Creative Planning lessened its position in shares of Hillenbrand, Inc. (NYSE:HI) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,428 shares of the company’s stock after selling 360 shares during the quarter. Creative Planning’s holdings in Hillenbrand were worth $526,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Deutsche Bank AG grew its holdings in Hillenbrand by 13.7% during the first quarter. Deutsche Bank AG now owns 364,834 shares of the company’s stock valued at $6,971,000 after purchasing an additional 43,836 shares during the period. Wealth Quarterback LLC bought a new stake in Hillenbrand during the first quarter valued at about $77,000. Whittier Trust Co. grew its holdings in Hillenbrand by 54.1% during the first quarter. Whittier Trust Co. now owns 7,706 shares of the company’s stock valued at $147,000 after purchasing an additional 2,706 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Hillenbrand by 30.9% during the first quarter. BNP Paribas Arbitrage SA now owns 34,082 shares of the company’s stock valued at $651,000 after purchasing an additional 8,051 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in Hillenbrand by 119.0% during the first quarter. Canada Pension Plan Investment Board now owns 144,100 shares of the company’s stock valued at $2,754,000 after purchasing an additional 78,300 shares during the period. Institutional investors own 84.51% of the company’s stock.
Several analysts have issued reports on HI shares. DA Davidson boosted their price target on Hillenbrand from $30.00 to $35.00 in a report on Wednesday, June 10th. Zacks Investment Research lowered Hillenbrand from a “hold” rating to a “sell” rating in a report on Tuesday, June 9th. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. Hillenbrand has an average rating of “Hold” and an average price target of $41.00.
NYSE HI opened at $29.23 on Friday. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of -171.94 and a beta of 1.40. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 1.91. The business has a 50-day moving average price of $26.78 and a 200-day moving average price of $24.46. Hillenbrand, Inc. has a twelve month low of $13.61 and a twelve month high of $34.66.
Hillenbrand (NYSE:HI) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.14. The firm had revenue of $648.90 million during the quarter, compared to analyst estimates of $647.77 million. Hillenbrand had a positive return on equity of 17.85% and a negative net margin of 1.02%. The business’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.63 earnings per share. Research analysts expect that Hillenbrand, Inc. will post 1.95 EPS for the current fiscal year.
Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.
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