Analyzing Hillenbrand Inc. (HI) After Recent Trading Activity


In a filing, Hillenbrand Inc. revealed its Sr. VP Strategy & Corp Dev Whitted J Michael unloaded Company’s shares for reported $0.21 million on Jun 15. In the deal valued at $51.50 per share,4,000 shares were sold. As a result of this transaction, Whitted J Michael now holds 20,309 shares worth roughly $ 0.99 million.

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Then, An-Heid Ling sold 46,444 shares, generating $2,435,756 in total proceeds. Upon selling the shares at $52.45, the Senior Vice President now owns 17,311 shares.

Before that, Whitted J Michael sold 4,000 shares. Hillenbrand Inc. shares valued at $208,924 were divested by the Sr. VP Strategy & Corp Dev at a price of $52.23 per share. As a result of the transaction, Whitted J Michael now holds 24,309 shares, worth roughly $1.18 million.

Barrington Research initiated its Hillenbrand Inc. [HI] rating to an Outperform in a research note published on Friday, October 14, 2020; the price target was $44. PT values the company’s stock at a premium of -10.27 to its Friday closing price.

Price Performance Review of HI

On Friday, Hillenbrand Inc. [NYSE:HI] saw its stock jump 0.17% to $48.52. On the same session, the stock had its day’s lowest price of $48.51, but rose to a high of $49.30. Over the last five days, the stock has gained 3.90%. Hillenbrand Inc. shares have risen nearly 13.71% since the year began. Nevertheless, the stocks have risen 16.44% over the past one year. While a 52-week high of $53.76 was reached on 06/07/23, a 52-week low of $36.16 was recorded on 01/05/23. SMA at 50 days reached $49.45, while 200 days put it at $47.53. A total of 0.18 million shares were traded, compared to the trading of 0.32 million shares in the previous session.

Levels Of Support And Resistance For HI Stock

The 24-hour chart illustrates a support level at 48.25, which if violated will result in even more drops to 47.99. On the upside, there is a resistance level at 49.04. A further resistance level may holdings at 49.57. The Relative Strength Index (RSI) on the 14-day chart is 55.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.52%. Stochastics %K at 88.37% indicates the stock is a selling.

How much short interest is there in Hillenbrand Inc.?

A steep rise in short interest was recorded in Hillenbrand Inc. stocks on Aug 14, 2023, dropping by 22720.0 shares to a total of 0.77 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.8 million shares. There was a decline of -2.94%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.56% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.57.

Hillenbrand Inc. [HI] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 9,937,220 shares, or roughly 14.28% of the outstanding HI shares. In other words, the investor’s shares have fallen by -138,882 from its previous 13-F filing of 10076102.0. Additionally, The Vanguard Group, Inc. decreased -1.03% of its stake after which the total value it holdings stand at $387,185,899, while Clarkston Capital Partners LLC reduced -1.14% of its stake to hold $267.3 million in the firm. Over the last quarter, Fidelity Management & Research Co purchased 2,048,332 shares of Hillenbrand Inc., while SSgA Funds Management, Inc. bought 9,927 shares. At present, Janus Henderson Investors US LLC is holding 2,213,714 shares valued at $114.98 million. Victory Capital Management, Inc. owned 2,175,531 shares of the company at the time of its most recent 13F filing, worth $113.0 million.

According to FactSet, Hillenbrand Inc.’s share price will average $68.67 in the next year, based on opinions of analysts polled by the firm. This is up nearly 30.06 percent from its previous closing price of $48.44. Analysts expect Hillenbrand Inc. stock to reach the higher price of $81.00, while the lowest price estimate is $62.00. However, 3 analysts have rated HI stock as a Buy in their predictions for 2023.


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