15,006 Shares in Hillenbrand, Inc. (NYSE:HI) Bought by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd purchased a new position in shares of Hillenbrand, Inc. (NYSE:HI) during the 1st quarter, Holdings Channel reports. The fund purchased 15,006 shares of the company’s stock, valued at approximately $755,000.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in Hillenbrand during the fourth quarter worth about $40,130,000. Vanguard Group Inc. raised its stake in shares of Hillenbrand by 8.2% during the 3rd quarter. Vanguard Group Inc. now owns 8,278,168 shares of the company’s stock worth $350,249,000 after purchasing an additional 623,919 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Hillenbrand by 10.9% in the 4th quarter. Victory Capital Management Inc. now owns 2,885,216 shares of the company’s stock valued at $138,058,000 after buying an additional 283,608 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Hillenbrand by 7.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,747,176 shares of the company’s stock valued at $83,605,000 after buying an additional 120,782 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in Hillenbrand by 10.4% during the fourth quarter. Raymond James & Associates now owns 468,815 shares of the company’s stock worth $22,433,000 after buying an additional 44,053 shares during the last quarter. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Hillenbrand Stock Performance

Shares of HI stock traded up $0.51 during trading on Thursday, reaching $43.02. 40,913 shares of the company’s stock were exchanged, compared to its average volume of 337,043. The firm’s fifty day moving average price is $42.61 and its 200-day moving average price is $45.41. Hillenbrand, Inc. has a twelve month low of $37.19 and a twelve month high of $52.23. The stock has a market capitalization of $3.02 billion, a PE ratio of 35.09 and a beta of 1.44. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.24.

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 the consensus estimate of $0.75 by $0.01. The company had revenue of $785.30 million for the quarter, compared to analyst estimates of $801.55 million. Hillenbrand had a net margin of 2.79% and a return on equity of 14.75%. The company’s revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 earnings per share. As a group, sell-side analysts anticipate that Hillenbrand, Inc. will post 3.36 EPS for the current year.

Hillenbrand Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.222 dividend. This represents a $0.89 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Friday, June 14th. Hillenbrand’s payout ratio is 73.55%.

Insider Transactions at Hillenbrand

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

Wall Street Analyst Weigh In

Separately, KeyCorp assumed coverage on shares of Hillenbrand in a research report on Wednesday, July 10th. They issued an “overweight” rating and a $50.00 price objective for the company.

Hillenbrand 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.