Sapient Capital LLC Invests $1.04 Million in Hillenbrand, Inc. (NYSE:HI)

Sapient Capital LLC acquired a new position in Hillenbrand, Inc. (NYSE:HI) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 21,760 shares of the company’s stock, valued at approximately $1,041,000.

Other hedge funds have also recently made changes to their positions in the company. GoalVest Advisory LLC purchased a new stake in shares of Hillenbrand in the fourth quarter worth $37,000. Avantax Planning Partners Inc. purchased a new position in Hillenbrand in the third quarter worth about $202,000. Xponance Inc. bought a new stake in Hillenbrand during the fourth quarter valued at approximately $204,000. Mackenzie Financial Corp bought a new position in Hillenbrand in the fourth quarter worth approximately $217,000. Finally, Teacher Retirement System of Texas boosted its stake in shares of Hillenbrand by 6.1% during the 3rd quarter. Teacher Retirement System of Texas now owns 5,564 shares of the company’s stock worth $235,000 after acquiring an additional 319 shares during the last quarter. 89.09% of the stock is owned by hedge funds and other institutional investors.

Hillenbrand Stock Performance

Shares of HI stock traded up $0.55 during trading hours on Friday, reaching $42.44. 474,362 shares of the company traded hands, compared to its average volume of 285,477. The firm has a 50-day moving average price of $47.92 and a 200 day moving average price of $44.80. The company has a market cap of $2.98 billion, a P/E ratio of 35.07 and a beta of 1.49. Hillenbrand, Inc. has a 12-month low of $37.19 and a 12-month high of $53.76. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.34 and a quick ratio of 0.79.

Hillenbrand (NYSE:HI) last issued its earnings results on Tuesday, April 30th. The company reported $0.76 earnings per share 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 analyst estimates of $801.55 million. Hillenbrand had a net margin of 2.79% and a return on equity of 14.75%. Hillenbrand’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.74 earnings per share. As a group, sell-side analysts predict that Hillenbrand, Inc. will post 3.57 earnings per share for the current fiscal year.

Hillenbrand Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.222 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.89 annualized dividend and a dividend yield of 2.09%. Hillenbrand’s dividend payout ratio (DPR) is presently 73.55%.

Insider Buying and Selling

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

About Hillenbrand

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.