The stock of Hillenbrand, Inc. (NYSE:HI) hit a new 52-week high and has $39.20 target or 8.00% above today’s $36.30 share price. The 7 months bullish chart indicates low risk for the $2.35B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $39.20 price target is reached, the company will be worth $188.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 131,927 shares traded hands. Hillenbrand, Inc. (NYSE:HI) has risen 19.37% since April 21, 2016 and is uptrending. It has outperformed by 14.04% the S&P500.
Analysts await Hillenbrand, Inc. (NYSE:HI) to report earnings on February, 7.
According to Zacks Investment Research, “HILLENBRAND, INC. is the holding company for Batesville Casket Company, a leader in the North American death care industry through the sale of funeral services products, including burial caskets, cremation caskets, containers and urns, selection room display fixturing and other personalization and memorialization products.”
Insitutional Activity: The institutional sentiment increased to 1.58 in Q2 2016. Its up 0.49, from 1.09 in 2016Q1. The ratio increased, as 16 funds sold all Hillenbrand, Inc. shares owned while 60 reduced positions. 20 funds bought stakes while 63 increased positions. They now own 48.34 million shares or 1.02% less from 48.84 million shares in 2016Q1.
Thomas White holds 0% of its portfolio in Hillenbrand, Inc. (NYSE:HI) for 190 shares. Eaton Vance Mngmt has invested 0% of its portfolio in Hillenbrand, Inc. (NYSE:HI). Great West Life Assurance Can has 0% invested in the company for 7,707 shares. Victory Capital Inc last reported 441,053 shares in the company. Fmr owns 3.76 million shares or 0.02% of their US portfolio. Louisiana State Employees Retirement last reported 0.04% of its portfolio in the stock. Envestnet Asset Mngmt accumulated 2,634 shares or 0% of the stock. Fifth Third Retail Bank holds 0.03% or 124,808 shares in its portfolio. Pub Sector Pension Board last reported 44,338 shares in the company. Schulhoff Communications Inc holds 9,000 shares or 0.17% of its portfolio. Carnegie Cap Asset Management Limited Liability last reported 17,000 shares in the company. Franklin Res holds 4.18 million shares or 0.07% of its portfolio. Jpmorgan Chase And has invested 0% of its portfolio in Hillenbrand, Inc. (NYSE:HI). Allianz Asset Mngmt Ag last reported 1.13M shares in the company. Amalgamated Natl Bank has 6,858 shares for 0.01% of their US portfolio.
Insider Transactions: Since May 27, 2016, the stock had 0 insider purchases, and 4 sales for $800,859 net activity. $120,000 worth of Hillenbrand, Inc. (NYSE:HI) shares were sold by BOHMAN DIANE R. Shares for $208,128 were sold by TRAINOR CHRISTOPHER H on Tuesday, July 12. 4,765 shares were sold by RYAN KIMBERLY K, worth $166,299. On Friday, May 27 the insider Raver Joe Anthony sold $980,425.
More news for Hillenbrand, Inc. (NYSE:HI) were recently published by: Marketwatch.com, which released: “Hillenbrand downgraded to neutral from long-term buy at Hilliard Lyons” on October 25, 2010. Prnewswire.com‘s article titled: “Hillenbrand Reports Fourth Quarter and Fiscal Year 2016 Results and Issues …” and published on November 16, 2016 is yet another important article.
HI Company Profile
Hillenbrand, Inc. (Hillenbrand), incorporated on November 1, 2007, is a global diversified industrial firm that makes and sells business-to-business services and products for a wide variety of industries. The Firm has two divisions: the Process Equipment Group and Batesville.
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