Hillenbrand, Inc. (HI) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund cut its stake in Hillenbrand, Inc. (NYSE:HI) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,605 shares of the company’s stock after selling 3,408 shares during the quarter. Texas Permanent School Fund owned approximately 0.07% of Hillenbrand worth $1,904,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of HI. Teachers Advisors LLC boosted its position in Hillenbrand by 14.3% during the 2nd quarter. Teachers Advisors LLC now owns 114,645 shares of the company’s stock worth $4,139,000 after buying an additional 14,309 shares during the period. TIAA CREF Investment Management LLC boosted its position in Hillenbrand by 11.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 176,699 shares of the company’s stock worth $6,379,000 after buying an additional 17,793 shares during the period. Nationwide Fund Advisors boosted its position in Hillenbrand by 132.8% during the 2nd quarter. Nationwide Fund Advisors now owns 80,925 shares of the company’s stock worth $2,921,000 after buying an additional 46,163 shares during the period. New York State Common Retirement Fund boosted its position in Hillenbrand by 9.8% during the 2nd quarter. New York State Common Retirement Fund now owns 124,399 shares of the company’s stock worth $4,491,000 after buying an additional 11,087 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in Hillenbrand by 10.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 38,313 shares of the company’s stock worth $1,383,000 after buying an additional 3,591 shares during the period. 74.31% of the stock is currently owned by institutional investors.

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

Several research analysts have issued reports on the stock. ValuEngine upgraded shares of Hillenbrand from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. B. Riley raised their price target on shares of Hillenbrand from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Zacks Investment Research lowered shares of Hillenbrand from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Capital One Financial started 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, two have assigned a hold rating and three have issued a buy rating to the stock. Hillenbrand currently has an average rating of “Hold” and an average target price of $52.00.

Shares of Hillenbrand, Inc. (HI) traded up $0.05 during mid-day trading on Thursday, reaching $44.70. 68,387 shares of the company’s stock were exchanged, compared to its average volume of 293,029. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.62. The company has a market cap of $2,779.67, a price-to-earnings ratio of 23.26 and a beta of 1.31. Hillenbrand, Inc. has a fifty-two week low of $34.65 and a fifty-two week high of $46.50.

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

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About Hillenbrand

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.

Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

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