Short Interest in Hillenbrand, Inc. (NYSE:HI) Grows By 27.2%

Hillenbrand, Inc. (NYSE:HIGet Free Report) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,590,000 shares, an increase of 27.2% from the February 29th total of 1,250,000 shares. Based on an average daily volume of 306,100 shares, the short-interest ratio is presently 5.2 days. Currently, 2.3% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several research firms recently commented on HI. TheStreet cut Hillenbrand from a “b-” rating to a “c+” rating in a report on Monday, December 18th. CL King assumed coverage on Hillenbrand in a research note on Tuesday, December 19th. They issued a “strong-buy” rating and a $61.00 target price for the company.

Read Our Latest Stock Analysis on HI

Insider Buying and Selling

In related news, VP Nicholas R. Farrell sold 8,542 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $47.02, for a total transaction of $401,644.84. Following the completion of the transaction, the vice president now owns 41,951 shares in the company, valued at approximately $1,972,536.02. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Hillenbrand news, VP Nicholas R. Farrell sold 8,542 shares of Hillenbrand stock in a transaction on Friday, March 15th. The stock was sold at an average price of $47.02, for a total transaction of $401,644.84. Following the completion of the sale, the vice president now directly owns 41,951 shares of the company’s stock, valued at approximately $1,972,536.02. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kimberly K. Ryan purchased 5,600 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were purchased at an average price of $44.94 per share, for a total transaction of $251,664.00. Following the purchase, the chief executive officer now owns 133,604 shares of the company’s stock, valued at approximately $6,004,163.76. The disclosure for this purchase can be found here. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Pathstone Family Office LLC raised its holdings in Hillenbrand by 3.7% during the fourth quarter. Pathstone Family Office LLC now owns 6,407 shares of the company’s stock worth $278,000 after purchasing an additional 230 shares during the last quarter. Mirador Capital Partners LP boosted its holdings in shares of Hillenbrand by 1.8% in the third quarter. Mirador Capital Partners LP now owns 14,233 shares of the company’s stock valued at $602,000 after acquiring an additional 254 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Hillenbrand by 3.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 9,124 shares of the company’s stock valued at $386,000 after acquiring an additional 265 shares during the last quarter. Advisor Partners II LLC lifted its holdings in shares of Hillenbrand by 5.3% during the first quarter. Advisor Partners II LLC now owns 5,614 shares of the company’s stock valued at $267,000 after purchasing an additional 283 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of Hillenbrand by 0.8% in the second quarter. MetLife Investment Management LLC now owns 36,665 shares of the company’s stock worth $1,880,000 after purchasing an additional 308 shares in the last quarter. Institutional investors and hedge funds own 89.09% of the company’s stock.

Hillenbrand Trading Up 0.9 %

Shares of Hillenbrand stock traded up $0.43 during mid-day trading on Friday, hitting $50.29. The stock had a trading volume of 415,763 shares, compared to its average volume of 308,467. The firm has a 50-day moving average of $47.40 and a two-hundred day moving average of $43.90. The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 1.18. The firm has a market cap of $3.53 billion, a P/E ratio of 6.51 and a beta of 1.49. Hillenbrand has a 12-month low of $37.19 and a 12-month high of $53.76.

Hillenbrand (NYSE:HIGet Free Report) last announced its earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. The firm had revenue of $773.30 million for the quarter, compared to the consensus estimate of $776.40 million. Hillenbrand had a net margin of 18.39% and a return on equity of 14.65%. Sell-side analysts forecast that Hillenbrand will post 3.72 earnings per share for the current year.

Hillenbrand Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.222 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.89 annualized dividend and a yield of 1.77%. Hillenbrand’s dividend payout ratio is presently 11.53%.

Hillenbrand Company Profile

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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.

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