Nuveen LLC Invests $7.74 Million in Hillenbrand Inc $HI

Nuveen LLC purchased a new stake in shares of Hillenbrand Inc (NYSE:HI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 320,446 shares of the company’s stock, valued at approximately $7,736,000. Nuveen LLC owned about 0.45% of Hillenbrand as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in Hillenbrand by 2.5% in the 1st quarter. Invesco Ltd. now owns 356,730 shares of the company’s stock valued at $8,611,000 after acquiring an additional 8,548 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Hillenbrand by 5.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,142,805 shares of the company’s stock worth $27,587,000 after acquiring an additional 57,987 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Hillenbrand by 10.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,347 shares of the company’s stock worth $467,000 after acquiring an additional 1,808 shares during the last quarter. TD Asset Management Inc bought a new position in Hillenbrand in the first quarter valued at approximately $518,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Hillenbrand in the first quarter valued at approximately $686,000. 89.09% of the stock is owned by institutional investors.

Hillenbrand Stock Up 5.9%

HI stock opened at $26.0430 on Monday. The firm has a 50-day moving average price of $21.79 and a 200-day moving average price of $23.28. The company has a current ratio of 1.25, a quick ratio of 0.87 and a debt-to-equity ratio of 1.23. Hillenbrand Inc has a 12 month low of $18.36 and a 12 month high of $35.59. The stock has a market capitalization of $1.84 billion, a P/E ratio of -104.17 and a beta of 1.46.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on HI. DA Davidson cut 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. KeyCorp downgraded shares of Hillenbrand from an “overweight” rating to a “sector weight” rating in a report on Thursday, May 8th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $32.00.

Hillenbrand 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.