Mirae Asset Global Investments Co. Ltd. Grows Stake in Hillenbrand, Inc. (NYSE:HI)

Mirae Asset Global Investments Co. Ltd. raised its stake in Hillenbrand, Inc. (NYSE:HI) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,428 shares of the company’s stock after acquiring an additional 514 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Hillenbrand were worth $1,504,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Cetera Advisor Networks LLC lifted 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 valued at $383,000 after acquiring an additional 4,272 shares during the period. Citigroup Inc. raised its stake in shares of Hillenbrand by 4.7% in 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. raised its stake in shares of Hillenbrand by 3.1% in 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 raised its stake in shares of Hillenbrand by 54.0% in 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 raised its stake in shares of Hillenbrand by 3.7% in 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 Buying and Selling

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

Hillenbrand Stock Performance

NYSE:HI opened at $48.02 on Monday. The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 1.18. Hillenbrand, Inc. has a 12-month low of $37.19 and a 12-month high of $53.76. The stock has a 50-day moving average price of $47.96 and a 200 day moving average price of $44.44. The stock 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 released its earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. Hillenbrand had a return on equity of 14.65% and a net margin of 18.39%. The firm had revenue of $773.30 million during the quarter, compared to analysts’ expectations of $776.40 million. Equities research analysts forecast that Hillenbrand, Inc. will post 3.72 EPS for the current fiscal 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. This represents a $0.89 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Thursday, March 14th. Hillenbrand’s dividend payout ratio is currently 11.53%.

Hillenbrand 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.