Hillenbrand Inc (HI) Position Increased by Prudential Financial Inc.
Prudential Financial Inc. lifted its stake in Hillenbrand Inc (NYSE:HI) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 396,527 shares of the company’s stock after purchasing an additional 13,600 shares during the period. Prudential Financial Inc. owned approximately 0.63% of Hillenbrand worth $15,405,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. IFP Advisors Inc lifted its stake in shares of Hillenbrand by 1.0% in the second quarter. IFP Advisors Inc now owns 3,608 shares of the company’s stock valued at $130,000 after purchasing an additional 35 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Hillenbrand by 6.5% in the second quarter. Public Employees Retirement System of Ohio now owns 3,771 shares of the company’s stock valued at $136,000 after purchasing an additional 230 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Hillenbrand by 9.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,226 shares of the company’s stock valued at $116,000 after purchasing an additional 268 shares during the period. Ameritas Investment Partners Inc. lifted its stake in shares of Hillenbrand by 9.0% in the second quarter. Ameritas Investment Partners Inc. now owns 5,560 shares of the company’s stock valued at $201,000 after purchasing an additional 460 shares during the period. Finally, Raymond James Trust N.A. lifted its stake in shares of Hillenbrand by 5.4% in the second quarter. Raymond James Trust N.A. now owns 10,682 shares of the company’s stock valued at $386,000 after purchasing an additional 549 shares during the period. Hedge funds and other institutional investors own 73.79% of the company’s stock.
Hillenbrand Inc (NYSE HI) opened at $43.20 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58. The stock has a market cap of $2,722.60, a PE ratio of 20.57 and a beta of 1.36. Hillenbrand Inc has a 52-week low of $33.55 and a 52-week high of $43.90.
Hillenbrand (NYSE:HI) last announced its 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. The company had revenue of $442.90 million during the quarter, compared to analysts’ expectations of $427.45 million. Hillenbrand had a net margin of 7.94% and a return on equity of 19.26%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.58 earnings per share. equities analysts expect that Hillenbrand Inc will post 2.24 EPS for the current year.
A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Hillenbrand from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Capital One Financial Corporation assumed coverage on shares of Hillenbrand in a research report on Monday, October 23rd. They set an “equal weight” rating for the company. BidaskClub cut shares of Hillenbrand from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, B. Riley restated a “buy” rating and set a $50.00 target price (up previously from $46.00) on shares of Hillenbrand in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $50.00.
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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