Hillenbrand, Inc. (NYSE:HI) VP Leo Kulmaczewski Purchases 900 Shares

Hillenbrand, Inc. (NYSE:HI) VP Leo Kulmaczewski acquired 900 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were bought at an average price of $42.10 per share, for a total transaction of $37,890.00. Following the acquisition, the vice president now directly owns 1,886 shares of the company’s stock, valued at approximately $79,400.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Hillenbrand Stock Performance

Shares of Hillenbrand stock opened at $43.46 on Tuesday. The business has a 50-day simple moving average of $47.85 and a 200 day simple moving average of $44.88. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 35.92 and a beta of 1.49. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.34 and a quick ratio of 0.86. Hillenbrand, Inc. has a one year low of $37.19 and a one year high of $53.76.

Hillenbrand (NYSE:HI) last issued its earnings results 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 return on equity of 14.75% and a net margin of 2.79%. The company had revenue of $785.30 million for the quarter, compared to analyst estimates of $801.55 million. During the same period in the prior year, the firm earned $0.74 earnings per share. Hillenbrand’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, research analysts anticipate that Hillenbrand, Inc. will post 3.57 earnings per share for the current fiscal year.

Hillenbrand Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.222 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Thursday, March 14th. Hillenbrand’s dividend payout ratio is currently 73.55%.

Institutional Investors Weigh In On Hillenbrand

Several hedge funds and other institutional investors have recently made changes to their positions in HI. Texas Permanent School Fund Corp increased its holdings in Hillenbrand by 1.7% during the 1st quarter. Texas Permanent School Fund Corp now owns 61,396 shares of the company’s stock worth $3,088,000 after purchasing an additional 999 shares in the last quarter. Financial Counselors Inc. boosted its position in shares of Hillenbrand by 12.2% during the first quarter. Financial Counselors Inc. now owns 244,074 shares of the company’s stock valued at $12,274,000 after buying an additional 26,574 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Hillenbrand by 4.0% during the first quarter. Janney Montgomery Scott LLC now owns 14,049 shares of the company’s stock worth $707,000 after buying an additional 535 shares in the last quarter. BNP Paribas Financial Markets raised its position in Hillenbrand by 16.1% in the 1st quarter. BNP Paribas Financial Markets now owns 63,621 shares of the company’s stock valued at $3,200,000 after buying an additional 8,799 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Hillenbrand by 19.0% during the 1st quarter. Blue Trust Inc. now owns 159,628 shares of the company’s stock worth $8,028,000 after acquiring an additional 25,506 shares during the last quarter. 89.09% of the stock is owned by 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.