Texas Permanent School Fund Reduces Position in Hillenbrand, Inc. (HI)

Texas Permanent School Fund lessened its stake in Hillenbrand, Inc. (NYSE:HI) by 2.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 39,206 shares of the company’s stock after selling 1,140 shares during the period. Texas Permanent School Fund’s holdings in Hillenbrand were worth $2,050,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of HI. Fort L.P. acquired a new position in shares of Hillenbrand in the second quarter worth $119,000. Itau Unibanco Holding S.A. acquired a new position in shares of Hillenbrand in the second quarter worth $134,000. AMP Capital Investors Ltd acquired a new position in shares of Hillenbrand in the second quarter worth $231,000. We Are One Seven LLC acquired a new position in shares of Hillenbrand in the third quarter worth $244,000. Finally, Macquarie Group Ltd. grew its stake in shares of Hillenbrand by 23.3% in the second quarter. Macquarie Group Ltd. now owns 5,300 shares of the company’s stock worth $250,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 75.27% of the company’s stock.

Shares of HI stock opened at $49.31 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.22 and a quick ratio of 0.89. The firm has a market cap of $3.02 billion, a P/E ratio of 23.37 and a beta of 1.26. Hillenbrand, Inc. has a 12 month low of $38.15 and a 12 month high of $53.41.

Several equities analysts have commented on the stock. Sidoti downgraded shares of Hillenbrand from a “buy” rating to a “neutral” rating and set a $57.00 price target for the company. in a research note on Wednesday, August 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Hillenbrand from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Friday, August 3rd. B. Riley set a $62.00 target price on shares of Hillenbrand and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Finally, TheStreet upgraded shares of Hillenbrand from a “c+” rating to an “a-” rating in a research note on Thursday, August 2nd. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $59.00.

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About Hillenbrand

Hillenbrand, Inc operates as a diversified industrial company worldwide. 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, and forest products.

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Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

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