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

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

Hillenbrand Price Performance

Shares of Hillenbrand stock traded up $1.04 during mid-day trading on Monday, reaching $43.48. 431,954 shares of the stock traded hands, compared to its average volume of 301,309. The business has a 50-day moving average of $47.92 and a 200 day moving average of $44.85. Hillenbrand, Inc. has a fifty-two week low of $37.19 and a fifty-two week high of $53.76. The stock has a market capitalization of $3.05 billion, a PE ratio of 35.07 and a beta of 1.49. 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 (NYSE:HI) last announced its earnings results on Tuesday, April 30th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. Hillenbrand had a return on equity of 14.75% and a net margin of 2.79%. The business had revenue of $785.30 million during the quarter, compared to analysts’ expectations of $801.55 million. During the same quarter in the prior year, the firm earned $0.74 earnings per share. The business’s revenue was up 13.7% compared to the same quarter last year. On average, analysts predict that Hillenbrand, Inc. will post 3.57 EPS for the current year.

Hillenbrand Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.222 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.89 annualized dividend and a dividend yield of 2.04%. Hillenbrand’s dividend payout ratio is presently 73.55%.

Institutional Investors Weigh In On Hillenbrand

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Hillenbrand by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 8,412,143 shares of the company’s stock worth $402,521,000 after acquiring an additional 133,975 shares during the last quarter. FMR LLC boosted its position in shares of Hillenbrand by 1.1% during the third quarter. FMR LLC now owns 4,754,412 shares of the company’s stock worth $201,159,000 after buying an additional 50,091 shares during the period. Victory Capital Management Inc. boosted its position in shares of 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 period. Dimensional Fund Advisors LP boosted its position in shares of Hillenbrand by 7.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,747,176 shares of the company’s stock worth $83,605,000 after buying an additional 120,782 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Hillenbrand by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 868,965 shares of the company’s stock worth $41,580,000 after buying an additional 39,697 shares during the period. Institutional investors and hedge funds 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.