Zurcher Kantonalbank Zurich Cantonalbank Grows Holdings in Hillenbrand, Inc. (NYSE:HI)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Hillenbrand, Inc. (NYSE:HI) by 20.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,311 shares of the company’s stock after purchasing an additional 2,716 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hillenbrand were worth $780,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Mackenzie Financial Corp bought a new position in Hillenbrand in the fourth quarter worth approximately $217,000. Louisiana State Employees Retirement System purchased a new position in shares of Hillenbrand during the fourth quarter valued at $1,675,000. Sapient Capital LLC purchased a new position in shares of Hillenbrand during the fourth quarter valued at $1,041,000. Cerity Partners LLC purchased a new stake in Hillenbrand in the fourth quarter worth about $756,000. Finally, Financial Counselors Inc. lifted its stake in Hillenbrand by 4.4% in the fourth quarter. Financial Counselors Inc. now owns 217,500 shares of the company’s stock worth $10,407,000 after acquiring an additional 9,230 shares during the period. 89.09% of the stock is currently owned by institutional investors.

Insider Activity at Hillenbrand

In other news, CEO Kimberly K. Ryan purchased 5,600 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was 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 purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, VP Nicholas R. Farrell sold 8,542 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $47.02, for a total transaction of $401,644.84. Following the transaction, the vice president now directly owns 41,951 shares in the company, valued at approximately $1,972,536.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Kimberly K. Ryan purchased 5,600 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $44.94 per share, with a total value of $251,664.00. Following the completion of the purchase, the chief executive officer now owns 133,604 shares of the company’s stock, valued at approximately $6,004,163.76. The disclosure for this purchase can be found here. 1.80% of the stock is owned by corporate insiders.

Hillenbrand Trading Up 0.1 %

NYSE HI opened at $49.48 on Tuesday. Hillenbrand, Inc. has a one year low of $37.19 and a one year high of $53.76. 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 company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 6.41 and a beta of 1.49. The company’s 50-day simple moving average is $48.16 and its two-hundred day simple moving average is $44.75.

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

Hillenbrand Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.222 per share. This represents a $0.89 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, March 14th. Hillenbrand’s payout ratio is currently 11.53%.

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.