Shares of Hillenbrand Inc (NYSE:HI) have received a consensus rating of “Hold” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $50.00.
A number of analysts have recently issued reports on HI shares. Zacks Investment Research raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. B. Riley reaffirmed a “buy” rating and set a $50.00 price objective (up previously from $46.00) on shares of Hillenbrand in a research report on Friday, November 10th. Finally, Capital One Financial began coverage on shares of Hillenbrand in a research report on Monday, October 23rd. They set an “equal weight” rating on the stock.
In related news, SVP Diane R. Bohman sold 6,873 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $43.50, for a total transaction of $298,975.50. Following the transaction, the senior vice president now owns 36,544 shares of the company’s stock, valued at $1,589,664. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Joe Anthony Raver sold 34,565 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $43.25, for a total transaction of $1,494,936.25. The disclosure for this sale can be found here. 1.74% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Balyasny Asset Management LLC bought a new position in Hillenbrand during the second quarter valued at approximately $206,000. Chicago Equity Partners LLC raised its position in Hillenbrand by 1,212.6% during the second quarter. Chicago Equity Partners LLC now owns 101,795 shares of the company’s stock valued at $3,675,000 after acquiring an additional 94,040 shares in the last quarter. Koch Industries Inc. bought a new position in Hillenbrand during the second quarter valued at approximately $308,000. Schroder Investment Management Group raised its position in Hillenbrand by 6.3% during the second quarter. Schroder Investment Management Group now owns 1,305,211 shares of the company’s stock valued at $47,183,000 after acquiring an additional 77,200 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Hillenbrand by 2.5% during the second quarter. Rhumbline Advisers now owns 123,626 shares of the company’s stock valued at $4,463,000 after acquiring an additional 3,059 shares in the last quarter. 76.34% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Hillenbrand (HI) opened at $44.85 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.58. The stock has a market cap of $2,870.71, a P/E ratio of 21.69 and a beta of 1.40. Hillenbrand has a 52-week low of $34.65 and a 52-week high of $45.80.
Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, November 15th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $442.90 million during the quarter, compared to analyst estimates of $427.45 million. Hillenbrand had a net margin of 7.94% and a return on equity of 19.26%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 earnings per share. research analysts anticipate that Hillenbrand will post 2.23 EPS for the current fiscal year.
Hillenbrand Company Profile
Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
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