Raymond James Trust N.A. lowered its holdings in Hillenbrand, Inc. (NYSE:HI) by 39.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,884 shares of the company’s stock after selling 2,557 shares during the period. Raymond James Trust N.A.’s holdings in Hillenbrand were worth $203,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HI. BlackRock Inc. raised its holdings in shares of Hillenbrand by 3.7% during the 3rd quarter. BlackRock Inc. now owns 9,764,737 shares of the company’s stock valued at $510,695,000 after buying an additional 350,003 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Hillenbrand by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,066,773 shares of the company’s stock valued at $55,792,000 after buying an additional 9,133 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Hillenbrand by 1.6% during the 2nd quarter. Wells Fargo & Company MN now owns 1,047,884 shares of the company’s stock valued at $49,407,000 after buying an additional 16,755 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Hillenbrand by 1.6% during the 2nd quarter. Northern Trust Corp now owns 831,468 shares of the company’s stock valued at $39,203,000 after buying an additional 12,935 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its holdings in shares of Hillenbrand by 2.4% during the 2nd quarter. Glenmede Trust Co. NA now owns 718,645 shares of the company’s stock valued at $33,885,000 after buying an additional 17,095 shares in the last quarter. 76.34% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Sidoti lowered Hillenbrand from a “buy” rating to a “neutral” rating and set a $57.00 price target on the stock. in a research report on Wednesday, August 22nd. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $59.00.

HI opened at $41.74 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.15. Hillenbrand, Inc. has a 1 year low of $41.72 and a 1 year high of $53.41. The company has a market cap of $2.76 billion, a P/E ratio of 17.18 and a beta of 1.26.

Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Tuesday, November 13th. The company reported $0.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.67. Hillenbrand had a return on equity of 21.01% and a net margin of 4.33%. The business had revenue of $474.70 million for the quarter, compared to analyst estimates of $449.90 million. During the same period last year, the company earned $0.62 EPS. Hillenbrand’s revenue for the quarter was up 7.2% compared to the same quarter last year. Research analysts forecast that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

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Hillenbrand Profile

Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.

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Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

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