Verdence Capital Advisors LLC Buys New Position in Hillenbrand, Inc. (NYSE:HI)

Verdence Capital Advisors LLC bought a new stake in Hillenbrand, Inc. (NYSE:HI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,789 shares of the company’s stock, valued at approximately $325,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position 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 valued at $350,249,000 after purchasing an additional 623,919 shares in the last quarter. Victory Capital Management Inc. boosted its position 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 valued at $110,074,000 after purchasing an additional 426,077 shares in the last quarter. Raymond James & Associates boosted its position in shares of Hillenbrand by 21.0% during the 3rd quarter. Raymond James & Associates now owns 424,762 shares of the company’s stock valued at $17,972,000 after purchasing an additional 73,759 shares in the last quarter. FMR LLC boosted its position in shares of Hillenbrand by 1.1% during the 3rd quarter. FMR LLC now owns 4,754,412 shares of the company’s stock valued at $201,159,000 after purchasing an additional 50,091 shares in the last quarter. Finally, Rice Hall James & Associates LLC bought a new position in shares of Hillenbrand during the 3rd quarter valued at about $2,035,000. Institutional investors own 89.09% of the company’s stock.

Hillenbrand Stock Performance

NYSE:HI opened at $49.18 on Wednesday. Hillenbrand, Inc. has a twelve month low of $37.19 and a twelve month high of $53.76. The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 1.18. The company has a 50-day moving average of $48.04 and a 200-day moving average of $44.53. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 6.37 and a beta of 1.49.

Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Hillenbrand had a net margin of 18.39% and a return on equity of 14.65%. The company had revenue of $773.30 million during the quarter, compared to analyst estimates of $776.40 million. Analysts forecast that Hillenbrand, Inc. will post 3.72 earnings per share for the current fiscal year.

Hillenbrand Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.222 per share. This represents a $0.89 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Thursday, March 14th. Hillenbrand’s dividend payout ratio is presently 11.53%.

Insider Buying and Selling at Hillenbrand

In other news, CFO Robert M. Vanhimbergen acquired 11,319 shares of Hillenbrand stock in a transaction on Friday, February 9th. The stock was bought at an average cost of $45.23 per share, with a total value of $511,958.37. Following the completion of the purchase, the chief financial officer now owns 34,559 shares of the company’s stock, valued at $1,563,103.57. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Nicholas R. Farrell sold 8,542 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $47.02, for a total value of $401,644.84. Following the completion of the sale, the vice president now directly owns 41,951 shares of the company’s stock, valued at $1,972,536.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert M. Vanhimbergen purchased 11,319 shares of Hillenbrand stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $45.23 per share, with a total value of $511,958.37. Following the completion of the transaction, the chief financial officer now directly owns 34,559 shares of the company’s stock, valued at $1,563,103.57. The disclosure for this purchase can be found here. Insiders own 1.80% 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.