Cigna Investments Inc. New purchased a new stake in Hillenbrand Inc (NYSE:HI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,535 shares of the company’s stock, valued at approximately $453,000.
Other hedge funds have also modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Hillenbrand by 157,614.4% in the first quarter. BlackRock Inc. now owns 7,772,165 shares of the company’s stock valued at $278,631,000 after buying an additional 7,767,237 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Hillenbrand by 6.7% in the first quarter. Vanguard Group Inc. now owns 5,501,287 shares of the company’s stock valued at $197,221,000 after buying an additional 344,593 shares during the period. Janus Capital Management LLC boosted its stake in shares of Hillenbrand by 153.9% in the first quarter. Janus Capital Management LLC now owns 2,052,612 shares of the company’s stock valued at $73,586,000 after buying an additional 1,244,197 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Hillenbrand by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,565,560 shares of the company’s stock valued at $56,125,000 after buying an additional 54,442 shares during the period. Finally, State Street Corp boosted its stake in shares of Hillenbrand by 5.9% in the first quarter. State Street Corp now owns 1,451,269 shares of the company’s stock valued at $52,022,000 after buying an additional 80,769 shares during the period. 79.06% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hillenbrand Inc (NYSE:HI) opened at 36.65 on Thursday. Hillenbrand Inc has a one year low of $28.60 and a one year high of $39.00. The firm has a market cap of $2.31 billion, a PE ratio of 18.99 and a beta of 1.24. The company has a 50-day moving average of $36.22 and a 200 day moving average of $36.40.
Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.03. The business had revenue of $395.90 million for 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%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 EPS. On average, equities research analysts expect that Hillenbrand Inc will post $2.07 EPS for the current fiscal year.
Several analysts recently weighed in on the stock. BidaskClub cut shares of Hillenbrand from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Zacks Investment Research cut shares of Hillenbrand from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, FBR & Co reaffirmed an “outperform” rating on shares of Hillenbrand in a report on Tuesday, July 11th.
In related news, Director David Fennell bought 300,000 shares of the company’s stock in a transaction on Monday, June 19th. The shares were purchased at an average cost of $0.10 per share, with a total value of $30,000.00. Insiders acquired 807,000 shares of company stock worth $79,350 over the last ninety days. 1.74% of the stock is owned by corporate 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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