Creative Planning Maintains Stake in Hillenbrand Inc (NYSE:HI)
Creative Planning continued to hold its position in shares of Hillenbrand Inc (NYSE:HI) during the second quarter, Holdings Channel reports. The institutional investor owned 5,657 shares of the company’s stock at the end of the second quarter. Creative Planning’s holdings in Hillenbrand were worth $204,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in HI. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Hillenbrand by 75.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,958 shares of the company’s stock worth $106,000 after buying an additional 1,268 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Hillenbrand by 9.4% in the first quarter. Envestnet Asset Management Inc. now owns 2,971 shares of the company’s stock worth $107,000 after buying an additional 255 shares in the last quarter. Tyers Asset Management LLC raised its stake in Hillenbrand by 14.2% in the first quarter. Tyers Asset Management LLC now owns 3,388 shares of the company’s stock worth $121,000 after buying an additional 420 shares in the last quarter. IFP Advisors Inc raised its stake in Hillenbrand by 0.4% in the first quarter. IFP Advisors Inc now owns 3,573 shares of the company’s stock worth $128,000 after buying an additional 14 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its stake in Hillenbrand by 0.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,074 shares of the company’s stock worth $146,000 after buying an additional 37 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.
Hillenbrand Inc (NYSE:HI) traded up 1.300% during mid-day trading on Tuesday, reaching $37.025. The company’s stock had a trading volume of 143,017 shares. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 19.184 and a beta of 1.24. The company’s 50-day moving average price is $36.18 and its 200 day moving average price is $36.46. Hillenbrand Inc has a 52 week low of $28.60 and a 52 week high of $39.00.
Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.03. The business had revenue of $395.90 million during the quarter, compared to the consensus estimate of $388.57 million. Hillenbrand had a net margin of 7.87% and a return on equity of 19.72%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. On average, equities analysts forecast that Hillenbrand Inc will post $2.06 earnings per share for the current fiscal year.
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A number of analysts have weighed in on HI shares. Zacks Investment Research upgraded Hillenbrand from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Tuesday, May 16th. FBR & Co restated an “outperform” rating on shares of Hillenbrand in a report on Tuesday, July 11th. Finally, BidaskClub lowered Hillenbrand from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th.
In other news, Director David Fennell bought 302,000 shares of the stock in a transaction that occurred on Monday, June 26th. The stock was purchased at an average price of $0.10 per share, for a total transaction of $30,200.00. In the last quarter, insiders have purchased 807,000 shares of company stock valued at $79,350. Insiders own 1.74% of the company’s stock.
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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