Hillenbrand (NYSE:HI) Shares Gap Down to $47.72

Hillenbrand, Inc. (NYSE:HI - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $47.72, but opened at $43.92. Hillenbrand shares last traded at $42.48, with a volume of 85,803 shares.

Hillenbrand Price Performance

The business has a fifty day moving average price of $48.19 and a 200-day moving average price of $44.80. The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $2.91 billion, a PE ratio of 5.36 and a beta of 1.49.

Hillenbrand (NYSE:HI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.01. Hillenbrand had a return on equity of 14.65% and a net margin of 18.39%. The firm had revenue of $785.30 million during the quarter, compared to analysts' expectations of $801.55 million. During the same period in the prior year, the business earned $0.74 EPS. The company's revenue for the quarter was up 13.7% compared to the same quarter last year. Research analysts expect that Hillenbrand, Inc. will post 3.72 EPS for the current fiscal year.

Hillenbrand Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.222 per share. This represents a $0.89 annualized dividend and a yield of 2.14%. The ex-dividend date was Thursday, March 14th. Hillenbrand's dividend payout ratio is presently 11.53%.

Insider Activity at Hillenbrand

In other Hillenbrand news, CFO Robert M. Vanhimbergen acquired 11,319 shares of the company's stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $45.23 per share, for a total transaction of $511,958.37. Following the acquisition, the chief financial officer now owns 34,559 shares in the company, valued at approximately $1,563,103.57. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Robert M. Vanhimbergen bought 11,319 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $1,563,103.57. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Kimberly K. Ryan bought 5,600 shares of the firm's stock in a transaction dated Friday, February 9th. The stock was purchased at an average cost of $44.94 per share, with a total value of $251,664.00. Following the transaction, the chief executive officer now directly 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 currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in Hillenbrand during the 3rd quarter valued at $888,000. Raymond James & Associates boosted its stake in shares of Hillenbrand by 21.0% in the 3rd quarter. Raymond James & Associates now owns 424,762 shares of the company's stock worth $17,972,000 after buying an additional 73,759 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Hillenbrand by 3.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 9,124 shares of the company's stock worth $386,000 after buying an additional 265 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Hillenbrand by 9.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,595 shares of the company's stock worth $575,000 after buying an additional 1,222 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in shares of Hillenbrand by 19.0% in the 3rd quarter. Inspire Investing LLC now owns 7,238 shares of the company's stock worth $306,000 after buying an additional 1,158 shares during the last quarter. Institutional investors 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.