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

Hillenbrand, Inc. (NYSE:HI) Director Jennifer Rumsey purchased 587 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average price of $42.54 per share, for a total transaction of $24,970.98. Following the completion of the transaction, the director now directly owns 587 shares of the company’s stock, valued at $24,970.98. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hillenbrand Stock Performance

Shares of Hillenbrand stock opened at $45.02 on Wednesday. Hillenbrand, Inc. has a 12 month low of $37.19 and a 12 month high of $53.76. The firm has a market capitalization of $3.16 billion, a P/E ratio of 37.21 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. The business has a fifty day simple moving average of $47.81 and a two-hundred day simple moving average of $44.93.

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

Hillenbrand Cuts Dividend

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

Institutional Trading of Hillenbrand

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James & Associates boosted its holdings in Hillenbrand by 21.0% in the third quarter. Raymond James & Associates now owns 424,762 shares of the company’s stock worth $17,972,000 after acquiring an additional 73,759 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Hillenbrand by 3.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 9,124 shares of the company’s stock worth $386,000 after purchasing an additional 265 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Hillenbrand by 9.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,595 shares of the company’s stock valued at $575,000 after purchasing an additional 1,222 shares during the last quarter. Inspire Investing LLC increased its stake in Hillenbrand by 19.0% during the 3rd quarter. Inspire Investing LLC now owns 7,238 shares of the company’s stock valued at $306,000 after purchasing an additional 1,158 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in Hillenbrand by 6.1% during the 3rd quarter. Teacher Retirement System of Texas now owns 5,564 shares of the company’s stock valued at $235,000 after purchasing an additional 319 shares in the last quarter. Hedge funds and other institutional investors own 89.09% 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.