Dynamic Technology Lab Private Ltd Purchases Shares of 10,233 Hillenbrand, Inc. (NYSE:HI)

Dynamic Technology Lab Private Ltd acquired a new position in Hillenbrand, Inc. (NYSE:HI) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,233 shares of the company’s stock, valued at approximately $284,000.

Several other institutional investors also recently modified their holdings of HI. Cerity Partners LLC boosted its position in shares of Hillenbrand by 107.9% during the 3rd quarter. Cerity Partners LLC now owns 27,459 shares of the company’s stock valued at $763,000 after acquiring an additional 14,253 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Hillenbrand by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 978,953 shares of the company’s stock worth $27,215,000 after purchasing an additional 48,390 shares during the period. Intech Investment Management LLC lifted its stake in Hillenbrand by 271.3% during the third quarter. Intech Investment Management LLC now owns 29,267 shares of the company’s stock worth $814,000 after purchasing an additional 21,384 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Hillenbrand by 284.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,995 shares of the company’s stock valued at $611,000 after purchasing an additional 16,274 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Hillenbrand in the 3rd quarter valued at approximately $1,413,000. Institutional investors and hedge funds own 89.09% of the company’s stock.

Analyst Ratings Changes

HI has been the subject of several analyst reports. DA Davidson restated a “neutral” rating and set a $33.00 target price on shares of Hillenbrand in a research report on Friday, November 15th. KeyCorp cut their price objective on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. Finally, StockNews.com upgraded shares of Hillenbrand from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.67.

Hillenbrand Trading Up 0.6 %

HI stock opened at $34.03 on Monday. The business has a fifty day moving average price of $29.24 and a 200 day moving average price of $35.25. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.83. Hillenbrand, Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $50.58. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of -11.38 and a beta of 1.38.

Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, November 13th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. The company had revenue of $837.60 million during the quarter, compared to analyst estimates of $793.38 million. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company posted $1.13 earnings per share. Analysts expect that Hillenbrand, Inc. will post 3.2 EPS for the current fiscal year.

Hillenbrand Profile

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.