Mirador Capital Partners LP Purchases 1,315 Shares of Hillenbrand, Inc. (NYSE:HI)

Mirador Capital Partners LP raised its position in Hillenbrand, Inc. (NYSE:HI) by 8.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,633 shares of the company’s stock after buying an additional 1,315 shares during the period. Mirador Capital Partners LP’s holdings in Hillenbrand were worth $836,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GoalVest Advisory LLC purchased a new stake in shares of Hillenbrand during the 4th quarter worth approximately $37,000. Transcendent Capital Group LLC purchased a new stake in shares of Hillenbrand during the 4th quarter worth approximately $63,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Hillenbrand during the 4th quarter worth approximately $203,000. Xponance Inc. purchased a new stake in shares of Hillenbrand during the 4th quarter worth approximately $204,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Hillenbrand during the 4th quarter worth approximately $217,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Insider Transactions at Hillenbrand

In related news, CFO Robert M. Vanhimbergen acquired 2,400 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $42.58 per share, with a total value of $102,192.00. Following the acquisition, the chief financial officer now owns 48,794 shares of the company’s stock, valued at approximately $2,077,648.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Hillenbrand news, VP Leo Kulmaczewski bought 900 shares of the firm’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 transaction, the vice president now directly owns 1,886 shares in the company, valued at $79,400.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert M. Vanhimbergen bought 2,400 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average price of $42.58 per share, for a total transaction of $102,192.00. Following the transaction, the chief financial officer now owns 48,794 shares in the company, valued at $2,077,648.52. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 6,537 shares of company stock valued at $278,193. Insiders own 1.80% of the company’s stock.

Hillenbrand Stock Performance

Shares of HI stock traded down $0.12 during trading hours on Monday, hitting $39.90. 16,039 shares of the company were exchanged, compared to its average volume of 322,618. The firm has a fifty day simple moving average of $44.16 and a 200 day simple moving average of $46.04. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 33.07 and a beta of 1.44. Hillenbrand, Inc. has a 52-week low of $37.19 and a 52-week high of $53.67. 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 (NYSE:HI) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.76 EPS for the quarter, beating 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 the consensus estimate of $801.55 million. During the same period last year, the firm earned $0.74 EPS. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. Research analysts predict that Hillenbrand, Inc. will post 3.37 earnings per share for the current fiscal year.

Hillenbrand Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.222 dividend. This represents a $0.89 annualized dividend and a yield of 2.23%. The ex-dividend date was Friday, June 14th. Hillenbrand’s payout ratio is 73.55%.

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.