Hillenbrand, Inc. (NYSE:HI) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in Hillenbrand, Inc. (NYSE:HI - Free Report) by 271.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 29,267 shares of the company's stock after acquiring an additional 21,384 shares during the quarter. Intech Investment Management LLC's holdings in Hillenbrand were worth $814,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Hillenbrand by 284.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,995 shares of the company's stock worth $611,000 after purchasing an additional 16,274 shares during the period. Quest Partners LLC purchased a new position in shares of Hillenbrand in the third quarter worth approximately $1,413,000. OneDigital Investment Advisors LLC lifted its position in Hillenbrand by 3.8% during the third quarter. OneDigital Investment Advisors LLC now owns 16,657 shares of the company's stock valued at $463,000 after purchasing an additional 603 shares in the last quarter. KBC Group NV grew its stake in shares of Hillenbrand by 32.2% during the 3rd quarter. KBC Group NV now owns 2,263 shares of the company's stock valued at $63,000 after acquiring an additional 551 shares during the period. Finally, Parametrica Management Ltd bought a new position in Hillenbrand in the 3rd quarter worth $236,000. 89.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Hillenbrand Trading Up 0.7 %

Shares of HI stock traded up $0.22 during trading hours on Friday, hitting $34.06. The stock had a trading volume of 259,616 shares, compared to its average volume of 394,633. The stock's 50 day moving average is $29.10 and its 200 day moving average is $35.45. Hillenbrand, Inc. has a twelve month low of $25.11 and a twelve month 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.

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