Bridgewater Associates LP Sells 4,972 Shares of Hillenbrand, Inc. (NYSE:HI)

Bridgewater Associates LP reduced its position in shares of Hillenbrand, Inc. (NYSE:HI) by 27.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,044 shares of the company’s stock after selling 4,972 shares during the quarter. Bridgewater Associates LP’s holdings in Hillenbrand were worth $363,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Tidal Investments LLC acquired a new position in shares of Hillenbrand in the 1st quarter valued at $281,000. GAMMA Investing LLC grew its holdings in shares of Hillenbrand by 58.2% during the 2nd quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock worth $28,000 after purchasing an additional 262 shares during the period. Valeo Financial Advisors LLC increased its holdings in Hillenbrand by 1.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 72,306 shares of the company’s stock valued at $2,894,000 after purchasing an additional 780 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Hillenbrand by 327.8% in the 2nd quarter. SG Americas Securities LLC now owns 17,903 shares of the company’s stock valued at $716,000 after buying an additional 13,718 shares during the period. Finally, Twelve Points Wealth Management LLC increased its stake in Hillenbrand by 13.2% during the 2nd quarter. Twelve Points Wealth Management LLC now owns 31,046 shares of the company’s stock worth $1,242,000 after buying an additional 3,610 shares during the period. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Hillenbrand Stock Performance

Hillenbrand stock opened at $34.77 on Tuesday. The stock’s 50 day moving average price is $29.40 and its 200 day moving average price is $35.17. The firm has a market capitalization of $2.44 billion, a PE ratio of -11.63 and a beta of 1.38. Hillenbrand, Inc. has a one year low of $25.11 and a one year high of $50.58. 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 (NYSE:HI) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.08. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. The company had revenue of $837.60 million for the quarter, compared to the consensus estimate of $793.38 million. During the same period in the previous year, the business earned $1.13 EPS. Hillenbrand’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, sell-side analysts expect that Hillenbrand, Inc. will post 3.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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