Teachers Advisors LLC Purchases 3,150 Shares of Hillenbrand Inc (NYSE:HI)
Teachers Advisors LLC boosted its position in Hillenbrand Inc (NYSE:HI) by 3.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 100,336 shares of the company’s stock after buying an additional 3,150 shares during the period. Teachers Advisors LLC’s holdings in Hillenbrand were worth $3,597,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Creative Planning boosted its stake in shares of 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 period. Bank of Montreal Can boosted its stake in shares of Hillenbrand by 9.5% in the first quarter. Bank of Montreal Can now owns 4,684 shares of the company’s stock worth $168,000 after buying an additional 406 shares during the period. Atria Investments LLC boosted its stake in shares of Hillenbrand by 1.0% in the first quarter. Atria Investments LLC now owns 7,552 shares of the company’s stock worth $271,000 after buying an additional 77 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Hillenbrand by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 25,900 shares of the company’s stock worth $929,000 after buying an additional 600 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in shares of Hillenbrand by 3.4% in the first quarter. State of Alaska Department of Revenue now owns 7,060 shares of the company’s stock worth $253,000 after buying an additional 230 shares during the period. Institutional investors own 78.72% of the company’s stock.
Shares of Hillenbrand Inc (NYSE HI) opened at 36.70 on Thursday. The firm has a market capitalization of $2.31 billion, a PE ratio of 19.02 and a beta of 1.24. Hillenbrand Inc has a 52 week low of $28.60 and a 52 week high of $39.00. The company’s 50 day moving average price is $36.13 and its 200-day moving average price is $36.43.
Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, August 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.03. The business had revenue of $395.90 million during the quarter, compared to analyst estimates of $388.57 million. Hillenbrand had a return on equity of 19.72% and a net margin of 7.87%. Hillenbrand’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $0.53 EPS. On average, equities research analysts expect that Hillenbrand Inc will post $2.07 EPS for the current fiscal year.
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A number of equities research analysts recently commented on HI shares. Zacks Investment Research cut Hillenbrand from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. FBR & Co reaffirmed an “outperform” rating on shares of Hillenbrand in a research note on Tuesday, July 11th. Finally, BidaskClub cut Hillenbrand from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th.
In other Hillenbrand news, Director David Fennell purchased 302,000 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was purchased at an average cost of $0.10 per share, for a total transaction of $30,200.00. Over the last quarter, insiders have acquired 807,000 shares of company stock valued at $79,350. Company insiders own 1.74% of the company’s stock.
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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