Insider Selling: Hillenbrand SVP Sells 3,264 Shares of Stock (HI)
Hillenbrand (NYSE:HI) SVP Diane Bohman sold 3,264 shares of the company’s stock on the open market in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $27.79, for a total transaction of $90,706.56. Following the sale, the senior vice president now directly owns 23,236 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on HI shares. Analysts at CL King initiated coverage on shares of Hillenbrand (NYSE:HI) in a research note to investors on Tuesday, September 10th. They set a “strong-buy” rating on the stock. Analysts at Davenport initiated coverage on shares of Hillenbrand (NYSE:HI) in a research note to investors on Thursday, August 22nd. They set a “buy” rating on the stock.
Hillenbrand (NYSE:HI) traded up 1.09% on Thursday, hitting $27.86. 204,085 shares of the company’s stock traded hands. Hillenbrand has a 1-year low of $18.02 and a 1-year high of $27.64. The stock’s 50-day moving average is $25.20 and its 200-day moving average is $24.61. The company has a market cap of $1.750 billion and a P/E ratio of 26.53.
Hillenbrand (NYSE:HI) last announced its earnings results on Monday, August 5th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.03. The company had revenue of $409.00 million for the quarter, compared to the consensus estimate of $423.80 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 71.8% on a year-over-year basis. Analysts expect that Hillenbrand will post $1.90 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $0.20 per share. This represents a $0.78 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Thursday, September 12th.
Hillenbrand, Inc (NYSE:HI) is a global industrial company, which makes and sells premium business-to-business products and services for a range of industries.
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