Hillenbrand (NYSE:HI) Trading 5.1% Higher

Hillenbrand, Inc. (NYSE:HI)’s stock price traded up 5.1% during mid-day trading on Wednesday . The stock traded as high as $39.92 and last traded at $39.92. 55,431 shares were traded during mid-day trading, a decline of 83% from the average session volume of 321,381 shares. The stock had previously closed at $37.98.

Analyst Upgrades and Downgrades

Separately, KeyCorp started coverage on Hillenbrand in a research report on Wednesday. They issued an “overweight” rating and a $50.00 target price on the stock.

Hillenbrand Trading Up 6.2 %

The company has a 50 day moving average price of $42.73 and a two-hundred day moving average price of $45.70. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 32.99 and a beta of 1.44. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.86 and a current ratio of 1.34.

Hillenbrand (NYSE:HI) last posted its quarterly earnings data 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 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 analysts’ expectations of $801.55 million. During the same period in the prior year, the business posted $0.74 earnings per share. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, research analysts forecast that Hillenbrand, Inc. will post 3.37 EPS for the current year.

Hillenbrand Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.222 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Friday, June 14th. Hillenbrand’s dividend payout ratio is currently 73.55%.

Insider Activity

In other news, CFO Robert M. Vanhimbergen purchased 2,400 shares of Hillenbrand stock in a transaction dated Friday, May 3rd. The shares were purchased at an average price of $42.58 per share, with a total value of $102,192.00. Following the transaction, the chief financial officer now owns 48,794 shares in the company, valued at $2,077,648.52. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, VP Leo Kulmaczewski bought 900 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average price of $42.10 per share, for a total transaction of $37,890.00. Following the acquisition, the vice president now owns 1,886 shares of the company’s stock, valued at $79,400.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert M. Vanhimbergen purchased 2,400 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were purchased at an average price of $42.58 per share, for a total transaction of $102,192.00. Following the completion of the purchase, the chief financial officer now directly owns 48,794 shares of the company’s stock, valued at $2,077,648.52. The disclosure for this purchase can be found here. Insiders bought a total of 6,537 shares of company stock valued at $278,193 in the last 90 days. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Hillenbrand

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Hillenbrand by 8.2% during the third quarter. Vanguard Group Inc. now owns 8,278,168 shares of the company’s stock worth $350,249,000 after purchasing an additional 623,919 shares in the last quarter. GoalVest Advisory LLC purchased a new stake in shares of Hillenbrand during the fourth quarter worth $37,000. Raymond James Trust N.A. boosted its holdings in Hillenbrand by 18.3% in the fourth quarter. Raymond James Trust N.A. now owns 20,678 shares of the company’s stock valued at $989,000 after purchasing an additional 3,196 shares during the period. Twelve Points Wealth Management LLC boosted its stake in shares of Hillenbrand by 11.7% in the 4th quarter. Twelve Points Wealth Management LLC now owns 26,102 shares of the company’s stock valued at $1,249,000 after buying an additional 2,737 shares during the period. Finally, Sweet Financial Partners LLC increased its stake in shares of Hillenbrand by 49.0% during the fourth quarter. Sweet Financial Partners LLC now owns 7,601 shares of the company’s stock worth $364,000 after buying an additional 2,501 shares during the period. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

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.