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

Hillenbrand, Inc. (NYSE:HI) Director Jennifer Rumsey bought 587 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were acquired at an average price of $42.54 per share, with a total value of $24,970.98. Following the completion of the transaction, the director now owns 587 shares of the company’s stock, valued at approximately $24,970.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hillenbrand Trading Up 0.7 %

HI stock opened at $45.33 on Thursday. The firm’s 50-day moving average is $47.78 and its 200 day moving average is $44.93. The company has a market capitalization of $3.18 billion, a PE ratio of 37.46 and a beta of 1.49. Hillenbrand, Inc. has a 12 month low of $37.19 and a 12 month high of $53.76. 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 issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.01. The company had revenue of $785.30 million for the quarter, compared to analyst estimates of $801.55 million. Hillenbrand had a net margin of 2.79% and a return on equity of 14.75%. Hillenbrand’s revenue was up 13.7% compared to the same quarter last year. During the same period last year, the company posted $0.74 earnings per share. On average, research analysts anticipate that Hillenbrand, Inc. will post 3.57 EPS for the current year.

Hillenbrand Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.222 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Thursday, March 14th. Hillenbrand’s payout ratio is currently 73.55%.

Institutional Investors Weigh In On Hillenbrand

Institutional investors have recently bought and sold shares of the company. Raymond James & Associates lifted its holdings in shares of Hillenbrand by 21.0% during the 3rd quarter. Raymond James & Associates now owns 424,762 shares of the company’s stock valued at $17,972,000 after purchasing an additional 73,759 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Hillenbrand by 3.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 9,124 shares of the company’s stock valued at $386,000 after buying an additional 265 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Hillenbrand by 9.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,595 shares of the company’s stock valued at $575,000 after buying an additional 1,222 shares during the last quarter. Inspire Investing LLC boosted its holdings in Hillenbrand by 19.0% in the third quarter. Inspire Investing LLC now owns 7,238 shares of the company’s stock worth $306,000 after acquiring an additional 1,158 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of Hillenbrand by 6.1% during the third quarter. Teacher Retirement System of Texas now owns 5,564 shares of the company’s stock worth $235,000 after acquiring an additional 319 shares during the last quarter. 89.09% of the stock is currently owned by institutional investors and hedge funds.

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.