QRG Capital Management Inc. Buys 712 Shares of Hillenbrand, Inc. (NYSE:HI)

QRG Capital Management Inc. increased its position in shares of Hillenbrand, Inc. (NYSE:HI – Free Report) by 9.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,281 shares of the company after acquiring an additional 712 shares during the period. QRG Capital Management Inc.’s shares in Hillenbrand were worth $416,000, according to its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company recently. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Hillenbrand by 5.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 9,627 shares of the company’s stock worth $461,000 after acquiring an additional 503 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Hillenbrand by 1.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,428 shares of the company’s stock worth $1,504,000 after acquiring an additional 514 shares in the last quarter. Thompson Investment Management Inc. increased its holdings in shares of Hillenbrand by 5.0% in the 1st quarter. Thompson Investment Management Inc. now owns 11,090 shares of the company’s stock worth $558,000 after purchasing an additional 525 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Hillenbrand by 4.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 14,049 shares of the company’s stock worth $707,000 after purchasing an additional 535 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of Hillenbrand by 0.4% in the first quarter. Swiss National Bank now owns 138,359 shares of the company’s stock worth $6,958,000 after purchasing an additional 600 shares during the period. 89.09% of the shares are currently held by hedge funds and other institutional investors.

Insider purchases and sales at Hillenbrand

In other Hillenbrand news, VP Leo Kulmaczewski purchased 900 shares of Hillenbrand stock in a transaction on Friday, May 3rd. The shares were acquired at an average price of $42.10 per share, for a total transaction of $37,890.00. Following the completion of the purchase, the VP now directly owns 1,886 shares of the company’s stock, valued at approximately $79,400.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed at this link . In other news, VP Leo Kulmaczewski purchased 900 shares of Hillenbrand stock in a transaction on Friday, May 3rd. The shares were acquired at an average price of $42.10 per share, for a total transaction of $37,890.00. Following the completion of the acquisition, the VP now directly owns 1,886 shares of the company’s stock, valued at approximately $79,400.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. Also, CEO Kimberly K. Ryan purchased 2,350 shares of the company’s stock in a transaction on Friday, May 3. The shares were purchased at an average price of $42.69 per share, for a total value of $100,321.50. Following the completion of the transaction, the chief executive officer now owns 135,954 shares of the company’s stock, valued at $5,803,876.26. The disclosure for this purchase can be found here. Insiders acquired 6,537 shares of the company’s stock valued at $278,193 in the last 90 days. Company insiders own 1.80% of the company’s stock.

Wall Street analysts weigh in

Separately, KeyCorp initiated coverage on Hillenbrand in a research report on Wednesday, July 10th, giving the stock an “overweight” rating and a $50.00 price target.

Check out our latest stock report on Hillenbrand

Hillenbrand trades up 0.3%

Shares of HI opened at $43.00 on Friday. The company has a market cap of $3.02 billion, a price/earnings ratio of 35.54, and a beta of 1.44. The company has a debt/equity ratio of 1.24, a current ratio of 1.34, and a quick ratio of 0.86. Hillenbrand, Inc. has a 1-year low of $37.19 and a 1-year high of $52.75. The company has a 50-day simple moving average of $42.64 and a 200-day simple moving average of $45.44.

Hillenbrand (NYSE:HI – Get Free Report) last announced its quarterly results on Tuesday, April 30. The company reported $0.76 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $801.55 million. In the same period last year, the company reported $0.74 EPS. Hillenbrand’s revenue for the quarter was up 13.7% from the year-ago quarter. On average, analysts expect Hillenbrand, Inc. to report 3.36 EPS for the current fiscal year.

Hillenbrand announces dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.222. This represents an annualized dividend of $0.89 and a yield of 2.07%. The ex-dividend date for this dividend was Friday, June 14th. Hillenbrand’s payout ratio is currently 73.55%.

Hillenbrand Company Profile

(Free Report)

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, develops, manufactures, sells and services process and material handling equipment and systems, including compounding, extrusion and material handling equipment; provides equipment system design services; and provides mixing technology, ingredient automation and batch processing; and supplies screening and separation equipment to a variety of industries, including plastics, food and pharmaceutical, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products and other general industrial products.

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