Could Hillenbrand, Inc. (HI) Change Direction After Reaching All Time High?

April 17, 2018 - By Jason Grubb

Hillenbrand, Inc. (NYSE:HI) Logo

Investors sentiment increased to 1.54 in 2017 Q4. Its up 0.09, from 1.45 in 2017Q3. It increased, as 11 investors sold Hillenbrand, Inc. shares while 65 reduced holdings. 44 funds opened positions while 73 raised stakes. 47.74 million shares or 0.00% more from 47.74 million shares in 2017Q3 were reported.
Glenmede Tru Com Na invested in 701,550 shares or 0.13% of the stock. Mason Street Advisors Lc holds 0.02% of its portfolio in Hillenbrand, Inc. (NYSE:HI) for 16,393 shares. Mirador Capital Prtnrs Ltd Partnership owns 27,255 shares or 0.67% of their US portfolio. Citadel Advisors Limited Liability Corp holds 0% in Hillenbrand, Inc. (NYSE:HI) or 99,307 shares. Vaughan Nelson Inv Lp reported 787,300 shares. Pinebridge Invests Limited Partnership holds 19,704 shares or 0.02% of its portfolio. Ameriprise has invested 0.01% in Hillenbrand, Inc. (NYSE:HI). Cornercap Counsel stated it has 20,460 shares or 0.13% of all its holdings. Jensen Mgmt, Oregon-based fund reported 17,970 shares. Point72 Asia (Hong Kong) stated it has 737 shares. Citigroup owns 0% invested in Hillenbrand, Inc. (NYSE:HI) for 34,119 shares. Parkside Bankshares holds 0% or 273 shares. Manufacturers Life Insur Com The stated it has 0% in Hillenbrand, Inc. (NYSE:HI). State Of Tennessee Treasury Department stated it has 66,718 shares. Ls Invest Advisors Limited Liability Company stated it has 0% of its portfolio in Hillenbrand, Inc. (NYSE:HI).

Since February 5, 2018, it had 0 insider purchases, and 3 sales for $1.85 million activity. On Monday, February 5 TEEGARDEN ERIC M sold $230,337 worth of Hillenbrand, Inc. (NYSE:HI) or 5,177 shares. Raver Joe Anthony had sold 33,931 shares worth $1.60M on Monday, March 12.

The stock of Hillenbrand, Inc. (NYSE:HI) reached all time high today, Apr, 17 and still has $51.73 target or 7.00 % above today’s $48.35 share price. This indicates more upside for the $3.05B company. This technical setup was reported by If the $51.73 PT is reached, the company will be worth $213.36 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.68% or $0.8 during the last trading session, reaching $48.35. About 172,238 shares traded. Hillenbrand, Inc. (NYSE:HI) has risen 27.16% since April 17, 2017 and is uptrending. It has outperformed by 15.61% the S&P500.

Analysts await Hillenbrand, Inc. (NYSE:HI) to report earnings on May, 2. They expect $0.60 EPS, up 13.21 % or $0.07 from last year’s $0.53 per share. HI’s profit will be $37.82 million for 20.15 P/E if the $0.60 EPS becomes a reality. After $0.54 actual EPS reported by Hillenbrand, Inc. for the previous quarter, Wall Street now forecasts 11.11 % EPS growth.

Hillenbrand, Inc. operates as a diversified industrial firm worldwide. The company has market cap of $3.05 billion. The firm operates in two divisions, Process Equipment Group and Batesville. It has a 25.31 P/E ratio. The Process Equipment Group segment designs, engineers, makes, 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.

Hillenbrand, Inc. (NYSE:HI) Institutional Positions Chart

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