Glenmede Trust Co. NA Has $9.05 Million Stock Holdings in Hillenbrand, Inc. (NYSE:HI)

Glenmede Trust Co. NA decreased its stake in Hillenbrand, Inc. (NYSE:HI) by 1.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 325,644 shares of the company’s stock after selling 3,672 shares during the quarter. Glenmede Trust Co. NA owned 0.46% of Hillenbrand worth $9,053,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of HI. Matrix Trust Co acquired a new position in shares of Hillenbrand in the third quarter worth about $25,000. GAMMA Investing LLC lifted its position in shares of Hillenbrand by 58.2% in the 2nd quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock valued at $28,000 after acquiring an additional 262 shares in the last quarter. Kennebec Savings Bank acquired a new position in Hillenbrand in the 3rd quarter worth approximately $48,000. KBC Group NV grew its position in Hillenbrand by 32.2% during the 3rd quarter. KBC Group NV now owns 2,263 shares of the company’s stock worth $63,000 after purchasing an additional 551 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in Hillenbrand during the 3rd quarter valued at $75,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Hillenbrand Trading Up 0.7 %

NYSE HI opened at $34.06 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. Hillenbrand, Inc. has a 1-year low of $25.11 and a 1-year high of $50.58. The firm’s fifty day simple moving average is $29.24 and its 200-day simple moving average is $35.38. The company has a market capitalization of $2.39 billion, a PE ratio of -11.39 and a beta of 1.38.

Hillenbrand (NYSE:HI) last issued its earnings results on Wednesday, November 13th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.08. The company had revenue of $837.60 million for the quarter, compared to analyst estimates 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 in the prior year, the firm posted $1.13 EPS. As a group, sell-side analysts anticipate that Hillenbrand, Inc. will post 3.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.