Edgestream Partners L.P. Buys Shares of 157,138 Hillenbrand, Inc. (NYSE:HI)

Edgestream Partners L.P. purchased a new stake in Hillenbrand, Inc. (NYSE:HI - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 157,138 shares of the company's stock, valued at approximately $4,368,000. Edgestream Partners L.P. owned 0.22% of Hillenbrand at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its position in shares of Hillenbrand by 2.4% in the 3rd quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company's stock valued at $79,877,000 after buying an additional 66,741 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Hillenbrand by 13.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company's stock valued at $87,408,000 after purchasing an additional 253,730 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Hillenbrand by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 978,953 shares of the company's stock worth $27,215,000 after purchasing an additional 48,390 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Hillenbrand by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 834,186 shares of the company's stock valued at $33,384,000 after purchasing an additional 21,986 shares in the last quarter. Finally, Raymond James & Associates increased its stake in shares of Hillenbrand by 4.3% in the 2nd quarter. Raymond James & Associates now owns 392,196 shares of the company's stock valued at $15,696,000 after purchasing an additional 16,323 shares during the last quarter. Institutional investors and hedge funds own 89.09% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on HI shares. StockNews.com raised Hillenbrand from a "sell" rating to a "hold" rating in a research note on Friday, November 22nd. DA Davidson restated a "neutral" rating and issued a $33.00 price target on shares of Hillenbrand in a research note on Friday, November 15th. Finally, KeyCorp lowered their price objective on shares of Hillenbrand from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $44.67.

Hillenbrand Trading Up 0.6 %

Hillenbrand stock traded up $0.19 during trading hours on Friday, hitting $34.03. The stock had a trading volume of 259,616 shares, compared to its average volume of 456,774. The business's 50 day simple moving average is $29.24 and its 200-day simple moving average is $35.25. Hillenbrand, Inc. has a one year low of $25.11 and a one year high of $50.58. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of -11.38 and a beta of 1.38. The company has a quick ratio of 0.83, a current ratio of 1.27 and a debt-to-equity ratio of 1.28.

Hillenbrand (NYSE:HI - Get Free Report) last posted its earnings results on Wednesday, November 13th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. Hillenbrand had a negative net margin of 6.63% and a positive return on equity of 14.86%. The business had revenue of $837.60 million for the quarter, compared to the consensus estimate of $793.38 million. During the same period last year, the company earned $1.13 EPS. The firm's revenue was up 9.8% compared to the same quarter last year. On average, equities analysts predict that Hillenbrand, Inc. will post 3.2 EPS for the current fiscal year.

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.