Gateway Investment Advisers LLC maintained its stake in shares of Hillenbrand Inc (NYSE:HI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,693 shares of the company’s stock at the end of the second quarter. Gateway Investment Advisers LLC owned about 0.05% of Hillenbrand worth $1,144,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Hillenbrand by 75.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,958 shares of the company’s stock valued at $106,000 after buying an additional 1,268 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Hillenbrand by 9.4% in the first quarter. Envestnet Asset Management Inc. now owns 2,971 shares of the company’s stock valued at $107,000 after buying an additional 255 shares during the last quarter. Tyers Asset Management LLC raised its stake in shares of Hillenbrand by 14.2% in the first quarter. Tyers Asset Management LLC now owns 3,388 shares of the company’s stock valued at $121,000 after buying an additional 420 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Hillenbrand by 0.4% in the first quarter. IFP Advisors Inc now owns 3,573 shares of the company’s stock valued at $128,000 after buying an additional 14 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its stake in shares of Hillenbrand by 0.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,074 shares of the company’s stock valued at $146,000 after buying an additional 37 shares during the last quarter. Institutional investors own 78.95% of the company’s stock.
Shares of Hillenbrand Inc (HI) remained flat at $36.00 during midday trading on Tuesday. The company’s stock had a trading volume of 23,878 shares. The firm’s 50 day moving average price is $36.20 and its 200 day moving average price is $36.48. The stock has a market capitalization of $2.27 billion, a PE ratio of 18.86 and a beta of 1.24. Hillenbrand Inc has a 52 week low of $28.60 and a 52 week high of $39.00.
Hillenbrand (NYSE:HI) last released its quarterly earnings results on Wednesday, May 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.05. Hillenbrand had a return on equity of 20.27% and a net margin of 7.85%. The company had revenue of $395.30 million during the quarter, compared to analysts’ expectations of $389.43 million. During the same quarter in the prior year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts forecast that Hillenbrand Inc will post $2.05 earnings per share for the current fiscal year.
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Several brokerages have commented on HI. BidaskClub lowered shares of Hillenbrand from a “sell” rating to a “strong sell” rating in a research report on Friday. Zacks Investment Research lowered shares of Hillenbrand from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, FBR & Co restated an “outperform” rating on shares of Hillenbrand in a research report on Tuesday, July 11th.
In other news, Director David Fennell bought 302,000 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The stock was acquired at an average price of $0.10 per share, with a total value of $30,200.00. In the last three months, insiders bought 807,000 shares of company stock valued at $79,350. Company insiders own 1.74% of the company’s stock.
About Hillenbrand
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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