Cerity Partners LLC Purchases Shares of 15,801 Hillenbrand, Inc. (NYSE:HI)

Cerity Partners LLC purchased a new position in Hillenbrand, Inc. (NYSE:HI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 15,801 shares of the company's stock, valued at approximately $756,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Hillenbrand by 8.2% during the third quarter. Vanguard Group Inc. now owns 8,278,168 shares of the company's stock valued at $350,249,000 after buying an additional 623,919 shares during the period. FMR LLC boosted its position in shares of Hillenbrand by 1.1% during the third quarter. FMR LLC now owns 4,754,412 shares of the company's stock valued at $201,159,000 after buying an additional 50,091 shares during the period. Victory Capital Management Inc. boosted its position in shares of Hillenbrand by 19.6% during the third quarter. Victory Capital Management Inc. now owns 2,601,608 shares of the company's stock valued at $110,074,000 after buying an additional 426,077 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Hillenbrand by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 829,268 shares of the company's stock valued at $35,086,000 after buying an additional 28,886 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Hillenbrand by 0.5% during the third quarter. Northern Trust Corp now owns 764,572 shares of the company's stock valued at $32,349,000 after buying an additional 3,787 shares during the period. Hedge funds and other institutional investors own 89.09% of the company's stock.

Hillenbrand Trading Down 0.5 %

Shares of Hillenbrand stock traded down $0.23 on Wednesday, hitting $48.95. 207,797 shares of the company traded hands, compared to its average volume of 287,547. The stock's 50 day moving average price is $48.04 and its 200-day moving average price is $44.53. The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 1.18. Hillenbrand, Inc. has a 52 week low of $37.19 and a 52 week high of $53.76. The company has a market cap of $3.43 billion, a PE ratio of 6.34 and a beta of 1.49.

Hillenbrand (NYSE:HI - Get Free Report) last posted 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 net margin of 18.39% and a return on equity of 14.65%. The firm had revenue of $773.30 million during the quarter, compared to the consensus estimate of $776.40 million. Equities research analysts predict that Hillenbrand, Inc. will post 3.72 EPS for the current year.

Hillenbrand Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.222 per share. This represents a $0.89 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Thursday, March 14th. Hillenbrand's dividend payout ratio is presently 11.53%.

Insider Activity

In other Hillenbrand news, CFO Robert M. Vanhimbergen acquired 11,319 shares of Hillenbrand stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average price of $45.23 per share, with a total value of $511,958.37. Following the completion of the purchase, the chief financial officer now directly owns 34,559 shares of the company's stock, valued at approximately $1,563,103.57. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Hillenbrand news, CFO Robert M. Vanhimbergen acquired 11,319 shares of Hillenbrand stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average price of $45.23 per share, with a total value of $511,958.37. Following the completion of the purchase, the chief financial officer now directly owns 34,559 shares of the company's stock, valued at approximately $1,563,103.57. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kimberly K. Ryan acquired 5,600 shares of Hillenbrand stock in a transaction that occurred 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 purchase, the chief executive officer now directly owns 133,604 shares of the company's stock, valued at $6,004,163.76. The disclosure for this purchase can be found here. Insiders own 1.80% of the company's stock.

About Hillenbrand

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.