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Potential Hillenbrand, Inc. (NYSE:HI) shareholders may wish to note that the Senior Vice President, Christopher Trainor, recently bought US$110k worth of stock, paying US$31.47 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 14%.
Hillenbrand Insider Transactions Over The Last Year
Notably, that recent purchase by Christopher Trainor is the biggest insider purchase of Hillenbrand shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$31.83. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Hillenbrand share holders is that an insider was buying at near the current price. Christopher Trainor was the only individual insider to buy over the year.
The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Hillenbrand is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Hillenbrand insiders own 1.6% of the company, worth about US$37m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Hillenbrand Insiders?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in Hillenbrand shares, given these transactions (along with notable insider ownership of the company). Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Hillenbrand.
But note: Hillenbrand may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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