GW&K Investment Management LLC Acquires 35,312 Shares of Hillenbrand, Inc. (NYSE:HI)

GW&K Investment Management LLC raised its position in shares of Hillenbrand, Inc. (NYSE:HI) by 18.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 224,139 shares of the company’s stock after acquiring an additional 35,312 shares during the period. GW&K Investment Management LLC’s holdings in Hillenbrand were worth $10,725,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings 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 worth $138,058,000 after acquiring an additional 283,608 shares during the period. Kingsview Wealth Management LLC acquired a new stake in shares of Hillenbrand in the fourth quarter valued at approximately $1,723,000. Charles Schwab Investment Management Inc. raised its position in shares of Hillenbrand by 3.6% in 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 in the last quarter. Cerity Partners LLC acquired a new stake in shares of Hillenbrand in the fourth quarter valued at approximately $756,000. Finally, Mcmorgan & Co. LLC raised its position in shares of Hillenbrand by 21.5% in the third quarter. Mcmorgan & Co. LLC now owns 60,701 shares of the company’s stock valued at $2,568,000 after buying an additional 10,735 shares in the last quarter. Institutional investors own 89.09% of the company’s stock.

Hillenbrand Stock Down 0.9 %

NYSE HI opened at $44.36 on Thursday. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.24. Hillenbrand, Inc. has a 1-year low of $37.19 and a 1-year high of $53.76. The company has a 50 day moving average of $47.16 and a 200-day moving average of $45.37. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 36.66 and a beta of 1.49.

Hillenbrand (NYSE:HI) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. Hillenbrand had a net margin of 2.79% and a return on equity of 14.75%. The company had revenue of $785.30 million during the quarter, compared to the consensus estimate of $801.55 million. During the same period in the previous year, the business earned $0.74 earnings per share. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. On average, equities research analysts expect that Hillenbrand, Inc. will post 3.37 earnings per share for the current fiscal year.

Hillenbrand Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.222 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 2.00%. Hillenbrand’s payout ratio is 73.55%.

Insider Buying and Selling at Hillenbrand

In other news, CEO Kimberly K. Ryan acquired 2,350 shares of the stock in a transaction on Friday, May 3rd. The stock was acquired at an average cost of $42.69 per share, for a total transaction of $100,321.50. Following the completion of the transaction, the chief executive officer now directly owns 135,954 shares in the company, valued at $5,803,876.26. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Kimberly K. Ryan acquired 2,350 shares of the stock in a transaction on Friday, May 3rd. The stock was acquired at an average cost of $42.69 per share, for a total transaction of $100,321.50. Following the completion of the transaction, the chief executive officer now directly owns 135,954 shares in the company, valued at $5,803,876.26. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Leo Kulmaczewski acquired 900 shares of the stock in a transaction on Friday, May 3rd. The shares were purchased at an average price of $42.10 per share, with a total value of $37,890.00. Following the completion of the transaction, 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. Insiders bought a total of 6,537 shares of company stock worth $278,193 over the last three months. Corporate insiders own 1.80% 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.