Raymond James & Associates Buys 44,053 Shares of Hillenbrand, Inc. (NYSE:HI)

Raymond James & Associates boosted its stake in Hillenbrand, Inc. (NYSE:HIFree Report) by 10.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 468,815 shares of the company’s stock after buying an additional 44,053 shares during the quarter. Raymond James & Associates owned approximately 0.67% of Hillenbrand worth $22,433,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Hillenbrand by 3.6% in the third 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 last quarter. Mcmorgan & Co. LLC raised its position in Hillenbrand by 21.5% in the 3rd quarter. Mcmorgan & Co. LLC now owns 60,701 shares of the company’s stock valued at $2,568,000 after purchasing an additional 10,735 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Hillenbrand by 10.3% in the third quarter. New York State Common Retirement Fund now owns 466,121 shares of the company’s stock worth $19,722,000 after purchasing an additional 43,372 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Hillenbrand by 8.2% during the third quarter. Vanguard Group Inc. now owns 8,278,168 shares of the company’s stock worth $350,249,000 after purchasing an additional 623,919 shares during the last quarter. Finally, Rice Hall James & Associates LLC acquired a new stake in shares of Hillenbrand in the third quarter valued at $2,035,000. 89.09% of the stock is currently owned by institutional investors.

Hillenbrand Price Performance

Shares of HI stock opened at $50.29 on Monday. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 6.51 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 quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 1.18. The stock has a 50-day moving average price of $47.40 and a 200 day moving average price of $43.92.

Hillenbrand (NYSE:HIGet Free Report) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. The company had revenue of $773.30 million during the quarter, compared to analysts’ expectations of $776.40 million. Hillenbrand had a net margin of 18.39% and a return on equity of 14.65%. Research analysts expect that Hillenbrand, Inc. will post 3.72 EPS for the current year.

Hillenbrand Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.222 dividend. This represents a $0.89 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Thursday, March 14th. Hillenbrand’s dividend payout ratio is presently 11.53%.

Insider Activity at Hillenbrand

In related news, CEO Kimberly K. Ryan purchased 5,600 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average price of $44.94 per share, with a total value of $251,664.00. Following the acquisition, the chief executive officer now owns 133,604 shares of the company’s stock, valued at approximately $6,004,163.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Nicholas R. Farrell sold 8,542 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $47.02, for a total transaction of $401,644.84. Following the completion of the transaction, the vice president now owns 41,951 shares of the company’s stock, valued at $1,972,536.02. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Kimberly K. Ryan purchased 5,600 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was purchased at an average cost of $44.94 per share, for a total transaction of $251,664.00. Following the acquisition, the chief executive officer now owns 133,604 shares of the company’s stock, valued at approximately $6,004,163.76. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HI. TheStreet lowered shares of Hillenbrand from a “b-” rating to a “c+” rating in a report on Monday, December 18th. CL King began coverage on shares of Hillenbrand in a research report on Tuesday, December 19th. They issued a “strong-buy” rating and a $61.00 price objective for the company.

Read Our Latest Research Report on Hillenbrand

Hillenbrand Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

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