Other institutional investors and hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its position in shares of Hillenbrand by 31.7% during the 1st quarter. Russell Investments Group Ltd. now owns 205,384 shares of the company’s stock valued at $9,070,000 after purchasing an additional 49,423 shares in the last quarter. Ziegler Capital Management LLC boosted its position in shares of Hillenbrand by 40.5% during the 1st quarter. Ziegler Capital Management LLC now owns 27,725 shares of the company’s stock valued at $1,225,000 after purchasing an additional 7,992 shares in the last quarter. Versor Investments LP bought a new stake in shares of Hillenbrand during the 1st quarter valued at about $997,000. Measured Wealth Private Client Group LLC boosted its position in shares of Hillenbrand by 7.1% during the 1st quarter. Measured Wealth Private Client Group LLC now owns 6,450 shares of the company’s stock valued at $285,000 after purchasing an additional 428 shares in the last quarter. Finally, Seizert Capital Partners LLC boosted its position in shares of Hillenbrand by 119.3% during the 1st quarter. Seizert Capital Partners LLC now owns 87,493 shares of the company’s stock valued at $3,865,000 after purchasing an additional 47,601 shares in the last quarter. Institutional investors and hedge funds own 85.91% of the company’s stock.
In related news, CFO Robert M. Vanhimbergen bought 6,000 shares of the company’s stock in a transaction dated Monday, June 6th. The shares were bought at an average price of $44.00 per share, for a total transaction of $264,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 6,000 shares of the company’s stock, valued at $264,000. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.08% of the company’s stock.
Hillenbrand Stock Down 1.1%
Shares of NYSE:HI opened at $45.45 on Friday. The business’s 50 day simple moving average is $41.85 and its two-hundred day simple moving average is $43.53. The firm has a market cap of $3.26 billion, a P/E ratio of 16.06, a PEG ratio of 0.99 and a beta of 1.37. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.96 and a current ratio of 1.41. Hillenbrand, Inc. has a 52-week low of $37.84 and a 52-week high of $54.15.
Hillenbrand (NYSE:HI – Get Rating) last announced its quarterly earnings results on Monday, May 9th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.02. The business had revenue of $742.00 million for the quarter, compared to analyst estimates of $728.05 million. Hillenbrand had a return on equity of 22.65% and a net margin of 7.03%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.98 earnings per share. As a group, research analysts forecast that Hillenbrand, Inc. will post 3.9 EPS for the current fiscal year.
Hillenbrand Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Thursday, June 16th were issued a $0.2175 dividend. The ex-dividend date of this dividend was Wednesday, June 15th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.91%. Hillenbrand’s dividend payout ratio is currently 30.74%.
Analyst Upgrades and Downgrades
Several brokerages recently commented on HI. StockNews.com upgraded Hillenbrand from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 12th. DA Davidson reiterated a “buy” rating on shares of Hillenbrand in a report on Wednesday, May 11th.
Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems including compounding, extrusion, and material handling equipment, as well as equipment system design; and screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industries.
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