Insider Selling: John Zerkle Sells 9,283 Shares of Hillenbrand Stock (HI)
Hillenbrand (NYSE:HI) VP John Zerkle sold 9,283 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $29.50, for a total value of $273,848.50. Following the completion of the transaction, the vice president now directly owns 81,048 shares of the company’s stock, valued at approximately $2,390,916. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Hillenbrand (NYSE:HI) traded down 0.07% during mid-day trading on Tuesday, hitting $29.45. 281,809 shares of the company’s stock traded hands. Hillenbrand has a 1-year low of $18.84 and a 1-year high of $29.54. The stock’s 50-day moving average is $27.46 and its 200-day moving average is $25.14. The company has a market cap of $1.850 billion and a price-to-earnings ratio of 28.36.
Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.37 earnings per share. Hillenbrand’s revenue was up 71.8% compared to the same quarter last year. On average, analysts predict that Hillenbrand will post $1.90 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on HI shares. Analysts at Hilliard Lyons downgraded shares of Hillenbrand to a “buy” rating in a research note to investors on Monday, October 14th. Separately, analysts at Sidoti initiated coverage on shares of Hillenbrand in a research note to investors on Thursday, October 10th. They set a “buy” rating on the stock. Finally, analysts at CL King initiated coverage on shares of Hillenbrand in a research note to investors on Tuesday, September 10th. They set a “strong-buy” rating on the stock.
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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