Short Interest in Hillenbrand, Inc. (NYSE:HI) Increases By 16.7%

Hillenbrand, Inc. (NYSE:HI) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 2,100,000 shares, a growth of 16.7% from the May 31st total of 1,800,000 shares. Currently, 3.0% of the company’s stock are sold short. Based on an average trading volume of 317,700 shares, the short-interest ratio is presently 6.6 days.

Insider Buying and Selling

In other news, VP Leo Kulmaczewski purchased 900 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were bought at an average cost of $42.10 per share, for a total transaction of $37,890.00. Following the completion of the acquisition, the vice president now directly owns 1,886 shares in the company, valued at approximately $79,400.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other Hillenbrand news, VP Leo Kulmaczewski acquired 900 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were acquired 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 directly owns 1,886 shares in the company, valued at approximately $79,400.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert M. Vanhimbergen bought 2,400 shares of Hillenbrand stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average price of $42.58 per share, with a total value of $102,192.00. Following the acquisition, the chief financial officer now directly owns 48,794 shares of the company’s stock, valued at approximately $2,077,648.52. The disclosure for this purchase can be found here. Insiders have purchased a total of 6,537 shares of company stock worth $278,193 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Hillenbrand

Hedge funds have recently bought and sold shares of the business. Delphi Management Inc. MA acquired a new stake in Hillenbrand during the first quarter worth approximately $237,000. LRI Investments LLC bought a new stake in shares of Hillenbrand during the 1st quarter valued at $117,000. SkyView Investment Advisors LLC acquired a new stake in shares of Hillenbrand during the 1st quarter worth $879,000. Tidal Investments LLC bought a new position in shares of Hillenbrand in the first quarter worth $281,000. Finally, Lazard Asset Management LLC acquired a new position in Hillenbrand in the first quarter valued at about $3,285,000. 89.09% of the stock is owned by institutional investors.

Hillenbrand Trading Down 0.7 %

Hillenbrand stock opened at $40.02 on Monday. The stock has a 50-day simple moving average of $44.16 and a 200 day simple moving average of $46.04. The stock has a market capitalization of $2.81 billion, a P/E ratio of 33.07 and a beta of 1.46. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.86 and a current ratio of 1.34. Hillenbrand has a 52 week low of $37.19 and a 52 week high of $53.67.

Hillenbrand (NYSE:HI) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. The firm had revenue of $785.30 million during the quarter, compared to analysts’ expectations of $801.55 million. Hillenbrand had a net margin of 2.79% and a return on equity of 14.75%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.74 earnings per share. Analysts expect that Hillenbrand will post 3.37 earnings per share for the current year.

Hillenbrand Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.222 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, June 14th. Hillenbrand’s dividend payout ratio is currently 73.55%.

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.