Hillenbrand Inc $HI Shares Sold by Vanguard Group Inc.

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. trimmed its holdings in shares of Hillenbrand Inc (NYSE:HI - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,474,067 shares of the company's stock after selling 192,307 shares during the quarter. Vanguard Group Inc. owned 12.03% of Hillenbrand worth $204,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Hillenbrand by 10.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,347 shares of the company's stock worth $467,000 after buying an additional 1,808 shares during the last quarter. TD Asset Management Inc purchased a new position in Hillenbrand during the 1st quarter worth $518,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Hillenbrand during the 1st quarter worth $686,000. Bernzott Capital Advisors raised its stake in Hillenbrand by 11.2% in the 1st quarter. Bernzott Capital Advisors now owns 224,574 shares of the company's stock worth $5,421,000 after acquiring an additional 22,539 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in Hillenbrand by 26.9% in the 1st quarter. Verdence Capital Advisors LLC now owns 8,989 shares of the company's stock worth $217,000 after acquiring an additional 1,905 shares during the last quarter. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Hillenbrand Trading Up 5.9%

NYSE HI traded up $1.4530 during trading hours on Friday, reaching $26.0430. The company had a trading volume of 683,075 shares, compared to its average volume of 726,018. The stock has a 50-day moving average of $21.79 and a 200 day moving average of $23.34. Hillenbrand Inc has a 1-year low of $18.36 and a 1-year high of $35.59. 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 stock has a market capitalization of $1.84 billion, a P/E ratio of -104.17 and a beta of 1.46.

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

Analyst Ratings Changes

HI has been the subject of a number of research analyst reports. DA Davidson reduced their target price on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. KeyCorp lowered Hillenbrand from an "overweight" rating to a "sector weight" rating in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company 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.