Hillenbrand, Inc. (NYSE:HI) insider Joe Anthony Raver sold 33,931 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $47.04, for a total value of $1,596,114.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of HI opened at $45.25 on Friday. The company has a market capitalization of $2,912.04, a PE ratio of 20.81 and a beta of 1.21. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.62. Hillenbrand, Inc. has a 52 week low of $34.65 and a 52 week high of $48.00.
Hillenbrand (NYSE:HI) last issued its earnings results on Wednesday, January 31st. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.49 by $0.05. The company had revenue of $397.20 million during the quarter, compared to analyst estimates of $384.30 million. Hillenbrand had a return on equity of 19.51% and a net margin of 7.52%. The business’s revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 EPS. equities analysts expect that Hillenbrand, Inc. will post 2.36 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were given a $0.2075 dividend. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $0.83 annualized dividend and a dividend yield of 1.83%. Hillenbrand’s payout ratio is 39.34%.
Several institutional investors and hedge funds have recently modified their holdings of HI. Glenmede Trust Co. NA boosted its position in Hillenbrand by 175,287.5% during the 4th quarter. Glenmede Trust Co. NA now owns 701,550 shares of the company’s stock valued at $31,358,000 after purchasing an additional 701,150 shares during the period. Two Sigma Advisers LP boosted its position in Hillenbrand by 606.3% during the 4th quarter. Two Sigma Advisers LP now owns 457,546 shares of the company’s stock valued at $20,452,000 after purchasing an additional 392,761 shares during the period. BlackRock Inc. boosted its position in Hillenbrand by 3.1% during the 4th quarter. BlackRock Inc. now owns 8,303,568 shares of the company’s stock valued at $371,171,000 after purchasing an additional 247,107 shares during the period. Channing Capital Management LLC boosted its position in Hillenbrand by 17.0% during the 4th quarter. Channing Capital Management LLC now owns 1,701,045 shares of the company’s stock valued at $76,037,000 after purchasing an additional 246,866 shares during the period. Finally, Janus Henderson Group PLC boosted its position in Hillenbrand by 10.0% during the 3rd quarter. Janus Henderson Group PLC now owns 2,648,772 shares of the company’s stock valued at $102,905,000 after purchasing an additional 240,920 shares during the period. Institutional investors own 78.13% of the company’s stock.
A number of brokerages have weighed in on HI. ValuEngine upgraded Hillenbrand from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 2nd. B. Riley raised their price objective on Hillenbrand from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, Zacks Investment Research lowered Hillenbrand from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $51.50.
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Hillenbrand Company Profile
Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
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