Insider Buying: Hillenbrand, Inc. (NYSE:HI) CFO Acquires $102,192.00 in Stock

Hillenbrand, Inc. (NYSE:HI) CFO Robert M. Vanhimbergen acquired 2,400 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average price of $42.58 per share, for a total transaction of $102,192.00. Following the acquisition, the chief financial officer now directly owns 48,794 shares of the company’s stock, valued at approximately $2,077,648.52. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Hillenbrand Trading Up 0.7 %

NYSE:HI opened at $45.33 on Thursday. Hillenbrand, Inc. has a 52 week low of $37.19 and a 52 week high of $53.76. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.86 and a current ratio of 1.34. The company has a market capitalization of $3.18 billion, a P/E ratio of 37.46 and a beta of 1.49. The stock’s 50 day moving average price is $47.78 and its 200 day moving average price is $44.93.

Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.76 earnings per share for the quarter, beating 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 company had revenue of $785.30 million during the quarter, compared to analysts’ expectations of $801.55 million. During the same period in the prior year, the business earned $0.74 earnings per share. Hillenbrand’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, research analysts forecast that Hillenbrand, Inc. will post 3.57 EPS for the current fiscal year.

Hillenbrand Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.222 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.89 annualized dividend and a dividend yield of 1.96%. Hillenbrand’s dividend payout ratio is 73.55%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. GoalVest Advisory LLC acquired a new position in shares of Hillenbrand in the fourth quarter valued at $37,000. Transcendent Capital Group LLC acquired a new position in Hillenbrand during the fourth quarter worth $63,000. Greenleaf Trust acquired a new position in Hillenbrand during the first quarter worth $200,000. Avantax Planning Partners Inc. acquired a new position in Hillenbrand during the third quarter worth $202,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in Hillenbrand during the fourth quarter worth $203,000. 89.09% of the stock is currently 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.