Hillenbrand Inc (HI) Director David Fennell Acquires 300,000 Shares
Hillenbrand Inc (NYSE:HI) Director David Fennell bought 300,000 shares of the business’s stock in a transaction dated Monday, June 19th. The stock was purchased at an average price of $0.10 per share, with a total value of $30,000.00.
David Fennell also recently made the following trade(s):
- On Friday, June 16th, David Fennell acquired 10,000 shares of Hillenbrand stock. The stock was bought at an average price of $0.10 per share, with a total value of $1,000.00.
Hillenbrand Inc (NYSE HI) traded down 0.54% during mid-day trading on Tuesday, reaching $36.90. 6,104 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $36.79 and a 200-day moving average of $36.80. Hillenbrand Inc has a 12 month low of $27.89 and a 12 month high of $39.00. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 19.33 and a beta of 1.21.
Hillenbrand (NYSE:HI) last released its quarterly earnings results on Wednesday, May 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.05. Hillenbrand had a net margin of 7.85% and a return on equity of 20.27%. The firm had revenue of $395.30 million during the quarter, compared to the consensus estimate of $389.43 million. During the same quarter last year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts anticipate that Hillenbrand Inc will post $2.05 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Wednesday, June 14th. Hillenbrand’s dividend payout ratio (DPR) is presently 43.16%.
Large investors have recently bought and sold shares of the company. Janus Capital Management LLC boosted its stake in Hillenbrand by 153.9% in the first quarter. Janus Capital Management LLC now owns 2,052,612 shares of the company’s stock valued at $73,586,000 after buying an additional 1,244,197 shares during the period. Jane Street Group LLC purchased a new stake in Hillenbrand during the first quarter valued at $253,000. Highbridge Capital Management LLC purchased a new stake in Hillenbrand during the first quarter valued at $317,000. State Street Corp boosted its stake in Hillenbrand by 5.9% in the first quarter. State Street Corp now owns 1,451,269 shares of the company’s stock valued at $52,022,000 after buying an additional 80,769 shares during the period. Finally, Bank of America Corp DE boosted its stake in Hillenbrand by 58.9% in the first quarter. Bank of America Corp DE now owns 151,222 shares of the company’s stock valued at $5,422,000 after buying an additional 56,083 shares during the period. Institutional investors own 79.47% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Hillenbrand from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Tuesday, May 16th.
Hillenbrand Company Profile
Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
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