Cerity Partners LLC Purchases 14,253 Shares of Hillenbrand, Inc. (NYSE:HI)

Cerity Partners LLC raised its holdings in shares of Hillenbrand, Inc. (NYSE:HI) by 107.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,459 shares of the company’s stock after purchasing an additional 14,253 shares during the period. Cerity Partners LLC’s holdings in Hillenbrand were worth $763,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of HI. Victory Capital Management Inc. lifted its stake in Hillenbrand by 2.4% in the third quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company’s stock valued at $79,877,000 after buying an additional 66,741 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Hillenbrand by 13.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock valued at $87,408,000 after acquiring an additional 253,730 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Hillenbrand by 5.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 978,953 shares of the company’s stock worth $27,215,000 after acquiring an additional 48,390 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Hillenbrand by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 834,186 shares of the company’s stock valued at $33,384,000 after purchasing an additional 21,986 shares during the period. Finally, Raymond James & Associates raised its stake in Hillenbrand by 4.3% during the 2nd quarter. Raymond James & Associates now owns 392,196 shares of the company’s stock worth $15,696,000 after buying an additional 16,323 shares during the period. Institutional investors own 89.09% of the company’s stock.

Hillenbrand Stock Down 5.0 %

Shares of NYSE:HI opened at $32.94 on Friday. The company has a fifty day moving average of $29.81 and a 200-day moving average of $35.08. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 1.27. Hillenbrand, Inc. has a 52-week low of $25.11 and a 52-week high of $50.58. The company has a market capitalization of $2.31 billion, a PE ratio of -11.02 and a beta of 1.43.

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

Analyst Upgrades and Downgrades

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

Hillenbrand Company 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.