15,801 Shares in Hillenbrand, Inc. (NYSE:HI) Acquired by Cerity Partners LLC

Cerity Partners LLC acquired a new stake in Hillenbrand, Inc. (NYSE:HI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 15,801 shares of the company’s stock, valued at approximately $756,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in Hillenbrand by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 829,268 shares of the company’s stock valued at $35,086,000 after acquiring an additional 28,886 shares during the last quarter. Mcmorgan & Co. LLC increased its stake in shares of Hillenbrand by 21.5% during the 3rd quarter. Mcmorgan & Co. LLC now owns 60,701 shares of the company’s stock worth $2,568,000 after purchasing an additional 10,735 shares in the last quarter. Vanguard Group Inc. raised its position 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 during the last quarter. New York State Common Retirement Fund lifted its stake in Hillenbrand by 10.3% in the 3rd quarter. New York State Common Retirement Fund now owns 466,121 shares of the company’s stock valued at $19,722,000 after buying an additional 43,372 shares in the last quarter. Finally, Rice Hall James & Associates LLC acquired a new stake in Hillenbrand during the 3rd quarter valued at $2,035,000. 89.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hillenbrand

In related news, CFO Robert M. Vanhimbergen bought 11,319 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $45.23 per share, with a total value of $511,958.37. Following the completion of the transaction, the chief financial officer now owns 34,559 shares of the company’s stock, valued at $1,563,103.57. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Hillenbrand news, CFO Robert M. Vanhimbergen bought 11,319 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average price of $45.23 per share, with a total value of $511,958.37. Following the transaction, the chief financial officer now owns 34,559 shares in the company, valued at $1,563,103.57. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Kimberly K. Ryan purchased 5,600 shares of the firm’s 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 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 Performance

NYSE HI opened at $49.18 on Wednesday. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 6.37 and a beta of 1.49. The business has a fifty day moving average of $48.04 and a 200-day moving average of $44.53. Hillenbrand, Inc. has a fifty-two week low of $37.19 and a fifty-two week high of $53.76. The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 1.18.

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

Hillenbrand Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.222 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Thursday, March 14th. Hillenbrand’s payout ratio is 11.53%.

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.