Hillenbrand, Inc. (NYSE:HI) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) by 284.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,995 shares of the company's stock after purchasing an additional 16,274 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Hillenbrand were worth $611,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of HI. Dimensional Fund Advisors LP boosted its stake in shares of Hillenbrand by 13.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company's stock worth $87,408,000 after buying an additional 253,730 shares during the last quarter. Bernzott Capital Advisors boosted its position in Hillenbrand by 51.3% in the third 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 during the last quarter. Victory Capital Management Inc. grew its stake in shares of Hillenbrand by 2.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company's stock valued at $79,877,000 after purchasing an additional 66,741 shares during the period. Quest Partners LLC bought a new position in shares of Hillenbrand in the 3rd quarter worth approximately $1,413,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Hillenbrand in the third quarter worth approximately $627,000. 89.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on HI shares. StockNews.com upgraded shares of Hillenbrand from a "sell" rating to a "hold" rating in a research report on Friday, November 22nd. KeyCorp lowered their price objective on 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 issued a $33.00 target price on shares of Hillenbrand in a report on Friday, November 15th. Two 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, Hillenbrand currently has a consensus rating of "Moderate Buy" and an average target price of $44.67.

Hillenbrand Stock Performance

Shares of Hillenbrand stock traded up $0.19 during trading hours on Friday, hitting $34.03. The company's stock had a trading volume of 259,616 shares, compared to its average volume of 394,633. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.83. Hillenbrand, Inc. has a 12-month low of $25.11 and a 12-month high of $50.58. The business has a 50 day moving average price of $29.10 and a two-hundred day moving average price of $35.45.

Hillenbrand (NYSE:HI - Get Free Report) last issued its earnings results on Wednesday, November 13th. The company reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $837.60 million during the quarter, compared to analyst estimates of $793.38 million. During the same quarter in the prior year, the business earned $1.13 earnings per share. Hillenbrand's revenue for the quarter was up 9.8% on a year-over-year basis. As a group, equities analysts forecast that Hillenbrand, Inc. will post 3.2 EPS for the current fiscal year.

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.