Charles Schwab Investment Management Inc. Has $27.22 Million Stake in Hillenbrand, Inc. (NYSE:HI)

Charles Schwab Investment Management Inc. lifted its position in shares of Hillenbrand, Inc. (NYSE:HI) by 5.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 978,953 shares of the company’s stock after purchasing an additional 48,390 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.39% of Hillenbrand worth $27,215,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Hillenbrand by 58.2% during the second quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock worth $28,000 after purchasing an additional 262 shares during the period. Matrix Trust Co bought a new stake in Hillenbrand during the third quarter worth $25,000. Kennebec Savings Bank bought a new stake in Hillenbrand during the third quarter worth $48,000. Summit Securities Group LLC bought a new stake in Hillenbrand during the second quarter worth $90,000. Finally, KBC Group NV grew its holdings in Hillenbrand by 32.2% during the third quarter. KBC Group NV now owns 2,263 shares of the company’s stock worth $63,000 after buying an additional 551 shares in the last quarter. 89.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Hillenbrand Stock Up 1.6 %

Shares of NYSE:HI opened at $34.64 on Thursday. The company has a market capitalization of $2.43 billion, a PE ratio of -11.59 and a beta of 1.43. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.83. The business has a fifty day moving average price of $29.69 and a two-hundred day moving average price of $35.09. Hillenbrand, Inc. has a 1 year low of $25.11 and a 1 year high of $50.58.

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