Mackenzie Financial Corp Purchases Shares of 4,534 Hillenbrand, Inc. (NYSE:HI)

Mackenzie Financial Corp purchased a new stake in shares of Hillenbrand, Inc. (NYSE:HI) in the 4th quarter, HoldingsChannel reports. The firm purchased 4,534 shares of the company’s stock, valued at approximately $217,000.

Other institutional investors have also added to or reduced their stakes in the company. GoalVest Advisory LLC purchased a new stake in Hillenbrand during the fourth quarter valued at about $37,000. Avantax Planning Partners Inc. purchased a new stake in shares of Hillenbrand during the third quarter worth about $202,000. Teacher Retirement System of Texas boosted its holdings 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 purchasing an additional 319 shares during the period. Inspire Investing LLC boosted its holdings in shares of Hillenbrand by 19.0% during the third quarter. Inspire Investing LLC now owns 7,238 shares of the company’s stock worth $306,000 after purchasing an additional 1,158 shares during the period. Finally, QRG Capital Management Inc. purchased a new stake in shares of Hillenbrand during the third quarter worth about $328,000. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Kimberly K. Ryan acquired 5,600 shares of the stock in a transaction on Friday, February 9th. The stock was acquired at an average cost of $44.94 per share, for a total transaction of $251,664.00. Following the completion of 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Hillenbrand news, CFO Robert M. Vanhimbergen bought 11,319 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $45.23 per share, with a total value of $511,958.37. Following the completion of the purchase, the chief financial officer now owns 34,559 shares of the company’s stock, valued at $1,563,103.57. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Kimberly K. Ryan bought 5,600 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were acquired at an average cost of $44.94 per share, with a total value of $251,664.00. Following the purchase, the chief executive officer now directly 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.

Hillenbrand Stock Performance

Hillenbrand stock opened at $49.41 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. The firm has a 50-day moving average of $48.12 and a 200-day moving average of $44.69. The firm has a market cap of $3.47 billion, a P/E ratio of 6.40 and a beta of 1.49. Hillenbrand, Inc. has a 1-year low of $37.19 and a 1-year high of $53.76.

Hillenbrand (NYSE:HI) last posted its earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Hillenbrand had a net margin of 18.39% and a return on equity of 14.65%. The company had revenue of $773.30 million during the quarter, compared to analyst estimates of $776.40 million. Sell-side analysts expect that Hillenbrand, Inc. will post 3.72 EPS for the current year.

Hillenbrand Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders 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 yield of 1.80%. Hillenbrand’s dividend payout ratio (DPR) 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.