Ritholtz Wealth Management boosted its stake in Hillenbrand, Inc. (NYSE:HI – Get Rating) by 24.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,299 shares of the company's stock after buying an additional 2,969 shares during the period. Ritholtz Wealth Management's holdings in Hillenbrand were worth $627,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Nordea Investment Management AB boosted its holdings in shares of Hillenbrand by 2.2% in the first quarter. Nordea Investment Management AB now owns 165,336 shares of the company's stock valued at $7,463,000 after acquiring an additional 3,559 shares in the last quarter. Royce & Associates LP lifted its position in Hillenbrand by 717.8% in the first quarter. Royce & Associates LP now owns 228,929 shares of the company's stock worth $10,112,000 after purchasing an additional 200,936 shares during the period. Geode Capital Management LLC boosted its stake in Hillenbrand by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 1,216,471 shares of the company's stock valued at $63,244,000 after purchasing an additional 44,768 shares in the last quarter. Capital Impact Advisors LLC acquired a new position in shares of Hillenbrand during the 4th quarter valued at $368,000. Finally, Comerica Bank raised its stake in shares of Hillenbrand by 1.6% in the 1st quarter. Comerica Bank now owns 62,726 shares of the company's stock worth $2,684,000 after buying an additional 985 shares in the last quarter. Institutional investors and hedge funds own 88.74% of the company's stock.
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Insider Activity
In related news, CAO Megan A. Walke sold 641 shares of Hillenbrand stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $47.88, for a total value of $30,691.08. Following the transaction, the chief accounting officer now directly owns 3,243 shares in the company, valued at approximately $155,274.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.08% of the company's stock.
Hillenbrand Trading Down 2.3 %
Shares of HI stock opened at $37.74 on Friday. The stock has a 50-day simple moving average of $43.02 and a 200 day simple moving average of $42.46. The stock has a market capitalization of $2.62 billion, a P/E ratio of 13.34, a P/E/G ratio of 0.81 and a beta of 1.38. Hillenbrand, Inc. has a fifty-two week low of $36.21 and a fifty-two week high of $54.15. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 1.06.
Hillenbrand (NYSE:HI – Get Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.06. Hillenbrand had a net margin of 7.03% and a return on equity of 23.13%. The company had revenue of $720.60 million during the quarter, compared to analyst estimates of $712.00 million. On average, sell-side analysts expect that Hillenbrand, Inc. will post 3.9 earnings per share for the current fiscal year.
Hillenbrand Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a $0.218 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $0.87 annualized dividend and a dividend yield of 2.31%. This is a boost from Hillenbrand's previous quarterly dividend of $0.22. Hillenbrand's dividend payout ratio is currently 30.74%.
Hillenbrand Company Profile
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Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. It operates in three segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville. 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, as well as offers equipment system design services; 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.
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