Clarkston Capital Partners LLC Has $67.17 Million Stock Holdings in Hillenbrand Inc $HI

Clarkston Capital Partners LLC lessened its holdings in Hillenbrand Inc (NYSE:HI) by 11.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,346,801 shares of the company’s stock after selling 414,150 shares during the period. Hillenbrand comprises 1.4% of Clarkston Capital Partners LLC’s holdings, making the stock its 24th biggest holding. Clarkston Capital Partners LLC owned approximately 4.75% of Hillenbrand worth $67,170,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio grew its position in Hillenbrand by 29.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,432 shares of the company’s stock worth $49,000 after acquiring an additional 547 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Hillenbrand during the first quarter valued at about $84,000. Jones Financial Companies Lllp grew its holdings in shares of Hillenbrand by 622.7% during the first quarter. Jones Financial Companies Lllp now owns 3,729 shares of the company’s stock worth $90,000 after purchasing an additional 3,213 shares during the last quarter. Wealthedge Investment Advisors LLC acquired a new position in shares of Hillenbrand in the first quarter valued at approximately $204,000. Finally, Royal Bank of Canada raised its holdings in Hillenbrand by 37.0% in the 1st quarter. Royal Bank of Canada now owns 9,950 shares of the company’s stock valued at $240,000 after buying an additional 2,687 shares during the last quarter. Institutional investors own 89.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on HI shares. DA Davidson reissued a “neutral” rating and issued a $32.00 price objective on shares of Hillenbrand in a research note on Thursday, November 20th. CJS Securities reissued a “market perform” rating and issued a $32.00 price target on shares of Hillenbrand in a research note on Thursday, October 16th. Weiss Ratings restated a “hold (c-)” rating on shares of Hillenbrand in a research report on Wednesday, October 8th. Finally, Zacks Research cut Hillenbrand from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $32.00.

Hillenbrand Stock Down 0.1%

Shares of NYSE:HI opened at $31.72 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.87 and a current ratio of 1.25. Hillenbrand Inc has a 52-week low of $18.36 and a 52-week high of $35.59. The business’s 50 day simple moving average is $29.49 and its two-hundred day simple moving average is $24.70. The firm has a market cap of $2.24 billion, a P/E ratio of -126.88 and a beta of 1.50.

Hillenbrand (NYSE:HI) last posted its earnings results on Wednesday, November 19th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.62 by $0.21. The company had revenue of $652.10 million during the quarter, compared to the consensus estimate of $592.25 million. Hillenbrand had a negative net margin of 0.63% and a positive return on equity of 13.53%. The firm’s revenue for the quarter was down 22.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.01 earnings per share. As a group, research analysts forecast that Hillenbrand Inc will post 2.53 EPS for the current fiscal year.

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.