DA Davidson Weighs in on Hillenbrand, Inc.’s Q3 2024 Earnings (NYSE:HI)

Hillenbrand, Inc. (NYSE:HI) – Stock analysts at DA Davidson issued their Q3 2024 earnings per share (EPS) estimates for Hillenbrand in a research report issued to clients and investors on Thursday, May 2nd. DA Davidson analyst M. Summerville expects that the company will post earnings per share of $0.84 for the quarter. The consensus estimate for Hillenbrand’s current full-year earnings is $3.57 per share.

Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. The company had revenue of $785.30 million during the quarter, compared to analyst estimates of $801.55 million. Hillenbrand had a net margin of 2.79% and a return on equity of 14.75%. Hillenbrand’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the firm posted $0.74 EPS.

Hillenbrand Price Performance

NYSE:HI opened at $45.02 on Monday. The firm’s fifty day moving average is $47.81 and its two-hundred day moving average is $44.93. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 37.21 and a beta of 1.49. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.86 and a current ratio of 1.34. Hillenbrand has a one year low of $37.19 and a one year high of $53.76.

Hillenbrand Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.222 per share. This represents a $0.89 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, March 14th. Hillenbrand’s dividend payout ratio (DPR) is 73.55%.

Insider Activity at Hillenbrand

In related news, CEO Kimberly K. Ryan purchased 5,600 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was bought at an average cost of $44.94 per share, with a total value of $251,664.00. Following the completion of the acquisition, the chief executive officer now owns 133,604 shares of the company’s stock, valued at approximately $6,004,163.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Hillenbrand news, CEO Kimberly K. Ryan bought 2,350 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were purchased at an average cost of $42.69 per share, for a total transaction of $100,321.50. Following the transaction, the chief executive officer now directly owns 135,954 shares of the company’s stock, valued at $5,803,876.26. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Kimberly K. Ryan purchased 5,600 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average price of $44.94 per share, with a total value of $251,664.00. Following the purchase, the chief executive officer now owns 133,604 shares in the company, valued at $6,004,163.76. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 23,456 shares of company stock worth $1,041,816. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Hillenbrand

Institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. raised its stake in shares of Hillenbrand by 10.9% during the 4th quarter. Victory Capital Management Inc. now owns 2,885,216 shares of the company’s stock worth $138,058,000 after buying an additional 283,608 shares during the period. Charles Schwab Investment Management Inc. raised its position in Hillenbrand by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 829,268 shares of the company’s stock worth $35,086,000 after acquiring an additional 28,886 shares during the period. Cerity Partners LLC purchased a new position in Hillenbrand during the fourth quarter valued at $756,000. Mcmorgan & Co. LLC grew its position in shares of Hillenbrand by 21.5% in the third quarter. Mcmorgan & Co. LLC now owns 60,701 shares of the company’s stock valued at $2,568,000 after purchasing an additional 10,735 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Hillenbrand by 8.2% during the third quarter. Vanguard Group Inc. now owns 8,278,168 shares of the company’s stock worth $350,249,000 after purchasing an additional 623,919 shares in the last quarter. 89.09% of the stock is owned by institutional investors and hedge funds.

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.