GAM Holding AG cut its position in shares of Hillenbrand, Inc. (NYSE:HI) by 9.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,553 shares of the company’s stock after selling 2,542 shares during the period. GAM Holding AG’s holdings in Hillenbrand were worth $1,232,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dupont Capital Management Corp purchased a new stake in Hillenbrand during the second quarter worth $621,000. Northern Trust Corp lifted its holdings in Hillenbrand by 1.6% during the second quarter. Northern Trust Corp now owns 831,468 shares of the company’s stock valued at $39,203,000 after purchasing an additional 12,935 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in Hillenbrand by 2.4% during the second quarter. Glenmede Trust Co. NA now owns 718,645 shares of the company’s stock valued at $33,885,000 after purchasing an additional 17,095 shares in the last quarter. Citadel Advisors LLC lifted its holdings in Hillenbrand by 81.1% during the second quarter. Citadel Advisors LLC now owns 83,288 shares of the company’s stock valued at $3,927,000 after purchasing an additional 37,305 shares in the last quarter. Finally, Smith Asset Management Group LP lifted its holdings in Hillenbrand by 4.2% during the third quarter. Smith Asset Management Group LP now owns 56,174 shares of the company’s stock valued at $2,938,000 after purchasing an additional 2,280 shares in the last quarter. 76.34% of the stock is currently owned by hedge funds and other institutional investors.

HI opened at $41.91 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 17.18 and a beta of 1.26. Hillenbrand, Inc. has a 52-week low of $40.70 and a 52-week high of $53.41.

Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Tuesday, November 13th. The company reported $0.67 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.67. The business had revenue of $474.70 million for the quarter, compared to the consensus estimate of $449.90 million. Hillenbrand had a net margin of 4.33% and a return on equity of 21.01%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $0.62 earnings per share. On average, research analysts anticipate that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Separately, Sidoti downgraded shares of Hillenbrand from a “buy” rating to a “neutral” rating and set a $57.00 price objective on the stock. in a report on Wednesday, August 22nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Hillenbrand has a consensus rating of “Buy” and an average price target of $59.00.

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About Hillenbrand

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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Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

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