Financial Counselors Inc. Reduces Stake in Hillenbrand, Inc. (HI)

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Financial Counselors Inc. lowered its stake in Hillenbrand, Inc. (NYSE:HI) by 6.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,056 shares of the company’s stock after selling 6,038 shares during the quarter. Financial Counselors Inc. owned approximately 0.15% of Hillenbrand worth $4,971,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. bought a new position in Hillenbrand in the 3rd quarter valued at approximately $16,158,000. Alps Advisors Inc. bought a new position in Hillenbrand in the 3rd quarter valued at approximately $1,029,000. Ramsey Quantitative Systems raised its holdings in Hillenbrand by 17.4% in the 3rd quarter. Ramsey Quantitative Systems now owns 7,862 shares of the company’s stock valued at $411,000 after buying an additional 1,166 shares during the last quarter. Bank of Montreal Can raised its holdings in Hillenbrand by 19.8% in the 3rd quarter. Bank of Montreal Can now owns 41,320 shares of the company’s stock valued at $2,160,000 after buying an additional 6,843 shares during the last quarter. Finally, We Are One Seven LLC bought a new position in Hillenbrand in the 3rd quarter valued at approximately $244,000. 74.83% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on HI shares. Zacks Investment Research lowered shares of Hillenbrand from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 4th. B. Riley set a $62.00 price objective on shares of Hillenbrand and gave the company a “buy” rating in a report on Thursday, August 2nd. TheStreet upgraded shares of Hillenbrand from a “c+” rating to an “a-” rating in a report on Thursday, August 2nd. Finally, Sidoti lowered shares of Hillenbrand from a “buy” rating to a “neutral” rating and set a $57.00 price objective for the company. in a report on Wednesday, August 22nd. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $59.00.

NYSE:HI opened at $47.90 on Thursday. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 22.70 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.22 and a quick ratio of 0.89. Hillenbrand, Inc. has a fifty-two week low of $38.15 and a fifty-two week high of $53.41.

Hillenbrand (NYSE:HI) last released its earnings results on Wednesday, August 1st. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The business had revenue of $446.00 million during the quarter, compared to the consensus estimate of $403.80 million. Hillenbrand had a net margin of 4.04% and a return on equity of 20.46%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. On average, sell-side analysts expect that Hillenbrand, Inc. will post 2.39 EPS for the current year.

About Hillenbrand

Hillenbrand, Inc operates as a diversified industrial company worldwide. 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, and forest products.

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Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

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