Schroder Investment Management Group Has $6.71 Million Holdings in Hillenbrand, Inc. (HI)
Schroder Investment Management Group lessened its stake in shares of Hillenbrand, Inc. (NYSE:HI) by 59.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 128,321 shares of the company’s stock after selling 186,497 shares during the period. Schroder Investment Management Group’s holdings in Hillenbrand were worth $6,711,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Bank of Montreal Can acquired a new stake in shares of Hillenbrand during the second quarter worth $1,626,000. Acadian Asset Management LLC bought a new position in shares of Hillenbrand during the second quarter worth about $925,000. Dupont Capital Management Corp bought a new position in shares of Hillenbrand during the second quarter worth about $621,000. TD Asset Management Inc. grew its position in shares of Hillenbrand by 275.0% during the second quarter. TD Asset Management Inc. now owns 27,000 shares of the company’s stock worth $1,273,000 after acquiring an additional 19,800 shares during the last quarter. Finally, Smith Asset Management Group LP grew its position in shares of Hillenbrand by 37.9% during the second quarter. Smith Asset Management Group LP now owns 53,894 shares of the company’s stock worth $2,541,000 after acquiring an additional 14,804 shares during the last quarter. Institutional investors own 76.34% of the company’s stock.
Separately, Sidoti lowered shares of Hillenbrand from a “buy” rating to a “neutral” rating and set a $57.00 price target for the company. in a research report on Wednesday, August 22nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $59.00.
Hillenbrand (NYSE:HI) last announced its earnings results on Tuesday, November 13th. The company reported $0.67 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.67. The firm had revenue of $474.70 million during the quarter, compared to analyst estimates of $449.90 million. Hillenbrand had a net margin of 4.33% and a return on equity of 21.01%. Hillenbrand’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 EPS. Equities research analysts expect that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.
Hillenbrand Company 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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