Hillenbrand (NYSE:HI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The brokerage currently has a $50.00 price target on the stock. Zacks Investment Research‘s price target indicates a potential upside of 9.29% from the company’s current price.
According to Zacks, “Hillenbrand is a global diversified industrial company with multiple market-leading brands that serve a wide variety of industries across the globe. Hillenbrand’s portfolio is comprised of two business segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service highly engineered industrial equipment around the world. Batesville is a recognized leader in the North American death care industry. They pursue profitable growth and robust cash generation driving increased value for their shareholders. Hillenbrand is publicly traded on the NYSE under HI. “
HI has been the topic of several other research reports. ValuEngine raised Hillenbrand from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. B. Riley increased their target price on Hillenbrand from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, Capital One Financial initiated coverage on Hillenbrand in a research note on Monday, October 23rd. They set an “equal weight” rating on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $51.50.
Hillenbrand (NYSE HI) opened at $45.75 on Thursday. The firm has a market capitalization of $2,870.00, a price-to-earnings ratio of 23.83 and a beta of 1.31. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.62. Hillenbrand has a twelve month low of $34.65 and a twelve month high of $46.50.
Hillenbrand (NYSE:HI) last released its quarterly earnings results on Wednesday, January 31st. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The business had revenue of $397.20 million during the quarter, compared to analysts’ expectations of $384.30 million. Hillenbrand had a return on equity of 19.51% and a net margin of 7.52%. The company’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.42 EPS. research analysts predict that Hillenbrand will post 2.36 earnings per share for the current year.
In other Hillenbrand news, VP Eric M. Teegarden sold 5,177 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $44.49, for a total value of $230,324.73. Following the sale, the vice president now owns 3,531 shares of the company’s stock, valued at approximately $157,094.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joe Anthony Raver sold 34,565 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $43.25, for a total value of $1,494,936.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,615 shares of company stock worth $2,024,236. 1.81% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Harvest Fund Management Co. Ltd purchased a new position in shares of Hillenbrand in the 4th quarter valued at about $110,000. Public Employees Retirement System of Ohio increased its holdings in shares of Hillenbrand by 6.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,771 shares of the company’s stock valued at $136,000 after acquiring an additional 230 shares during the last quarter. Bessemer Group Inc. purchased a new position in shares of Hillenbrand in the 4th quarter valued at about $183,000. Everence Capital Management Inc. purchased a new position in shares of Hillenbrand in the 3rd quarter valued at about $200,000. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of Hillenbrand by 9.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,560 shares of the company’s stock valued at $201,000 after acquiring an additional 460 shares during the last quarter. 74.31% of the stock is currently owned by institutional investors.
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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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