DekaBank Deutsche Girozentrale boosted its stake in Hillenbrand, Inc. (NYSE:HI – Get Rating) by 645.5% in the first quarter, Holdings Channel reports. The firm owned 32,800 shares of the company’s stock after purchasing an additional 28,400 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Hillenbrand were worth $1,477,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Financial Designs Inc. ADV bought a new position in Hillenbrand in the fourth quarter valued at about $32,000. National Bank of Canada FI bought a new position in Hillenbrand in the fourth quarter valued at about $44,000. Pinebridge Investments L.P. bought a new stake in shares of Hillenbrand during the fourth quarter worth about $120,000. US Asset Management LLC bought a new stake in shares of Hillenbrand during the first quarter worth about $129,000. Finally, Sigma Planning Corp bought a new stake in shares of Hillenbrand during the fourth quarter worth about $207,000. Institutional investors and hedge funds own 85.91% of the company’s stock.
Insider Activity at Hillenbrand
In related news, CFO Robert M. Vanhimbergen bought 6,000 shares of Hillenbrand stock in a transaction that occurred on Monday, June 6th. The shares were acquired at an average cost 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 approximately $264,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.08% of the stock is currently owned by company insiders.
Hillenbrand Stock Performance
Shares of HI stock opened at $42.74 on Friday. The business’s 50 day simple moving average is $40.99 and its 200 day simple moving average is $44.02. Hillenbrand, Inc. has a one year low of $37.84 and a one year high of $54.15. The stock has a market capitalization of $3.07 billion, a PE ratio of 15.95, a PEG ratio of 0.87 and a beta of 1.36. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.41 and a quick ratio of 0.96.
Hillenbrand (NYSE:HI – Get Rating) last announced its earnings results on Monday, May 9th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.99 by $0.02. Hillenbrand had a return on equity of 22.51% and a net margin of 6.80%. The business had revenue of $742.00 million for the quarter, compared to analysts’ expectations of $728.05 million. During the same period in the prior year, the business posted $0.98 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. As a group, research analysts forecast that Hillenbrand, Inc. will post 3.9 earnings per share for the current year.
Hillenbrand Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 16th were issued a $0.2175 dividend. This represents a $0.87 annualized dividend and a yield of 2.04%. The ex-dividend date was Wednesday, June 15th. Hillenbrand’s payout ratio is presently 32.46%.
Analyst Ratings Changes
Several research firms have recently weighed in on HI. DA Davidson restated a “buy” rating on shares of Hillenbrand in a report on Wednesday, May 11th. StockNews.com upgraded Hillenbrand from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 12th.
Hillenbrand Profile
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 comprising 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 industrials.
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