Insider Buying: Hillenbrand, Inc. (NYSE:HI) CEO Purchases 2,000 Shares of Stock

Hillenbrand, Inc. (NYSE:HI) CEO Joe Anthony Raver bought 2,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were bought at an average price of $24.41 per share, with a total value of $48,820.00.

Shares of NYSE:HI traded down $0.74 during midday trading on Wednesday, hitting $24.41. The stock had a trading volume of 909,700 shares, compared to its average volume of 723,832. The company’s 50-day moving average price is $29.70 and its 200-day moving average price is $30.51. The company has a market capitalization of $1.99 billion, a P/E ratio of 17.19 and a beta of 1.29. The company has a quick ratio of 0.89, a current ratio of 1.39 and a debt-to-equity ratio of 1.71. Hillenbrand, Inc. has a fifty-two week low of $24.34 and a fifty-two week high of $45.06.

Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.13. The business had revenue of $567.00 million for the quarter, compared to analyst estimates of $423.90 million. Hillenbrand had a net margin of 4.58% and a return on equity of 19.15%. The firm’s revenue for the quarter was up 38.2% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. Research analysts expect that Hillenbrand, Inc. will post 2.4 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a dividend of $0.213 per share. This is an increase from Hillenbrand’s previous quarterly dividend of $0.21. This represents a $0.85 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Monday, March 16th. Hillenbrand’s payout ratio is currently 34.69%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its holdings in shares of Hillenbrand by 753.1% in the third quarter. Quadrant Capital Group LLC now owns 1,220 shares of the company’s stock worth $36,000 after acquiring an additional 1,077 shares during the last quarter. Emerald Advisers LLC acquired a new position in Hillenbrand during the 4th quarter worth approximately $39,000. Emerald Mutual Fund Advisers Trust acquired a new position in Hillenbrand during the 4th quarter worth approximately $51,000. Orion Portfolio Solutions LLC bought a new position in Hillenbrand in the 4th quarter valued at approximately $69,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in Hillenbrand by 466.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,271 shares of the company’s stock valued at $76,000 after purchasing an additional 1,870 shares during the last quarter. Hedge funds and other institutional investors own 81.07% of the company’s stock.

HI has been the topic of several analyst reports. Sidoti reduced their target price on Hillenbrand from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Zacks Investment Research downgraded Hillenbrand from a “hold” rating to a “sell” rating in a research note on Saturday, February 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $46.00.

Hillenbrand Company Profile

Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.

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