HL Financial Services LLC Reduces Stake in Hillenbrand Inc (NYSE:HI)
HL Financial Services LLC decreased its position in Hillenbrand Inc (NYSE:HI) by 4.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 24,881 shares of the company’s stock after selling 1,200 shares during the period. HL Financial Services LLC’s holdings in Hillenbrand were worth $898,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Creative Planning boosted its stake in Hillenbrand by 2.4% in the first quarter. Creative Planning now owns 5,657 shares of the company’s stock worth $203,000 after buying an additional 132 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Hillenbrand by 6.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 510,155 shares of the company’s stock worth $18,290,000 after buying an additional 28,972 shares during the last quarter. Stifel Financial Corp boosted its stake in Hillenbrand by 19.8% in the first quarter. Stifel Financial Corp now owns 306,137 shares of the company’s stock worth $10,978,000 after buying an additional 50,598 shares during the last quarter. Comerica Bank boosted its stake in Hillenbrand by 5.0% in the first quarter. Comerica Bank now owns 71,775 shares of the company’s stock worth $2,681,000 after buying an additional 3,410 shares during the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in Hillenbrand during the first quarter worth $183,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.
Hillenbrand Inc (NYSE:HI) opened at 36.25 on Friday. The stock’s 50 day moving average is $36.15 and its 200-day moving average is $36.43. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 18.78 and a beta of 1.24. Hillenbrand Inc has a one year low of $28.60 and a one year high of $39.00.
Hillenbrand (NYSE:HI) last released its earnings results on Wednesday, August 2nd. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.03. Hillenbrand had a net margin of 7.87% and a return on equity of 19.72%. The company had revenue of $395.90 million for the quarter, compared to analyst estimates of $388.57 million. During the same quarter last year, the firm earned $0.53 EPS. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, equities research analysts expect that Hillenbrand Inc will post $2.07 earnings per share for the current fiscal year.
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HI has been the topic of a number of research reports. Zacks Investment Research cut shares of Hillenbrand from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub cut shares of Hillenbrand from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, FBR & Co reaffirmed an “outperform” rating on shares of Hillenbrand in a research note on Tuesday, July 11th.
In other Hillenbrand news, Director David Fennell bought 302,000 shares of Hillenbrand stock in a transaction that occurred on Monday, June 26th. The shares were bought at an average price of $0.10 per share, with a total value of $30,200.00. In the last ninety days, insiders have purchased 807,000 shares of company stock worth $79,350. 1.74% of the stock is owned by insiders.
Hillenbrand Company Profile
Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
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