54 per share, with a total value of $24,970.98. Following the purchase, the director now owns 587 shares in the company, valued at $24,970.98. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Hillenbrand Stock Up 3.5 %

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 firm has a market capitalization of $3.16 billion, a P/E ratio of 37.21 and a beta of 1.49. The company’s 50-day moving average is $47.81 and its 200 day moving average is $44.93. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.34 and a quick ratio of 0.86.

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

Hillenbrand Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders 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 presently 73.55%.

Institutional Investors Weigh In On Hillenbrand

Several large investors have recently made changes to their positions in the business. Victory Capital Management Inc. increased its holdings in Hillenbrand by 10.9% during the fourth 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. grew its position in shares of Hillenbrand by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 829,268 shares of the company’s stock valued at $35,086,000 after acquiring an additional 28,886 shares during the period. Cerity Partners LLC purchased a new stake in shares of Hillenbrand during the 4th quarter worth approximately $756,000. Mcmorgan & Co. LLC raised its holdings in shares of Hillenbrand by 21.5% in 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 during the period. Finally, Vanguard Group Inc. lifted its stake in Hillenbrand by 8.2% in 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 last quarter. 89.09% of the stock is owned by hedge funds and other institutional investors.

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.