Sapient Capital LLC Cuts Stock Position in Hillenbrand, Inc. (NYSE:HI)

Sapient Capital LLC trimmed its position in shares of Hillenbrand, Inc. (NYSE:HI) by 5.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,535 shares of the company’s stock after selling 1,225 shares during the period. Sapient Capital LLC’s holdings in Hillenbrand were worth $1,033,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HI. Norges Bank acquired a new stake in Hillenbrand during the 4th quarter valued at $40,130,000. Vanguard Group Inc. grew its holdings in Hillenbrand by 8.2% during the 3rd quarter. Vanguard Group Inc. now owns 8,278,168 shares of the company’s stock valued at $350,249,000 after purchasing an additional 623,919 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Hillenbrand by 19.6% during the 3rd quarter. Victory Capital Management Inc. now owns 2,601,608 shares of the company’s stock valued at $110,074,000 after purchasing an additional 426,077 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Hillenbrand by 7.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,747,176 shares of the company’s stock valued at $83,605,000 after purchasing an additional 120,782 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in Hillenbrand by 21.0% during the 3rd quarter. Raymond James & Associates now owns 424,762 shares of the company’s stock valued at $17,972,000 after purchasing an additional 73,759 shares in the last quarter. 89.09% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Hillenbrand news, CEO Kimberly K. Ryan purchased 5,600 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $44.94 per share, with a total value of $251,664.00. Following the acquisition, the chief executive officer now owns 133,604 shares of the company’s stock, valued at approximately $6,004,163.76. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other Hillenbrand news, CFO Robert M. Vanhimbergen purchased 11,319 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $45.23 per share, with a total value of $511,958.37. Following the acquisition, the chief financial officer now owns 34,559 shares of the company’s stock, valued at approximately $1,563,103.57. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kimberly K. Ryan purchased 5,600 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $44.94 per share, with a total value of $251,664.00. Following the completion of the acquisition, the chief executive officer now directly owns 133,604 shares in the company, valued at approximately $6,004,163.76. The disclosure for this purchase can be found here. 1.80% of the stock is owned by company insiders.

Hillenbrand Stock Down 3.7 %

HI traded down $1.81 during trading hours on Tuesday, reaching $47.67. 313,838 shares of the stock traded hands, compared to its average volume of 283,813. The firm’s fifty day simple moving average is $48.19 and its two-hundred day simple moving average is $44.80. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 6.17 and a beta of 1.49. Hillenbrand, Inc. has a fifty-two week low of $37.19 and a fifty-two week high of $53.76. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.28 and a quick ratio of 0.79.

Hillenbrand (NYSE:HI) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. The company had revenue of $773.30 million during the quarter, compared to analyst estimates of $776.40 million. Hillenbrand had a net margin of 18.39% and a return on equity of 14.65%. As a group, analysts forecast that Hillenbrand, Inc. will post 3.72 earnings per share for the current fiscal year.

Hillenbrand Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.222 per share. This represents a $0.89 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Thursday, March 14th. Hillenbrand’s dividend payout ratio is currently 11.53%.

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.