Raymond James Trust N.A. Has $442,000 Position in Hillenbrand, Inc. (HI)

Raymond James Trust N.A. lessened its holdings in Hillenbrand, Inc. (NYSE:HI) by 14.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,895 shares of the company’s stock after selling 1,706 shares during the period. Raymond James Trust N.A.’s holdings in Hillenbrand were worth $442,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Balyasny Asset Management LLC acquired a new stake in shares of Hillenbrand in the 2nd quarter worth about $206,000. Koch Industries Inc. bought a new stake in Hillenbrand in the 2nd quarter worth about $308,000. Knowledge Leaders Capital LLC bought a new stake in Hillenbrand in the 4th quarter worth about $2,429,000. Prudential Financial Inc. grew its position in Hillenbrand by 3.6% in the 3rd quarter. Prudential Financial Inc. now owns 396,527 shares of the company’s stock worth $15,405,000 after purchasing an additional 13,600 shares in the last quarter. Finally, Rhumbline Advisers grew its position in Hillenbrand by 2.9% in the 3rd quarter. Rhumbline Advisers now owns 127,158 shares of the company’s stock worth $4,940,000 after purchasing an additional 3,532 shares in the last quarter. Institutional investors own 74.27% of the company’s stock.

In other news, insider Joe Anthony Raver sold 34,565 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $43.25, for a total transaction of $1,494,936.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Eric M. Teegarden sold 5,177 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $44.49, for a total transaction of $230,324.73. Following the transaction, the vice president now directly owns 3,531 shares of the company’s stock, valued at $157,094.19. The disclosure for this sale can be found here. Insiders have sold a total of 46,615 shares of company stock valued at $2,024,236 over the last three months. Insiders own 1.81% of the company’s stock.

A number of equities research analysts have issued reports on HI shares. B. Riley set a $50.00 price objective on shares of Hillenbrand and gave the stock a “buy” rating in a research report on Thursday, November 16th. Zacks Investment Research raised shares of Hillenbrand from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Tuesday, December 12th. Capital One Financial started coverage on shares of Hillenbrand in a research report on Monday, October 23rd. They issued an “equal weight” rating for the company. Finally, ValuEngine raised shares of Hillenbrand from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Hillenbrand currently has an average rating of “Hold” and an average price target of $52.00.

Shares of Hillenbrand, Inc. (NYSE:HI) opened at $45.25 on Thursday. Hillenbrand, Inc. has a 52-week low of $34.65 and a 52-week high of $46.50. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.24 and a quick ratio of 0.92. The stock has a market cap of $2,763.91, a PE ratio of 23.57 and a beta of 1.31.

Hillenbrand (NYSE:HI) last issued its quarterly earnings data on Wednesday, January 31st. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.05. Hillenbrand had a net margin of 7.52% and a return on equity of 19.51%. The business had revenue of $397.20 million during the quarter, compared to the consensus estimate of $384.30 million. During the same period in the prior year, the firm posted $0.42 EPS. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. equities analysts predict that Hillenbrand, Inc. will post 2.33 earnings per share for the current fiscal year.

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Hillenbrand Company Profile

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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Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

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