Hillenbrand (NYSE:HI) Trading 5.1% Higher

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

Analysts Set New Price Targets

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

Hillenbrand Stock Performance

The company has a debt-to-equity ratio of 1.24, a current ratio of 1.34 and a quick ratio of 0.86. The firm has a market capitalization of $2.83 billion, a PE ratio of 32.99 and a beta of 1.44. The company’s fifty day simple moving average is $42.73 and its 200 day simple moving average is $45.70.

Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.76 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $801.55 million. During the same period in the prior year, the company posted $0.74 EPS. Hillenbrand’s revenue was up 13.7% compared to the same quarter last year. As a group, equities research analysts expect that Hillenbrand, Inc. will post 3.37 EPS for the current fiscal year.

Hillenbrand Announces Dividend

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

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC raised its stake in Hillenbrand by 2.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 11,530 shares of the company’s stock worth $580,000 after buying an additional 259 shares in the last quarter. GAMMA Investing LLC lifted its position in Hillenbrand by 58.2% during the 2nd quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock valued at $28,000 after acquiring an additional 262 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Hillenbrand by 5.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 9,627 shares of the company’s stock worth $461,000 after acquiring an additional 503 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Hillenbrand by 1.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,428 shares of the company’s stock worth $1,504,000 after purchasing an additional 514 shares during the period. Finally, Thompson Investment Management Inc. lifted its holdings in shares of Hillenbrand by 5.0% during the first quarter. Thompson Investment Management Inc. now owns 11,090 shares of the company’s stock valued at $558,000 after purchasing an additional 525 shares during the last quarter. Hedge funds and other institutional investors own 89.09% of the company’s stock.

About Hillenbrand

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.