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.

How to Become a New Pot Stock Millionaire

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.

A number of research firms have recently commented on HI. B. Riley restated a “buy” rating on shares of Hillenbrand in a report on Wednesday, November 1st. ValuEngine upgraded Hillenbrand from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded Hillenbrand from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Capital One Financial began coverage on Hillenbrand in a report on Monday, October 23rd. They set an “equal weight” rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $50.50.

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.

ILLEGAL ACTIVITY NOTICE: “Hillenbrand, Inc. (HI) Holdings Trimmed by California State Teachers Retirement System” was first published by Marea Informative and is owned by of Marea Informative. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://www.mareainformativa.com/2018/01/30/hillenbrand-inc-hi-shares-sold-by-california-state-teachers-retirement-system-updated-updated-updated.html.

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.

Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

Receive News & Ratings for Hillenbrand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillenbrand and related companies with MarketBeat.com's FREE daily email newsletter.