Financial Counselors Inc. Purchases 74,527 Shares of Hillenbrand, Inc. (NYSE:HI)

Financial Counselors Inc. increased its position in Hillenbrand, Inc. (NYSE:HI) by 30.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 322,252 shares of the company’s stock after purchasing an additional 74,527 shares during the quarter. Financial Counselors Inc. owned approximately 0.46% of Hillenbrand worth $8,959,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in Hillenbrand by 58.2% in the second quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock worth $28,000 after purchasing an additional 262 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of Hillenbrand by 0.6% in the second quarter. GHP Investment Advisors Inc. now owns 51,414 shares of the company’s stock valued at $2,058,000 after buying an additional 320 shares during the last quarter. LRI Investments LLC lifted its position in Hillenbrand by 15.0% during the 2nd quarter. LRI Investments LLC now owns 2,679 shares of the company’s stock worth $107,000 after buying an additional 349 shares in the last quarter. Arizona State Retirement System grew its holdings in Hillenbrand by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 19,639 shares of the company’s stock worth $786,000 after acquiring an additional 368 shares during the last quarter. Finally, KBC Group NV increased its position in Hillenbrand by 32.2% in the 3rd quarter. KBC Group NV now owns 2,263 shares of the company’s stock valued at $63,000 after acquiring an additional 551 shares in the last quarter. Institutional investors and hedge funds own 89.09% of the company’s stock.

Hillenbrand Trading Down 0.2 %

Shares of NYSE:HI opened at $33.84 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The company has a 50 day moving average of $29.10 and a 200-day moving average of $35.45. Hillenbrand, Inc. has a one year low of $25.11 and a one year high of $50.58.

Hillenbrand (NYSE:HI) last issued its earnings results on Wednesday, November 13th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.93 by $0.08. Hillenbrand had a negative net margin of 6.63% and a positive return on equity of 14.86%. The company had revenue of $837.60 million during the quarter, compared to analysts’ expectations of $793.38 million. During the same quarter in the previous year, the company posted $1.13 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Hillenbrand, Inc. will post 3.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HI. DA Davidson reiterated a “neutral” rating and set a $33.00 target price on shares of Hillenbrand in a research report on Friday, November 15th. KeyCorp reduced their price objective on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th. Finally, StockNews.com raised Hillenbrand from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.67.

Hillenbrand Company Profile

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.