Hillenbrand Inc $HI Shares Bought by Channing Capital Management LLC

Key Points

• Channing Capital Management LLC increased its stake in Hillenbrand Inc by 224.0%, acquiring an additional 1,502,548 shares, leading to a total ownership of about 3.08% worth $52.5 million.
• Other institutional investors have also shown interest, with significant increases in holdings, resulting in institutional ownership now at 89.09%.
• Hillenbrand reported earnings of $0.51 per share for the last quarter, slightly exceeding analyst predictions, but showed a 23.9% decline in revenue year-over-year.

Channing Capital Management LLC lifted its stake in shares of Hillenbrand Inc (NYSE:HI - Free Report) by 224.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,173,373 shares of the company's stock after buying an additional 1,502,548 shares during the quarter. Channing Capital Management LLC owned 3.08% of Hillenbrand worth $52,465,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of Hillenbrand by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 350,973 shares of the company's stock valued at $8,472,000 after buying an additional 9,615 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Hillenbrand by 5.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,142,805 shares of the company's stock valued at $27,587,000 after buying an additional 57,987 shares during the period. Palisade Capital Management LP raised its holdings in shares of Hillenbrand by 28.8% during the 1st quarter. Palisade Capital Management LP now owns 439,477 shares of the company's stock valued at $10,609,000 after buying an additional 98,175 shares during the period. Twelve Points Wealth Management LLC raised its holdings in shares of Hillenbrand by 62.9% during the 1st quarter. Twelve Points Wealth Management LLC now owns 73,629 shares of the company's stock valued at $1,777,000 after buying an additional 28,422 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Hillenbrand by 65.9% during the 1st quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock valued at $47,000 after buying an additional 781 shares during the period. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. KeyCorp downgraded Hillenbrand from an "overweight" rating to a "sector weight" rating in a report on Thursday, May 8th. DA Davidson dropped their target price on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $32.00.

Hillenbrand Stock Down 0.5%

NYSE HI traded down $0.13 during mid-day trading on Tuesday, reaching $25.23. 99,404 shares of the company's stock traded hands, compared to its average volume of 533,767. Hillenbrand Inc has a 1-year low of $18.36 and a 1-year high of $35.59. The company has a fifty day simple moving average of $21.89 and a 200-day simple moving average of $23.24. The company has a current ratio of 1.25, a quick ratio of 0.87 and a debt-to-equity ratio of 1.23. The company has a market cap of $1.78 billion, a price-to-earnings ratio of -100.84 and a beta of 1.46.

Hillenbrand (NYSE:HI - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.01. Hillenbrand had a positive return on equity of 13.53% and a negative net margin of 0.63%.The firm had revenue of $598.90 million during the quarter, compared to analyst estimates of $572.48 million. During the same quarter last year, the firm earned $0.85 EPS. Hillenbrand's quarterly revenue was down 23.9% on a year-over-year basis. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. As a group, equities research analysts expect that Hillenbrand Inc will post 2.53 EPS for the current year.

About Hillenbrand

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.