21,468 Shares in Hillenbrand Inc (NYSE:HI) Acquired by TD Asset Management Inc

Key Points

• TD Asset Management Inc purchased 21,468 shares of Hillenbrand Inc, valued at approximately $518,000, marking a notable investment in the company during the first quarter.
• Several hedge funds, including Fuller & Thaler Asset Management Inc and New York State Common Retirement Fund, have increased their holdings in Hillenbrand, with institutional investors now owning 89.09% of the company's stock.
• Analysts have revised target prices for Hillenbrand, with DA Davidson lowering its price target from $33.00 to $24.00 and changing its rating to "neutral."

TD Asset Management Inc acquired a new position in shares of Hillenbrand Inc (NYSE:HI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 21,468 shares of the company's stock, valued at approximately $518,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of HI. CWM LLC grew its position in Hillenbrand by 6.4% during the first quarter. CWM LLC now owns 10,063 shares of the company's stock worth $243,000 after buying an additional 608 shares in the last quarter. Bank of Montreal Can raised its holdings in Hillenbrand by 6.1% in the 4th quarter. Bank of Montreal Can now owns 13,039 shares of the company's stock valued at $401,000 after acquiring an additional 746 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Hillenbrand by 8.8% during the 4th quarter. Cetera Investment Advisers now owns 9,574 shares of the company's stock valued at $295,000 after acquiring an additional 773 shares during the period. GAMMA Investing LLC grew 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 worth $47,000 after purchasing an additional 781 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its position in shares of Hillenbrand by 6.1% in the first quarter. OneDigital Investment Advisors LLC now owns 13,825 shares of the company's stock worth $334,000 after purchasing an additional 793 shares during the period. Institutional investors and hedge funds own 89.09% of the company's stock.

Analyst Upgrades and Downgrades

HI has been the topic of several recent analyst reports. DA Davidson decreased their target price on shares of Hillenbrand from $33.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. KeyCorp lowered shares of Hillenbrand from an "overweight" rating to a "sector weight" rating in a research report on Thursday, May 8th.

Hillenbrand Trading Down 0.1%

Shares of HI stock traded down $0.02 during trading hours on Friday, hitting $19.83. 199,236 shares of the company's stock traded hands, compared to its average volume of 504,666. The stock has a market cap of $1.40 billion, a PE ratio of -5.20 and a beta of 1.46. The stock's 50 day simple moving average is $20.96 and its 200 day simple moving average is $24.18. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.39. Hillenbrand Inc has a 12 month low of $18.36 and a 12 month high of $36.53.

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.