Victory Capital Management Inc. Increases Stock Holdings in Hillenbrand, Inc. (NYSE:HI)

Victory Capital Management Inc. increased its position in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,885,216 shares of the company's stock after acquiring an additional 283,608 shares during the quarter. Victory Capital Management Inc. owned about 4.11% of Hillenbrand worth $138,058,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Hillenbrand by 8.2% in the third quarter. Vanguard Group Inc. now owns 8,278,168 shares of the company's stock valued at $350,249,000 after purchasing an additional 623,919 shares in the last quarter. Raymond James & Associates increased its holdings in Hillenbrand by 21.0% during the third 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. FMR LLC raised its position in Hillenbrand by 1.1% during the third quarter. FMR LLC now owns 4,754,412 shares of the company's stock worth $201,159,000 after acquiring an additional 50,091 shares in the last quarter. Rice Hall James & Associates LLC acquired a new stake in Hillenbrand in the third quarter valued at $2,035,000. Finally, Foundry Partners LLC lifted its stake in Hillenbrand by 38.4% in the third quarter. Foundry Partners LLC now owns 160,814 shares of the company's stock valued at $6,804,000 after acquiring an additional 44,589 shares during the last quarter. 89.09% of the stock is owned by institutional investors.

Hillenbrand Stock Performance

Shares of Hillenbrand stock traded up $0.46 during trading on Thursday, hitting $41.89. 581,924 shares of the stock were exchanged, compared to its average volume of 297,737. 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 company has a fifty day moving average price of $48.10 and a 200-day moving average price of $44.78. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 34.28 and a beta of 1.49. Hillenbrand, Inc. has a 1-year low of $37.19 and a 1-year high of $53.76.

Hillenbrand (NYSE:HI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.01. The business had revenue of $785.30 million during the quarter, compared to analysts' expectations of $801.55 million. Hillenbrand had a return on equity of 14.73% and a net margin of 2.79%. Hillenbrand's quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the company posted $0.74 earnings per share. As a group, equities analysts predict that Hillenbrand, Inc. will post 3.72 EPS for the current fiscal year.

Hillenbrand Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors 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 2.12%. The ex-dividend date of this dividend was Thursday, March 14th. Hillenbrand's dividend payout ratio (DPR) is presently 73.55%.

Insider Activity at Hillenbrand

In related news, CFO Robert M. Vanhimbergen bought 11,319 shares of the business's stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $45.23 per share, for a total transaction of $511,958.37. Following the purchase, the chief financial officer now owns 34,559 shares in the company, valued at approximately $1,563,103.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 shares were bought at an average price 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Nicholas R. Farrell sold 8,542 shares of Hillenbrand stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $47.02, for a total value of $401,644.84. Following the sale, the vice president now directly owns 41,951 shares of the company's stock, valued at $1,972,536.02. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

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.