Joe Anthony Raver Sells 33,931 Shares of Hillenbrand, Inc. (HI) Stock

Hillenbrand, Inc. (NYSE:HI) insider Joe Anthony Raver sold 33,931 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $47.04, for a total transaction of $1,596,114.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Hillenbrand, Inc. (HI) traded down $0.50 during trading hours on Wednesday, hitting $46.40. 282,441 shares of the stock were exchanged, compared to its average volume of 286,775. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.92 and a current ratio of 1.24. Hillenbrand, Inc. has a fifty-two week low of $34.65 and a fifty-two week high of $48.00. The firm has a market cap of $2,956.16, a PE ratio of 21.13 and a beta of 1.26.

Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.05. Hillenbrand had a net margin of 7.52% and a return on equity of 19.51%. The business had revenue of $397.20 million for the quarter, compared to analysts’ expectations of $384.30 million. During the same period in the prior year, the company posted $0.42 EPS. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. analysts forecast that Hillenbrand, Inc. will post 2.36 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be paid a dividend of $0.2075 per share. The ex-dividend date is Thursday, March 15th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.79%. Hillenbrand’s dividend payout ratio (DPR) is presently 43.23%.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Hillenbrand from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. ValuEngine raised shares of Hillenbrand from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, B. Riley upped their price target on shares of Hillenbrand from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $51.50.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Harvest Fund Management Co. Ltd acquired a new stake in Hillenbrand in the 4th quarter valued at about $110,000. Public Employees Retirement System of Ohio grew its stake in Hillenbrand by 6.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,771 shares of the company’s stock valued at $136,000 after acquiring an additional 230 shares during the last quarter. Bessemer Group Inc. acquired a new stake in Hillenbrand in the 4th quarter valued at about $183,000. Teacher Retirement System of Texas acquired a new stake in Hillenbrand in the 3rd quarter valued at about $202,000. Finally, CIBC Asset Management Inc acquired a new stake in Hillenbrand in the 3rd quarter valued at about $204,000. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This news story was first reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at

About Hillenbrand

Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.

Insider Buying and Selling by Quarter for Hillenbrand (NYSE:HI)

Receive News & Ratings for Hillenbrand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillenbrand and related companies with's FREE daily email newsletter.

Leave a Reply