Hillenbrand (NYSE:HI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The brokerage presently has a $51.00 target price on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 14.35% from the stock’s previous close.

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. “

A number of other research firms also recently issued reports on HI. B. Riley reiterated a “buy” rating and issued a $50.00 target price (up previously from $46.00) on shares of Hillenbrand in a research report on Friday, November 10th. Capital One Financial began coverage on shares of Hillenbrand in a research report on Monday, October 23rd. They issued an “equal weight” rating for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $50.50.

Hillenbrand (NYSE:HI) traded up $0.31 during mid-day trading on Tuesday, reaching $44.60. 825,789 shares of the company’s stock were exchanged, compared to its average volume of 409,821. Hillenbrand has a 12 month low of $34.65 and a 12 month high of $46.50. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58. The stock has a market cap of $2,810.00, a P/E ratio of 21.24 and a beta of 1.41.

Hillenbrand (NYSE:HI) last released its 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. Hillenbrand had a net margin of 7.94% and a return on equity of 19.26%. The company had revenue of $442.90 million during the quarter, compared to the consensus estimate of $427.45 million. During the same quarter in the prior year, the firm earned $0.58 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. analysts expect that Hillenbrand will post 2.24 EPS for the current fiscal year.

In related news, insider Joe Anthony Raver sold 34,565 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $43.25, for a total value of $1,494,936.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Diane R. Bohman sold 6,873 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 36,544 shares in the company, valued at $1,589,664. The disclosure for this sale can be found here. Corporate insiders own 1.74% of the company’s stock.

A number of large investors have recently bought and sold shares of HI. Strs Ohio grew its position in Hillenbrand by 50.0% in the 2nd quarter. Strs Ohio now owns 3,000 shares of the company’s stock worth $108,000 after purchasing an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Hillenbrand by 9.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,226 shares of the company’s stock worth $116,000 after purchasing an additional 268 shares during the last quarter. IFP Advisors Inc grew its position in Hillenbrand by 1.0% in the 2nd quarter. IFP Advisors Inc now owns 3,608 shares of the company’s stock worth $130,000 after purchasing an additional 35 shares during the last quarter. Acrospire Investment Management LLC lifted its holdings in shares of Hillenbrand by 164.2% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,701 shares of the company’s stock worth $134,000 after acquiring an additional 2,300 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Hillenbrand by 6.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,771 shares of the company’s stock worth $136,000 after acquiring an additional 230 shares during the period. Institutional investors and hedge funds own 76.36% of the company’s stock.

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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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