Foundry Partners LLC increased its stake in shares of Hillenbrand Inc (NYSE:HI) by 7.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 268,098 shares of the company’s stock after acquiring an additional 18,654 shares during the quarter. Foundry Partners LLC owned approximately 0.43% of Hillenbrand worth $10,416,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Hillenbrand by 1.1% during the second quarter. BlackRock Inc. now owns 7,861,426 shares of the company’s stock worth $283,796,000 after acquiring an additional 89,261 shares in the last quarter. Vanguard Group Inc. raised its holdings in Hillenbrand by 1.1% during the second quarter. Vanguard Group Inc. now owns 5,560,333 shares of the company’s stock worth $200,728,000 after buying an additional 59,046 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Hillenbrand during the second quarter worth $86,923,000. Clarkston Capital Partners LLC raised its holdings in Hillenbrand by 6.0% during the third quarter. Clarkston Capital Partners LLC now owns 2,134,540 shares of the company’s stock worth $82,927,000 after buying an additional 120,471 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Hillenbrand by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,575,172 shares of the company’s stock worth $56,864,000 after buying an additional 9,612 shares during the last quarter. 75.62% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Hillenbrand from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. BidaskClub downgraded shares of Hillenbrand from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Capital One Financial Corporation assumed coverage on shares of Hillenbrand in a report on Monday, October 23rd. They set an “equal weight” rating on the stock. Finally, FBR & Co restated an “outperform” rating on shares of Hillenbrand in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Hillenbrand currently has an average rating of “Hold”.
Shares of Hillenbrand Inc (NYSE:HI) traded up $0.20 during mid-day trading on Friday, hitting $39.95. 161,951 shares of the stock traded hands, compared to its average volume of 280,725. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.39 and a quick ratio of 1.03. The company has a market cap of $2.52 billion, a PE ratio of 19.39 and a beta of 1.36.
Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.03. The business had revenue of $395.90 million during the quarter, compared to analysts’ expectations of $388.57 million. Hillenbrand had a return on equity of 19.72% and a net margin of 7.87%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 earnings per share. analysts forecast that Hillenbrand Inc will post 2.08 EPS for the current year.
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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