Kimberly K. Ryan Buys 2,350 Shares of Hillenbrand, Inc. (NYSE:HI) Stock

Hillenbrand, Inc. (NYSE:HI) CEO Kimberly K. Ryan bought 2,350 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average cost of $42.69 per share, for a total transaction of $100,321.50. Following the completion of the acquisition, the chief executive officer now directly owns 135,954 shares in the company, valued at approximately $5,803,876.26. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hillenbrand Price Performance

NYSE:HI opened at $45.02 on Wednesday. The firm’s fifty day moving average price is $47.81 and its two-hundred day moving average price 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. The company has a market cap of $3.16 billion, a P/E ratio of 37.21 and a beta of 1.49. Hillenbrand, Inc. has a one year low of $37.19 and a one year high of $53.76.

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

Hillenbrand Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.222 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date was Thursday, March 14th. Hillenbrand’s dividend payout ratio is currently 73.55%.

Hedge Funds Weigh In On Hillenbrand

Institutional investors and hedge funds have recently modified their holdings of the business. QRG Capital Management Inc. grew its position in Hillenbrand by 9.4% during the first quarter. QRG Capital Management Inc. now owns 8,281 shares of the company’s stock worth $416,000 after buying an additional 712 shares in the last quarter. Inspire Investing LLC grew its holdings in shares of Hillenbrand by 80.7% during the 1st quarter. Inspire Investing LLC now owns 14,515 shares of the company’s stock worth $730,000 after purchasing an additional 6,481 shares in the last quarter. Inspire Advisors LLC bought a new position in shares of Hillenbrand in the first quarter worth $1,152,000. GW Henssler & Associates Ltd. raised its stake in Hillenbrand by 13.7% in the first quarter. GW Henssler & Associates Ltd. now owns 164,814 shares of the company’s stock valued at $8,288,000 after purchasing an additional 19,902 shares in the last quarter. Finally, Swiss National Bank lifted its position in Hillenbrand by 0.4% during the first quarter. Swiss National Bank now owns 138,359 shares of the company’s stock worth $6,958,000 after purchasing an additional 600 shares during the period. 89.09% of the stock is currently owned by institutional investors and hedge funds.

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.