Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in Hillenbrand, Inc. (NYSE:HI)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Hillenbrand, Inc. (NYSE:HI) by 20.0% during the fourth quarter, Holdings Channel reports. The firm owned 16,311 shares of the company’s stock after acquiring an additional 2,716 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hillenbrand were worth $780,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. GoalVest Advisory LLC acquired a new stake in Hillenbrand during the 4th quarter worth $37,000. Avantax Planning Partners Inc. purchased a new stake in shares of Hillenbrand in the third quarter valued at about $202,000. Mackenzie Financial Corp acquired a new stake in shares of Hillenbrand during the fourth quarter worth about $217,000. Teacher Retirement System of Texas grew 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 buying an additional 319 shares during the last quarter. Finally, Inspire Investing LLC increased its position in Hillenbrand by 19.0% in the 3rd quarter. Inspire Investing LLC now owns 7,238 shares of the company’s stock valued at $306,000 after acquiring an additional 1,158 shares during the period. 89.09% of the stock is owned by hedge funds and other institutional investors.

Hillenbrand Stock Up 0.1 %

HI opened at $49.48 on Tuesday. Hillenbrand, Inc. has a 52 week low of $37.19 and a 52 week high of $53.76. The business has a 50 day moving average price of $48.16 and a two-hundred day moving average price of $44.75. 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 company has a market cap of $3.47 billion, a PE ratio of 6.41 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, beating analysts’ consensus estimates of $0.68 by $0.01. Hillenbrand had a return on equity of 14.65% and a net margin of 18.39%. The business had revenue of $773.30 million for the quarter, compared to analyst estimates of $776.40 million. As a group, research analysts anticipate that Hillenbrand, Inc. will post 3.72 EPS for the current year.

Hillenbrand Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.222 dividend. This represents a $0.89 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Thursday, March 14th. Hillenbrand’s dividend payout ratio (DPR) is presently 11.53%.

Insider Transactions at Hillenbrand

In other news, VP Nicholas R. Farrell sold 8,542 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $47.02, for a total transaction of $401,644.84. Following the transaction, the vice president now directly owns 41,951 shares in the company, valued at $1,972,536.02. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Hillenbrand news, CFO Robert M. Vanhimbergen acquired 11,319 shares of the business’s stock in a transaction on Friday, February 9th. The stock was purchased at an average price of $45.23 per share, for a total transaction of $511,958.37. Following the completion of the transaction, the chief financial officer now owns 34,559 shares of the company’s stock, valued at approximately $1,563,103.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Nicholas R. Farrell sold 8,542 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president now directly 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. Company insiders own 1.80% of the company’s stock.

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.