Raymond James Financial Services Advisors Inc. Grows Stake in Hillenbrand, Inc. (NYSE:HI)

Raymond James Financial Services Advisors Inc. grew its position in Hillenbrand, Inc. (NYSE:HI) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,627 shares of the company’s stock after purchasing an additional 503 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Hillenbrand were worth $461,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HI. Cetera Advisor Networks LLC grew its holdings in Hillenbrand by 96.9% in the first quarter. Cetera Advisor Networks LLC now owns 8,679 shares of the company’s stock worth $383,000 after purchasing an additional 4,272 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Hillenbrand by 4.7% during the first quarter. Citigroup Inc. now owns 70,026 shares of the company’s stock worth $3,093,000 after buying an additional 3,131 shares during the period. Natixis Advisors L.P. lifted its stake in shares of Hillenbrand by 3.1% during the first quarter. Natixis Advisors L.P. now owns 11,557 shares of the company’s stock worth $510,000 after buying an additional 346 shares during the period. MetLife Investment Management LLC lifted its stake in shares of Hillenbrand by 54.0% during the first quarter. MetLife Investment Management LLC now owns 38,584 shares of the company’s stock worth $1,704,000 after buying an additional 13,527 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Hillenbrand by 3.7% during the first quarter. Rhumbline Advisers now owns 193,580 shares of the company’s stock worth $8,550,000 after buying an additional 6,834 shares during the period. 89.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Hillenbrand

In related news, VP Nicholas R. Farrell sold 8,542 shares of the business’s stock in a transaction 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 directly owns 41,951 shares in the company, valued at $1,972,536.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Nicholas R. Farrell sold 8,542 shares of the business’s stock in a transaction 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 directly owns 41,951 shares in the company, valued at $1,972,536.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kimberly K. Ryan acquired 5,600 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was purchased at an average price of $44.94 per share, with a total value of $251,664.00. Following the transaction, 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 insiders.

Hillenbrand Trading Up 1.5 %

NYSE:HI opened at $48.03 on Friday. Hillenbrand, Inc. has a 12 month low of $37.19 and a 12 month high of $53.76. The firm has a fifty day simple moving average of $47.93 and a 200-day simple moving average of $44.37. The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $3.37 billion, a P/E ratio of 6.22 and a beta of 1.49.

Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. Hillenbrand had a net margin of 18.39% and a return on equity of 14.65%. The business had revenue of $773.30 million during the quarter, compared to the consensus estimate of $776.40 million. On average, equities research analysts anticipate that Hillenbrand, Inc. will post 3.72 earnings per share for the current year.

Hillenbrand Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.222 per share. 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 1.85%. Hillenbrand’s dividend payout ratio is presently 11.53%.

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.