Vanguard Group Inc. Sells 192,307 Shares of Hillenbrand Inc $HI

Key Points

• Vanguard Group Inc. has reduced its stock holdings in Hillenbrand Inc. by 2.2% in Q1, now owning approximately 12.03% of the company, which is valued at about $204.5 million.
• Hillenbrand reported earnings of $0.51 per share for the latest quarter, exceeding estimates but showing a 23.9% decline in revenue year-over-year.
• Analysts have now set a consensus rating of "Hold" for Hillenbrand, with an average price target of $32.00, following recent downgrades from some firms.

Vanguard Group Inc. lessened its stake in Hillenbrand Inc (NYSE:HI - Free Report) by 2.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,474,067 shares of the company's stock after selling 192,307 shares during the quarter. Vanguard Group Inc. owned approximately 12.03% of Hillenbrand worth $204,564,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. raised its stake in Hillenbrand by 10.4% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,116,444 shares of the company's stock valued at $126,704,000 after purchasing an additional 387,048 shares in the last quarter. Victory Capital Management Inc. raised its stake in Hillenbrand by 0.7% during the first quarter. Victory Capital Management Inc. now owns 2,579,576 shares of the company's stock valued at $62,271,000 after purchasing an additional 18,356 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Hillenbrand by 4.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,563,412 shares of the company's stock valued at $78,902,000 after purchasing an additional 111,953 shares in the last quarter. Northern Trust Corp raised its stake in Hillenbrand by 24.4% during the fourth quarter. Northern Trust Corp now owns 900,666 shares of the company's stock valued at $27,722,000 after purchasing an additional 176,482 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in Hillenbrand by 130.6% during the first quarter. New York State Common Retirement Fund now owns 643,506 shares of the company's stock valued at $15,534,000 after purchasing an additional 364,461 shares in the last quarter. Hedge funds and other institutional investors own 89.09% of the company's stock.

Hillenbrand Trading Down 2.8%

HI stock traded down $0.7350 during mid-day trading on Monday, reaching $25.3450. 378,115 shares of the stock traded hands, compared to its average volume of 744,906. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.87 and a current ratio of 1.25. Hillenbrand Inc has a one year low of $18.36 and a one year high of $35.59. The stock has a market capitalization of $1.79 billion, a PE ratio of -101.38 and a beta of 1.46. The business has a 50-day moving average price of $21.89 and a two-hundred day moving average price of $23.24.

Hillenbrand (NYSE:HI - Get Free Report) last posted 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. The business had revenue of $598.90 million for the quarter, compared to analysts' expectations of $572.48 million. Hillenbrand had a negative net margin of 0.63% and a positive return on equity of 13.53%. The business's revenue was down 23.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 earnings per share. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. Equities research analysts expect that Hillenbrand Inc will post 2.53 EPS for the current year.

Wall Street Analyst Weigh In

HI has been the topic of a number of recent research reports. KeyCorp downgraded shares of Hillenbrand from an "overweight" rating to a "sector weight" rating in a research note on Thursday, May 8th. DA Davidson decreased their price target on shares of Hillenbrand from $33.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $32.00.

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.