Invesco Ltd. Increases Stock Holdings in Hillenbrand Inc $HI

Invesco Ltd. lifted its stake in Hillenbrand Inc (NYSE:HI) by 2.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 356,730 shares of the company’s stock after purchasing an additional 8,548 shares during the quarter. Invesco Ltd. owned about 0.51% of Hillenbrand worth $8,611,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Hong Kong Ltd purchased a new position in shares of Hillenbrand in the 4th quarter worth approximately $42,000. GAMMA Investing LLC boosted its holdings in shares of Hillenbrand by 65.9% in the 1st 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 boosted its holdings in shares of Hillenbrand by 342.6% in the 4th 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. Tower Research Capital LLC TRC boosted its holdings in shares of Hillenbrand by 79.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,815 shares of the company’s stock worth $210,000 after purchasing an additional 3,027 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Hillenbrand in the 4th quarter worth approximately $251,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Hillenbrand Price Performance

Shares of HI stock opened at $25.3450 on Tuesday. Hillenbrand Inc has a 52-week low of $18.36 and a 52-week high of $35.59. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.87 and a current ratio of 1.25. The firm has a market capitalization of $1.79 billion, a P/E ratio of -101.38 and a beta of 1.46. The stock has a 50 day moving average price of $21.89 and a 200 day moving average price of $23.24.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. KeyCorp cut Hillenbrand from an “overweight” rating to a “sector weight” rating in a report on Thursday, May 8th. DA Davidson dropped their target price on Hillenbrand from $33.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Hillenbrand currently has an average rating of “Hold” and an average price target 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.