FMR LLC lowered its stake in Hillenbrand, Inc. (NYSE:HI - Free Report) by 9.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,105,178 shares of the company's stock after selling 824,765 shares during the quarter. FMR LLC owned about 11.54% of Hillenbrand worth $225,324,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in Hillenbrand during the 3rd quarter worth $187,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Hillenbrand in the third quarter valued at approximately $284,000. Cerity Partners LLC grew its position in Hillenbrand by 107.9% in the third quarter. Cerity Partners LLC now owns 27,459 shares of the company's stock worth $763,000 after acquiring an additional 14,253 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of 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 buying an additional 48,390 shares during the period. Finally, Intech Investment Management LLC raised its stake in shares of Hillenbrand by 271.3% in the third quarter. Intech Investment Management LLC now owns 29,267 shares of the company's stock valued at $814,000 after acquiring an additional 21,384 shares in the last quarter. Institutional investors own 89.09% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on HI shares. StockNews.com raised Hillenbrand from a "sell" rating to a "hold" rating in a report on Friday, November 22nd. KeyCorp reduced their price target on shares of Hillenbrand from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Thursday, November 14th. Finally, DA Davidson reissued a "neutral" rating and set a $33.00 target price on shares of Hillenbrand in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $44.67.
Check Out Our Latest Report on HI
Hillenbrand Price Performance
Shares of HI traded down $1.01 on Tuesday, hitting $33.76. The company's stock had a trading volume of 99,788 shares, compared to its average volume of 393,258. Hillenbrand, Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $50.58. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.83. The firm's fifty day moving average price is $29.40 and its 200-day moving average price is $35.17.
Hillenbrand (NYSE:HI - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $793.38 million. During the same period last year, the firm posted $1.13 earnings per share. Hillenbrand's revenue was up 9.8% compared to the same quarter last year. On average, analysts predict that Hillenbrand, Inc. will post 3.2 EPS for the current year.
About Hillenbrand
(
Free Report)
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.
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