Ramsey Quantitative Systems acquired a new stake in shares of Hillenbrand, Inc. (NYSE:HI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,652 shares of the company’s stock, valued at approximately $342,000.
A number of other hedge funds have also recently bought and sold shares of the business. Harvest Fund Management Co. Ltd acquired a new position in shares of Hillenbrand in the 4th quarter valued at about $110,000. Public Employees Retirement System of Ohio increased its holdings in shares of 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 purchasing an additional 230 shares during the period. Bessemer Group Inc. acquired a new position in shares of Hillenbrand in the 4th quarter valued at about $183,000. Everence Capital Management Inc. acquired a new position in shares of Hillenbrand in the 3rd quarter valued at about $200,000. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of Hillenbrand by 9.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,560 shares of the company’s stock valued at $201,000 after purchasing an additional 460 shares during the period. 76.07% of the stock is owned by institutional investors.
In related news, VP Eric M. Teegarden sold 5,177 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $44.49, for a total value of $230,324.73. Following the transaction, the vice president now owns 3,531 shares in the company, valued at $157,094.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.81% of the company’s stock.
Hillenbrand, Inc. (NYSE HI) opened at $45.00 on Thursday. The firm has a market capitalization of $2,814.34, a PE ratio of 20.11 and a beta of 1.31. Hillenbrand, Inc. has a twelve month low of $34.65 and a twelve month high of $46.50. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.62.
Hillenbrand (NYSE:HI) last released its quarterly earnings data on Wednesday, January 31st. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. Hillenbrand had a return on equity of 19.51% and a net margin of 7.52%. The firm had revenue of $397.20 million for the quarter, compared to the consensus estimate of $384.30 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. sell-side analysts forecast that Hillenbrand, Inc. will post 2.36 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be issued a $0.2075 dividend. The ex-dividend date is Thursday, March 15th. This represents a $0.83 dividend on an annualized basis and a yield of 1.84%. Hillenbrand’s dividend payout ratio is currently 43.23%.
COPYRIGHT VIOLATION WARNING: “Ramsey Quantitative Systems Acquires New Position in Hillenbrand, Inc. (HI)” was first posted by Week Herald and is the property of of Week Herald. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://weekherald.com/2018/02/22/ramsey-quantitative-systems-acquires-new-position-in-hillenbrand-inc-hi.html.
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.
Want to see what other hedge funds are holding HI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hillenbrand, Inc. (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 MarketBeat.com's FREE daily email newsletter.