The stock of Hillenbrand, Inc. (NYSE:HI) hit a new 52-week high and has $49.10 target or 44.00% above today’s $34.10 share price. The 8 months bullish chart indicates low risk for the $2.17 billion company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $49.10 price target is reached, the company will be worth $954.80 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 335,755 shares traded hands or 88.56% up from the average. Hillenbrand, Inc. (NYSE:HI) has risen 10.64% since April 15, 2016 and is uptrending. It has outperformed by 6.01% the S&P500.
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 decreased to 1.09 in 2016 Q2. Its down 0.02, from 1.11 in 2016Q1. The ratio is negative, 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.
Texas Yale Capital accumulated 43,092 shares or 0.13% of the stock. New York State Teachers Retirement System, a New York-based fund reported 191,157 shares. Moreover, Lingohr Partner Asset Mngmt Gmbh has 0.55% invested in Hillenbrand, Inc. (NYSE:HI) for 18,000 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 1,438 shares. Alliancebernstein Lp has invested 0% of its portfolio in Hillenbrand, Inc. (NYSE:HI). Nationwide Fund Advisors accumulated 0.01% or 38,923 shares. Jefferies Group Inc Limited Company has 7,289 shares for 0% of their US portfolio. Pinebridge Invests L P owns 7,991 shares or 0.01% of their US portfolio. The Germany-based Deutsche Bank Ag has invested 0.01% in Hillenbrand, Inc. (NYSE:HI). The Florida-based Raymond James Tru Na has invested 0.02% in Hillenbrand, Inc. (NYSE:HI). Cap Mngmt has 0.73% invested in the company for 14,200 shares. Teacher Retirement Of Texas holds 8,800 shares or 0% of its portfolio. Susquehanna Group Limited Liability Partnership owns 40,816 shares or 0% of their US portfolio. Brandywine Global Invest Mngmt Limited Liability Co has 0.06% invested in the company for 272,298 shares. Blackrock has 4,729 shares for 0% of their US portfolio.
Insider Transactions: Since May 27, 2016, the stock had 0 insider purchases, and 4 selling transactions for $1.61 million net activity. The insider TRAINOR CHRISTOPHER H sold $208,128. $980,425 worth of shares were sold by Raver Joe Anthony on Friday, May 27. Shares for $306,432 were sold by BOHMAN DIANE R.
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. Equitiesfocus.com‘s article titled: “Hillenbrand Inc (NYSE:HI) Quarterly EPS From Continuing Operations Stands At …” 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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