Jennifer Rumsey Acquires 587 Shares of Hillenbrand, Inc. (NYSE:HI) Stock

Hillenbrand, Inc. (NYSE:HI) Director Jennifer Rumsey bought 587 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were bought at an average cost of $42.54 per share, with a total value of $24,970.98. Following the purchase, the director now directly owns 587 shares of the company’s stock, valued at $24,970.98. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Hillenbrand Price Performance

NYSE:HI opened at $43.46 on Tuesday. The stock has a 50 day moving average of $47.85 and a two-hundred day moving average of $44.88. Hillenbrand, Inc. has a 12 month low of $37.19 and a 12 month high of $53.76. The firm has a market cap of $3.05 billion, a P/E ratio of 35.92 and a beta of 1.49. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.24.

Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.75 by $0.01. Hillenbrand had a return on equity of 14.75% and a net margin of 2.79%. The firm had revenue of $785.30 million during the quarter, compared to analysts’ expectations of $801.55 million. During the same period in the previous year, the business earned $0.74 earnings per share. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, analysts expect that Hillenbrand, Inc. will post 3.57 earnings per share for the current fiscal year.

Hillenbrand Cuts Dividend

The firm also recently declared 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 2.04%. The ex-dividend date was Thursday, March 14th. Hillenbrand’s dividend payout ratio is currently 73.55%.

Hedge Funds Weigh In On Hillenbrand

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new position in Hillenbrand in the 4th quarter worth approximately $40,130,000. Vanguard Group Inc. increased its holdings in shares of Hillenbrand by 8.2% in the third quarter. Vanguard Group Inc. now owns 8,278,168 shares of the company’s stock valued at $350,249,000 after purchasing an additional 623,919 shares during the last quarter. Victory Capital Management Inc. lifted its position in Hillenbrand by 19.6% during the third quarter. Victory Capital Management Inc. now owns 2,601,608 shares of the company’s stock worth $110,074,000 after buying an additional 426,077 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Hillenbrand by 7.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,747,176 shares of the company’s stock worth $83,605,000 after buying an additional 120,782 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in Hillenbrand by 21.0% in the 3rd quarter. Raymond James & Associates now owns 424,762 shares of the company’s stock valued at $17,972,000 after buying an additional 73,759 shares in the last quarter. 89.09% of the stock is currently owned by institutional investors and hedge funds.

About Hillenbrand

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.