Financial Counselors Inc. Boosts Stock Position in Hillenbrand, Inc. (NYSE:HI)

Financial Counselors Inc. grew its position in Hillenbrand, Inc. (NYSE:HI - Free Report) by 30.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 322,252 shares of the company's stock after buying an additional 74,527 shares during the quarter. Financial Counselors Inc. owned 0.46% of Hillenbrand worth $8,959,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of HI. Dimensional Fund Advisors LP grew its stake in Hillenbrand by 13.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company's stock worth $87,408,000 after purchasing an additional 253,730 shares in the last quarter. Bernzott Capital Advisors grew its stake in Hillenbrand by 51.3% during the 3rd quarter. Bernzott Capital Advisors now owns 225,753 shares of the company's stock worth $6,276,000 after purchasing an additional 76,533 shares in the last quarter. Victory Capital Management Inc. grew its stake in Hillenbrand by 2.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company's stock worth $79,877,000 after purchasing an additional 66,741 shares in the last quarter. Quantbot Technologies LP acquired a new position in Hillenbrand during the 3rd quarter worth $1,547,000. Finally, Quest Partners LLC acquired a new position in Hillenbrand during the 3rd quarter worth $1,413,000. 89.09% of the stock is owned by institutional investors and hedge funds.

Hillenbrand Stock Up 0.7 %

NYSE HI traded up $0.22 during trading on Friday, reaching $34.06. 259,616 shares of the company's stock were exchanged, compared to its average volume of 394,633. The stock has a market cap of $2.39 billion, a P/E ratio of -11.39 and a beta of 1.38. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 1.27. The company has a 50 day moving average price of $29.24 and a two-hundred day moving average price of $35.38. Hillenbrand, Inc. has a 1 year low of $25.11 and a 1 year high of $50.58.

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

Analysts Set New Price Targets

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

About Hillenbrand

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.