Hillenbrand (NYSE:HI) Trading Up 5.1%

Hillenbrand, Inc. (NYSE:HI)’s share price shot up 5.1% during trading on Wednesday . The company traded as high as $39.92 and last traded at $39.92. 55,431 shares traded hands during trading, a decline of 83% from the average session volume of 321,381 shares. The stock had previously closed at $37.98.

Analysts Set New Price Targets

Separately, KeyCorp started coverage on Hillenbrand in a research note on Wednesday. They set an “overweight” rating and a $50.00 target price for the company.

Hillenbrand Stock Performance

The company has a debt-to-equity ratio of 1.24, a current ratio of 1.34 and a quick ratio of 0.86. The stock has a 50 day simple moving average of $42.74 and a two-hundred day simple moving average of $45.65. The company has a market cap of $3.01 billion, a PE ratio of 35.50 and a beta of 1.44.

Hillenbrand (NYSE:HI) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. Hillenbrand had a return on equity of 14.75% and a net margin of 2.79%. The company had revenue of $785.30 million during the quarter, compared to analysts’ expectations of $801.55 million. During the same quarter in the previous year, the business earned $0.74 earnings per share. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. Equities analysts predict that Hillenbrand, Inc. will post 3.37 EPS for the current year.

Hillenbrand Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.222 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Friday, June 14th. Hillenbrand’s dividend payout ratio is currently 73.55%.

Insider Buying and Selling at Hillenbrand

In related news, VP Leo Kulmaczewski purchased 900 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was acquired at an average price of $42.10 per share, for a total transaction of $37,890.00. Following the completion of the purchase, the vice president now directly owns 1,886 shares of the company’s stock, valued at $79,400.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other Hillenbrand news, CFO Robert M. Vanhimbergen acquired 2,400 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average price of $42.58 per share, with a total value of $102,192.00. Following the completion of the acquisition, the chief financial officer now directly owns 48,794 shares of the company’s stock, valued at approximately $2,077,648.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Leo Kulmaczewski acquired 900 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average cost of $42.10 per share, for a total transaction of $37,890.00. Following the acquisition, the vice president now directly owns 1,886 shares of the company’s stock, valued at $79,400.60. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 6,537 shares of company stock worth $278,193. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. grew its holdings in Hillenbrand by 10.9% in the fourth quarter. Victory Capital Management Inc. now owns 2,885,216 shares of the company’s stock valued at $138,058,000 after purchasing an additional 283,608 shares during the last quarter. Kingsview Wealth Management LLC acquired a new stake in Hillenbrand in the fourth quarter valued at $1,723,000. Balboa Wealth Partners acquired a new stake in Hillenbrand in the fourth quarter valued at $256,000. Cerity Partners LLC acquired a new stake in Hillenbrand in the fourth quarter valued at $756,000. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in Hillenbrand by 10.4% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 273,990 shares of the company’s stock valued at $13,110,000 after purchasing an additional 25,900 shares during the last quarter. Institutional investors and hedge funds 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.