GW&K Investment Management LLC Boosts Holdings in Hillenbrand, Inc. (NYSE:HI)

GW&K Investment Management LLC increased its holdings in Hillenbrand, Inc. (NYSE:HI - Free Report) by 18.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 224,139 shares of the company's stock after purchasing an additional 35,312 shares during the period. GW&K Investment Management LLC owned approximately 0.32% of Hillenbrand worth $10,725,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Victory Capital Management Inc. raised its position in shares of Hillenbrand by 10.9% during the fourth quarter. Victory Capital Management Inc. now owns 2,885,216 shares of the company's stock valued at $138,058,000 after buying an additional 283,608 shares during the last quarter. Kingsview Wealth Management LLC acquired a new position in Hillenbrand in the fourth quarter worth about $1,723,000. Charles Schwab Investment Management Inc. raised its position in Hillenbrand by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 829,268 shares of the company's stock worth $35,086,000 after purchasing an additional 28,886 shares in the last quarter. Cerity Partners LLC acquired a new position in Hillenbrand in the fourth quarter worth about $756,000. Finally, Mcmorgan & Co. LLC raised its position in Hillenbrand by 21.5% in the third 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. 89.09% of the stock is currently owned by institutional investors.

Hillenbrand Price Performance

NYSE:HI traded down $0.59 during mid-day trading on Thursday, hitting $43.84. The company's stock had a trading volume of 283,645 shares, compared to its average volume of 298,378. Hillenbrand, Inc. has a fifty-two week low of $37.19 and a fifty-two week high of $53.76. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 36.22 and a beta of 1.49. The stock has a fifty day moving average of $47.08 and a 200-day moving average of $45.36.

Hillenbrand (NYSE:HI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.01. Hillenbrand had a net margin of 2.79% and a return on equity of 14.75%. The firm had revenue of $785.30 million during the quarter, compared to analyst estimates of $801.55 million. During the same quarter in the prior year, the business posted $0.74 earnings per share. The company's quarterly revenue was up 13.7% compared to the same quarter last year. As a group, equities analysts forecast that Hillenbrand, Inc. will post 3.37 EPS for the current fiscal year.

Hillenbrand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.222 per share. This represents a $0.89 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Friday, June 14th. Hillenbrand's payout ratio is 73.55%.

Insider Transactions at Hillenbrand

In other Hillenbrand news, VP Nicholas R. Farrell sold 8,542 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $47.02, for a total value of $401,644.84. Following the transaction, the vice president now directly owns 41,951 shares of the company's stock, valued at $1,972,536.02. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, VP Nicholas R. Farrell sold 8,542 shares of the firm's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $47.02, for a total transaction of $401,644.84. Following the sale, the vice president now directly owns 41,951 shares in the company, valued at $1,972,536.02. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Leo Kulmaczewski acquired 900 shares of the company's stock in a transaction that occurred on Friday, May 3rd. The shares were bought at an average price of $42.10 per share, for a total transaction of $37,890.00. Following the completion of the acquisition, the vice president now owns 1,886 shares of the company's stock, valued at $79,400.60. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 6,537 shares of company stock valued at $278,193. Corporate 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.