Insider Buying: Hillenbrand, Inc. (NYSE:HI) Director Purchases 587 Shares of Stock

Hillenbrand, Inc. (NYSE:HI) Director Jennifer Rumsey purchased 587 shares of Hillenbrand stock in a transaction dated Friday, May 3rd. The stock was acquired at an average price of $42.54 per share, for a total transaction of $24,970.98. Following the completion of the acquisition, the director now owns 587 shares of the company’s stock, valued at approximately $24,970.98. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Hillenbrand Trading Up 2.5 %

Shares of NYSE HI traded up $1.04 during mid-day trading on Monday, reaching $43.48. The company had a trading volume of 431,954 shares, compared to its average volume of 301,309. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 35.07 and a beta of 1.49. Hillenbrand, Inc. has a 52 week low of $37.19 and a 52 week high of $53.76. The business’s 50-day moving average is $47.92 and its 200-day moving average is $44.85. 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 earnings results on Tuesday, April 30th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. Hillenbrand had a net margin of 2.79% and a return on equity of 14.75%. The business had revenue of $785.30 million for the quarter, compared to the consensus estimate of $801.55 million. During the same period in the prior year, the firm earned $0.74 EPS. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. Equities analysts expect that Hillenbrand, Inc. will post 3.57 earnings per share for the current year.

Hillenbrand Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid 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 2.04%. Hillenbrand’s dividend payout ratio is currently 73.55%.

Institutional Trading of Hillenbrand

A number of hedge funds have recently bought and sold shares of HI. GoalVest Advisory LLC bought a new position in shares of Hillenbrand in the 4th quarter worth $37,000. Transcendent Capital Group LLC bought a new position in Hillenbrand in the fourth quarter worth about $63,000. Greenleaf Trust purchased a new stake in shares of Hillenbrand during the first quarter valued at about $200,000. Avantax Planning Partners Inc. bought a new stake in shares of Hillenbrand in the 3rd quarter valued at about $202,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Hillenbrand in the 4th quarter worth approximately $203,000. 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.