Yousif Capital Management LLC Trims Holdings in Hillenbrand, Inc. (NYSE:HI)

Yousif Capital Management LLC decreased its position in shares of Hillenbrand, Inc. (NYSE:HI) by 2.3% during the fourth quarter, Holdings Channel reports. The fund owned 34,677 shares of the company’s stock after selling 800 shares during the period. Yousif Capital Management LLC’s holdings in Hillenbrand were worth $1,659,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Hillenbrand by 8.2% during the 3rd quarter. Vanguard Group Inc. now owns 8,278,168 shares of the company’s stock worth $350,249,000 after acquiring an additional 623,919 shares during the period. FMR LLC grew its holdings in shares of Hillenbrand by 1.1% during the 3rd quarter. FMR LLC now owns 4,754,412 shares of the company’s stock worth $201,159,000 after acquiring an additional 50,091 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Hillenbrand by 19.6% during the 3rd quarter. Victory Capital Management Inc. now owns 2,601,608 shares of the company’s stock worth $110,074,000 after acquiring an additional 426,077 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Hillenbrand by 3.6% during the 3rd 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. Finally, Northern Trust Corp grew its holdings in shares of Hillenbrand by 0.5% during the 3rd quarter. Northern Trust Corp now owns 764,572 shares of the company’s stock worth $32,349,000 after acquiring an additional 3,787 shares during the period. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Insider Transactions at Hillenbrand

In related news, CEO Kimberly K. Ryan purchased 5,600 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were purchased at an average cost of $44.94 per share, with a total value of $251,664.00. Following the transaction, the chief executive officer now directly owns 133,604 shares in the company, valued at approximately $6,004,163.76. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, VP Nicholas R. Farrell sold 8,542 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $47.02, for a total value of $401,644.84. Following the transaction, the vice president now directly owns 41,951 shares of the company’s stock, valued at approximately $1,972,536.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kimberly K. Ryan acquired 5,600 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average cost of $44.94 per share, for a total transaction of $251,664.00. Following the completion of the transaction, the chief executive officer now directly owns 133,604 shares in the company, valued at approximately $6,004,163.76. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

Hillenbrand Stock Down 13.1 %

HI stock opened at $41.48 on Thursday. Hillenbrand, Inc. has a fifty-two week low of $37.19 and a fifty-two week high of $53.76. The business’s 50 day moving average price is $48.10 and its two-hundred day moving average price is $44.78. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.79 and a current ratio of 1.28. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 5.37 and a beta of 1.49.

Hillenbrand (NYSE:HI) last posted its earnings results on Tuesday, April 30th. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. Hillenbrand had a return on equity of 14.65% and a net margin of 18.39%. The firm had revenue of $785.30 million for the quarter, compared to the consensus estimate of $801.55 million. During the same quarter in the prior year, the business earned $0.74 EPS. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, analysts forecast that Hillenbrand, Inc. will post 3.72 earnings per share for the current fiscal year.

Hillenbrand Cuts Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.14%. Hillenbrand’s dividend payout ratio is currently 11.53%.

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.