Hillenbrand (NYSE:HI) Shares Gap Down to $47.72

Shares of Hillenbrand, Inc. (NYSE:HI) gapped down before the market opened on Wednesday . The stock had previously closed at $47.72, but opened at $43.92. Hillenbrand shares last traded at $42.48, with a volume of 85,803 shares trading hands.

Hillenbrand Price Performance

The business’s 50 day moving average is $48.19 and its two-hundred day moving average is $44.80. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.79 and a current ratio of 1.28. The firm has a market capitalization of $2.86 billion, a PE ratio of 5.36 and a beta of 1.49.

Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.75 by $0.01. The firm had revenue of $785.30 million during the quarter, compared to the consensus estimate of $801.55 million. Hillenbrand had a net margin of 18.39% and a return on equity of 14.65%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the firm earned $0.74 EPS. Equities research analysts anticipate that Hillenbrand, Inc. will post 3.72 earnings per share for the current fiscal year.

Hillenbrand Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.222 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 2.18%. Hillenbrand’s dividend payout ratio is presently 11.53%.

Insider Activity at Hillenbrand

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in Hillenbrand in the 3rd quarter valued at approximately $888,000. Raymond James & Associates lifted its holdings in shares of Hillenbrand by 21.0% during the third 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. Raymond James Financial Services Advisors Inc. increased its holdings in Hillenbrand by 3.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 9,124 shares of the company’s stock worth $386,000 after buying an additional 265 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Hillenbrand by 9.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,595 shares of the company’s stock worth $575,000 after buying an additional 1,222 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in Hillenbrand by 19.0% during the 3rd quarter. Inspire Investing LLC now owns 7,238 shares of the company’s stock valued at $306,000 after acquiring an additional 1,158 shares during the period. Hedge funds and other institutional investors own 89.09% of the company’s stock.

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.