SCHEDULE: Clarkston Entities Report 4.74% Stake in Hillenbrand

Clarkston Capital Partners and affiliated entities have disclosed a 4.74% beneficial ownership stake in Hillenbrand, Inc. common stock.

Summary

• Clarkston Capital Partners, LLC, Clarkston Companies, Inc., Modell Capital LLC, and individuals Jeffrey A. Hakala, Gerald W. Hakala, and Jeremy J. Modell collectively beneficially own 3,346,801 shares of Hillenbrand, Inc. common stock.
• This aggregate ownership represents 4.74% of the outstanding common stock, based on 70,482,047 shares outstanding as of August 1, 2025, as reported by Hillenbrand, Inc. in its Form 10-Q.
• The reporting persons hold these shares in the ordinary course of business and not for the purpose of changing or influencing the control of Hillenbrand, Inc.
• Clarkston Capital Partners holds shares on behalf of its discretionary clients, who retain the right to receive dividends and proceeds from the sale of such securities.

Sentiment

Score: 7

Explanation: The filing indicates a significant, passive institutional investment by a group of entities, which can be viewed positively as a vote of confidence in the company. The investment is stated to be in the ordinary course of business, not for control, suggesting stability.

Positives

• Increased institutional ownership by Clarkston Capital Partners and its affiliates, indicating a vote of confidence in Hillenbrand, Inc.
• The investment is stated to be for ordinary course of business, not for control, suggesting a passive and potentially long-term investment perspective.

Negatives

• No specific negatives are disclosed in this beneficial ownership report, as it primarily details ownership structure rather than operational or financial performance.

Risks

• This filing does not contain specific risks related to Hillenbrand, Inc.'s operations or financial health; it is a disclosure of beneficial ownership.

Future Outlook

This Schedule 13G filing does not provide any forward-looking statements or guidance regarding Hillenbrand, Inc.'s future performance or strategic outlook.

Industry Context

This filing is a routine disclosure of beneficial ownership by an investment firm and its affiliates, reflecting their investment position in Hillenbrand, Inc. It does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: Increased institutional ownership may be perceived as a positive signal, potentially boosting investor confidence and market perception of the company.

Key Dates

Recommendation

The filing indicates a substantial, passive investment by Clarkston Capital Partners and affiliated entities, signaling confidence in Hillenbrand, Inc. While this is a positive indicator of institutional interest, a Schedule 13G does not provide operational or financial performance details to warrant a 'buy' or 'sell' recommendation. It primarily confirms a significant, non-activist stake, suggesting a 'hold' position for existing investors based on this specific disclosure.

Keywords

Hillenbrand Inc, HBI, Clarkston Capital Partners, Beneficial Ownership, Institutional Investment, SEC Filing, Schedule 13G, Common Stock, Investment Management