Hillenbrand, Inc. (NYSE:HI) Insider Joe Anthony Raver Sells 33,931 Shares

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.

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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.

Insider Buying and Selling by Quarter for Hillenbrand (NYSE:HI)

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