Everence Capital Management Inc. bought a new position in Hillenbrand Inc (NYSE:HI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,160 shares of the company’s stock, valued at approximately $200,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Balyasny Asset Management LLC bought a new stake in shares of Hillenbrand in the 2nd quarter worth about $206,000. Chicago Equity Partners LLC increased its position in shares of Hillenbrand by 1,212.6% in the 2nd quarter. Chicago Equity Partners LLC now owns 101,795 shares of the company’s stock worth $3,675,000 after purchasing an additional 94,040 shares during the last quarter. Schroder Investment Management Group increased its position in shares of Hillenbrand by 6.3% in the 2nd quarter. Schroder Investment Management Group now owns 1,305,211 shares of the company’s stock worth $47,183,000 after purchasing an additional 77,200 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Hillenbrand by 6.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 510,155 shares of the company’s stock valued at $18,290,000 after buying an additional 28,972 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of Hillenbrand by 2.5% during the 2nd quarter. Rhumbline Advisers now owns 123,626 shares of the company’s stock valued at $4,463,000 after buying an additional 3,059 shares during the last quarter. 75.62% of the stock is owned by institutional investors.
Hillenbrand (NYSE:HI) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. The company had revenue of $395.90 million during the quarter, compared to analysts’ expectations of $388.57 million. Hillenbrand had a net margin of 7.87% and a return on equity of 19.72%. The business’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 EPS.
A number of equities research analysts recently weighed in on the stock. FBR & Co reaffirmed an “outperform” rating on shares of Hillenbrand in a research report on Tuesday, July 11th. Zacks Investment Research raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Capital One Financial Corporation assumed coverage on shares of Hillenbrand in a research report on Monday, October 23rd. They set an “equal weight” rating for the company. Finally, BidaskClub downgraded shares of Hillenbrand from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold”.
Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
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