Boston Partners reduced its stake in shares of Hillenbrand, Inc. (NYSE:HI) by 19.8% in the 4th quarter, Holdings Channel reports. The firm owned 365,482 shares of the company’s stock after selling 90,480 shares during the quarter. Boston Partners’ holdings in Hillenbrand were worth $16,337,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new position in shares of Hillenbrand in the 4th quarter worth about $110,000. Public Employees Retirement System of Ohio raised its position in shares of Hillenbrand by 6.5% in the 2nd 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 in the last quarter. Bessemer Group Inc. bought a new position in shares of Hillenbrand in the 4th quarter worth about $183,000. Everence Capital Management Inc. bought a new position in shares of Hillenbrand in the 3rd quarter worth about $200,000. Finally, Ameritas Investment Partners Inc. raised its position in shares of Hillenbrand by 9.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,560 shares of the company’s stock worth $201,000 after acquiring an additional 460 shares in the last quarter. 74.27% of the stock is owned by institutional investors and hedge funds.

Shares of Hillenbrand, Inc. (HI) opened at $43.55 on Friday. 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 company has a market capitalization of $2,763.91, a PE ratio of 22.68 and a beta of 1.31. Hillenbrand, Inc. has a 12 month low of $34.65 and a 12 month high of $46.50.

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

HI has been the subject of several research analyst reports. B. Riley set a $50.00 price objective on Hillenbrand and gave the stock a “buy” rating in a research report on Thursday, November 16th. Zacks Investment Research raised 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 Hillenbrand in a research report on Monday, October 23rd. They issued an “equal weight” rating for the company. Finally, ValuEngine upgraded Hillenbrand from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Hillenbrand currently has a consensus rating of “Hold” and an average target price of $52.00.

In other news, insider Joe Anthony Raver sold 34,565 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $43.25, for a total value of $1,494,936.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Diane R. Bohman sold 6,873 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $43.50, for a total value of $298,975.50. Following the completion of the sale, the senior vice president now owns 36,544 shares of the company’s stock, valued at $1,589,664. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,615 shares of company stock valued at $2,024,236. 1.81% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION WARNING: “Boston Partners Has $16.34 Million Position in Hillenbrand, Inc. (HI)” was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://www.dailypolitical.com/2018/02/09/boston-partners-has-16-34-million-position-in-hillenbrand-inc-hi.html.

Hillenbrand 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.

Want to see what other hedge funds are holding HI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hillenbrand, Inc. (NYSE:HI).

Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

Receive News & Ratings for Hillenbrand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillenbrand and related companies with MarketBeat.com's FREE daily email newsletter.