Hillenbrand, Inc. (HI) Holdings Trimmed by California State Teachers Retirement System
California State Teachers Retirement System lowered its stake in shares of Hillenbrand, Inc. (NYSE:HI) by 9.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 101,367 shares of the company’s stock after selling 10,823 shares during the period. California State Teachers Retirement System owned 0.16% of Hillenbrand worth $3,938,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC acquired a new stake in Hillenbrand in the 2nd quarter worth about $86,923,000. Koch Industries Inc. purchased a new position in shares of Hillenbrand in the 2nd quarter worth about $308,000. Goldman Sachs Group Inc. raised its holdings in shares of Hillenbrand by 250.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 399,149 shares of the company’s stock worth $14,409,000 after purchasing an additional 285,372 shares during the period. Numeric Investors LLC purchased a new position in shares of Hillenbrand in the 2nd quarter worth about $6,606,000. Finally, Prudential Financial Inc. raised its holdings in shares of Hillenbrand by 74.1% in the 2nd quarter. Prudential Financial Inc. now owns 382,927 shares of the company’s stock worth $13,824,000 after purchasing an additional 162,946 shares during the period. 76.33% of the stock is currently owned by institutional investors and hedge funds.
In related news, SVP Diane R. Bohman sold 6,873 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $43.50, for a total transaction of $298,975.50. Following the completion of the transaction, the senior vice president now owns 36,544 shares in the company, valued at approximately $1,589,664. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joe Anthony Raver sold 34,565 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $43.25, for a total value of $1,494,936.25. The disclosure for this sale can be found here. 1.81% of the stock is currently owned by company insiders.
Shares of Hillenbrand, Inc. (HI) opened at $45.15 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58. Hillenbrand, Inc. has a twelve month low of $34.65 and a twelve month high of $46.50. The company has a market capitalization of $2,879.50, a PE ratio of 22.80 and a beta of 1.41.
Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Wednesday, November 15th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.04. The company had revenue of $442.90 million for the quarter, compared to the consensus estimate of $427.45 million. Hillenbrand had a return on equity of 19.26% and a net margin of 7.94%. Hillenbrand’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 EPS. research analysts predict that Hillenbrand, Inc. will post 2.25 earnings per share for the current year.
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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