Rhumbline Advisers Increases Position in Hillenbrand Inc (HI)
Rhumbline Advisers lifted its holdings in Hillenbrand Inc (NYSE:HI) by 2.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 127,158 shares of the company’s stock after purchasing an additional 3,532 shares during the period. Rhumbline Advisers owned approximately 0.20% of Hillenbrand worth $4,940,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Strs Ohio grew its holdings in shares of Hillenbrand by 50.0% in the second quarter. Strs Ohio now owns 3,000 shares of the company’s stock valued at $108,000 after purchasing an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Hillenbrand by 9.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,226 shares of the company’s stock worth $116,000 after acquiring an additional 268 shares during the last quarter. IFP Advisors Inc lifted its stake in Hillenbrand by 1.0% in the second quarter. IFP Advisors Inc now owns 3,608 shares of the company’s stock worth $130,000 after acquiring an additional 35 shares during the last quarter. Acrospire Investment Management LLC lifted its stake in Hillenbrand by 164.2% in the second quarter. Acrospire Investment Management LLC now owns 3,701 shares of the company’s stock worth $134,000 after acquiring an additional 2,300 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in Hillenbrand by 6.5% in the second quarter. Public Employees Retirement System of Ohio now owns 3,771 shares of the company’s stock worth $136,000 after acquiring an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 76.36% of the company’s stock.
A number of brokerages recently issued reports on HI. B. Riley reiterated a “buy” rating on shares of Hillenbrand in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of Hillenbrand from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Finally, Capital One Financial began coverage on shares of Hillenbrand in a research note on Monday, October 23rd. They issued an “equal weight” rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Hillenbrand presently has an average rating of “Hold” and a consensus target price of $50.00.
Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Wednesday, November 15th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. Hillenbrand had a net margin of 7.94% and a return on equity of 19.26%. The company had revenue of $442.90 million during the quarter, compared to the consensus estimate of $427.45 million. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. analysts predict that Hillenbrand Inc will post 2.23 EPS for the current year.
In other news, insider Joe Anthony Raver sold 34,565 shares of the business’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Diane R. Bohman sold 6,873 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $43.50, for a total transaction of $298,975.50. Following the sale, the senior vice president now owns 36,544 shares of the company’s stock, valued at approximately $1,589,664. The disclosure for this sale can be found here. 1.74% of the stock is owned by insiders.
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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