Teacher Retirement System of Texas acquired a new position in shares of Hillenbrand Inc (NYSE:HI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,196 shares of the company’s stock, valued at approximately $202,000.
Other institutional investors also recently made changes to their positions in the company. Strs Ohio raised its stake in Hillenbrand by 50.0% in the 2nd quarter. Strs Ohio now owns 3,000 shares of the company’s stock valued at $108,000 after acquiring an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Hillenbrand by 9.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,226 shares of the company’s stock valued at $116,000 after acquiring an additional 268 shares during the period. IFP Advisors Inc raised its stake in Hillenbrand by 1.0% in the 2nd quarter. IFP Advisors Inc now owns 3,608 shares of the company’s stock valued at $130,000 after acquiring an additional 35 shares during the period. Acrospire Investment Management LLC raised its stake in Hillenbrand by 164.2% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,701 shares of the company’s stock valued at $134,000 after acquiring an additional 2,300 shares during the period. Finally, Public Employees Retirement System of Ohio raised its stake in Hillenbrand by 6.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,771 shares of the company’s stock valued at $136,000 after acquiring an additional 230 shares during the period. Institutional investors own 73.79% of the company’s stock.
Shares of Hillenbrand Inc (HI) opened at $43.80 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $2,760.41, a price-to-earnings ratio of 20.86 and a beta of 1.36. Hillenbrand Inc has a 12 month low of $34.65 and a 12 month high of $43.90.
Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Wednesday, November 15th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.04. The firm had revenue of $442.90 million for the quarter, compared to analysts’ expectations of $427.45 million. Hillenbrand had a return on equity of 19.26% and a net margin of 7.94%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.58 EPS. equities analysts expect that Hillenbrand Inc will post 2.23 earnings per share for the current year.
A number of research firms recently weighed in on HI. B. Riley restated a “buy” rating on shares of Hillenbrand in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Hillenbrand from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Finally, Capital One Financial Corporation began coverage on Hillenbrand in a research note on Monday, October 23rd. They issued an “equal weight” rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $50.00.
In other Hillenbrand news, insider Joe Anthony Raver sold 34,565 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $43.25, for a total transaction of $1,494,936.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.74% of the stock is owned by company insiders.
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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