Hillenbrand Inc $HI Shares Sold by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC reduced its holdings in Hillenbrand Inc (NYSE:HI) by 6.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,140,306 shares of the company’s stock after selling 206,495 shares during the period. Hillenbrand comprises 1.8% of Clarkston Capital Partners LLC’s holdings, making the stock its 19th biggest position. Clarkston Capital Partners LLC owned about 4.46% of Hillenbrand worth $84,914,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Hantz Financial Services Inc. increased its stake in shares of Hillenbrand by 203.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,136 shares of the company’s stock valued at $31,000 after purchasing an additional 762 shares in the last quarter. Osaic Holdings Inc. boosted its position in Hillenbrand by 74.0% during the second quarter. Osaic Holdings Inc. now owns 1,965 shares of the company’s stock worth $40,000 after purchasing an additional 836 shares in the last quarter. Jones Financial Companies Lllp boosted its position in 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 in the last quarter. BNP Paribas Financial Markets grew its holdings in Hillenbrand by 47.8% in the second quarter. BNP Paribas Financial Markets now owns 7,155 shares of the company’s stock valued at $144,000 after purchasing an additional 2,315 shares during the period. Finally, Caitlin John LLC acquired a new stake in Hillenbrand in the third quarter valued at approximately $207,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Hillenbrand Stock Performance

Shares of Hillenbrand stock opened at $31.98 on Monday. The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 1.05. Hillenbrand Inc has a twelve month low of $18.36 and a twelve month high of $35.48. The firm has a market capitalization of $2.25 billion, a PE ratio of 52.43 and a beta of 1.40. The firm’s 50-day moving average price is $31.90 and its 200 day moving average price is $30.04.

Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Wednesday, February 11th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.63 by ($0.66). Hillenbrand had a return on equity of 12.69% and a net margin of 1.61%.The firm had revenue of $540.00 million for the quarter, compared to analysts’ expectations of $607.10 million. On average, sell-side analysts predict that Hillenbrand Inc will post 2.53 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on HI shares. DA Davidson reaffirmed a “neutral” rating and set a $32.00 target price on shares of Hillenbrand in a research note on Thursday, November 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Hillenbrand in a research note on Monday, December 29th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Hillenbrand has a consensus rating of “Hold” and an average target price of $32.00.

About Hillenbrand

Hillenbrand, Inc, headquartered in Batesville, Indiana, is a global industrial company specializing in engineered equipment and process solutions. Through its Coperion division, Hillenbrand designs and manufactures compounding and extrusion systems, polymer and food processing equipment, bulk material handling technologies and associated automation. These offerings support a variety of end markets, including plastics, chemicals, food, pharmaceutical and minerals, helping customers optimize production efficiency and product quality.

Tracing its roots to the Batesville Casket Company founded in 1906, the organization evolved through strategic acquisitions and expanded its focus on process technologies.