Monarch Partners Asset Management LLC purchased a new position in Hillenbrand, Inc. (NYSE:HI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 389,100 shares of the company’s stock, valued at approximately $12,015,000. Hillenbrand comprises approximately 1.8% of Monarch Partners Asset Management LLC’s holdings, making the stock its 7th largest position. Monarch Partners Asset Management LLC owned 0.62% of Hillenbrand at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. First Trust Advisors LP acquired a new position in shares of Hillenbrand in the 3rd quarter valued at about $1,705,000. Mirador Capital Partners LP lifted its stake in shares of Hillenbrand by 139.9% in the 3rd quarter. Mirador Capital Partners LP now owns 71,586 shares of the company’s stock valued at $2,211,000 after purchasing an additional 41,743 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Hillenbrand by 23.2% in the 3rd quarter. California Public Employees Retirement System now owns 177,432 shares of the company’s stock valued at $5,479,000 after purchasing an additional 33,440 shares in the last quarter. Skylands Capital LLC acquired a new position in shares of Hillenbrand in the 3rd quarter valued at about $584,000. Finally, Dupont Capital Management Corp acquired a new position in shares of Hillenbrand in the 3rd quarter valued at about $2,441,000. 78.46% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on the company. TheStreet lowered Hillenbrand from a “b-” rating to a “c+” rating in a research note on Friday, August 9th. ValuEngine raised Hillenbrand from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research lowered Hillenbrand from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Finally, DA Davidson raised Hillenbrand from a “neutral” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $48.00.
Hillenbrand stock traded down $0.40 during midday trading on Friday, hitting $33.01. 285,297 shares of the company were exchanged, compared to its average volume of 442,297. The company’s fifty day moving average price is $30.60 and its 200-day moving average price is $34.20. The company has a market cap of $2.09 billion, a PE ratio of 13.58 and a beta of 1.26. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 0.90. Hillenbrand, Inc. has a fifty-two week low of $26.01 and a fifty-two week high of $50.23.
Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.
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