Channing Capital Management LLC Sells 104,551 Shares of Hillenbrand, Inc. (NYSE:HI)

Channing Capital Management LLC decreased its holdings in Hillenbrand, Inc. (NYSE:HI) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,349,010 shares of the company’s stock after selling 104,551 shares during the period. Hillenbrand comprises approximately 1.9% of Channing Capital Management LLC’s holdings, making the stock its 27th largest holding. Channing Capital Management LLC’s holdings in Hillenbrand were worth $64,550,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HI. GoalVest Advisory LLC purchased a new position in Hillenbrand during the 4th quarter worth $37,000. Avantax Planning Partners Inc. bought a new stake in shares of Hillenbrand in the third quarter valued at about $202,000. Xponance Inc. purchased a new stake in Hillenbrand in the fourth quarter worth about $204,000. Mackenzie Financial Corp purchased a new stake in Hillenbrand in the fourth quarter worth about $217,000. Finally, Teacher Retirement System of Texas grew its holdings in 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 in the last quarter. 89.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Kimberly K. Ryan bought 5,600 shares of the business’s stock in a transaction on Friday, February 9th. The shares were bought at an average price of $44.94 per share, for a total transaction of $251,664.00. Following the completion of the purchase, the chief executive officer now directly owns 133,604 shares of the company’s stock, valued at $6,004,163.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Robert M. Vanhimbergen acquired 11,319 shares of Hillenbrand stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average price of $45.23 per share, for a total transaction of $511,958.37. Following the purchase, the chief financial officer now directly owns 34,559 shares in the company, valued at approximately $1,563,103.57. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kimberly K. Ryan bought 5,600 shares of the stock in a transaction on Friday, February 9th. The stock was purchased at an average price of $44.94 per share, with a total value of $251,664.00. Following the completion of the purchase, the chief executive officer now owns 133,604 shares of the company’s stock, valued at $6,004,163.76. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by company insiders.

Hillenbrand Stock Up 1.3 %

Shares of NYSE:HI traded up $0.55 during trading hours on Friday, hitting $42.44. The company’s stock had a trading volume of 474,362 shares, compared to its average volume of 285,477. The firm’s fifty day moving average price is $47.92 and its 200 day moving average price is $44.85. Hillenbrand, Inc. has a 52 week low of $37.19 and a 52 week high of $53.76. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 35.07 and a beta of 1.49. 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 quarterly earnings data on Tuesday, April 30th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.01. The company had revenue of $785.30 million for 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 was up 13.7% compared to the same quarter last year. During the same period last year, the company posted $0.74 earnings per share. As a group, research analysts expect that Hillenbrand, Inc. will post 3.57 EPS for the current year.

Hillenbrand Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.222 dividend. This represents a $0.89 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Thursday, March 14th. Hillenbrand’s payout ratio is 73.55%.

Hillenbrand Profile

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.