Charles Schwab Investment Management Inc. Purchases 57,987 Shares of Hillenbrand Inc $HI

Charles Schwab Investment Management Inc. lifted its stake in shares of Hillenbrand Inc (NYSE:HI) by 5.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,142,805 shares of the company’s stock after buying an additional 57,987 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.62% of Hillenbrand worth $27,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of HI. Point72 Hong Kong Ltd purchased a new stake in Hillenbrand in the fourth quarter worth about $42,000. Sterling Capital Management LLC grew its holdings in Hillenbrand by 712.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,520 shares of the company’s stock worth $47,000 after purchasing an additional 1,333 shares during the period. GAMMA Investing LLC grew its holdings in Hillenbrand by 65.9% in the first quarter. GAMMA Investing LLC now owns 1,966 shares of the company’s stock worth $47,000 after purchasing an additional 781 shares during the period. State of Wyoming grew its holdings in Hillenbrand by 342.6% in the fourth quarter. State of Wyoming now owns 5,417 shares of the company’s stock worth $167,000 after purchasing an additional 4,193 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Hillenbrand by 69.1% in the first quarter. Nisa Investment Advisors LLC now owns 8,152 shares of the company’s stock worth $197,000 after buying an additional 3,332 shares in the last quarter. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HI shares. KeyCorp downgraded shares of Hillenbrand from an “overweight” rating to a “sector weight” rating in a research note on Thursday, May 8th. DA Davidson lowered their price objective on shares of Hillenbrand from $33.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Hillenbrand presently has an average rating of “Hold” and an average target price of $32.00.

Hillenbrand Trading Up 0.9%

Shares of Hillenbrand stock opened at $25.5450 on Wednesday. The company’s fifty day simple moving average is $21.56 and its 200-day simple moving average is $23.52. The stock has a market capitalization of $1.80 billion, a PE ratio of -102.18 and a beta of 1.46. Hillenbrand Inc has a 1-year low of $18.36 and a 1-year high of $35.59. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.25 and a quick ratio of 0.87.

Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $598.90 million for the quarter, compared to analysts’ expectations of $572.48 million. Hillenbrand had a negative net margin of 0.63% and a positive return on equity of 13.53%. The company’s revenue was down 23.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 EPS. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. As a group, equities analysts anticipate that Hillenbrand Inc will post 2.53 earnings per share for the current year.

About Hillenbrand

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.