Shares of Hillenbrand, Inc. (NYSE:HI) have been assigned an average rating of “Hold” from the seven research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $50.00.
A number of equities analysts have weighed in on HI shares. Zacks Investment Research lowered Hillenbrand from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Capital One Financial started coverage on Hillenbrand in a research note on Monday, October 23rd. They set an “equal weight” rating on the stock. B. Riley reissued a “buy” rating on shares of Hillenbrand in a research note on Wednesday, November 1st. Finally, ValuEngine raised Hillenbrand from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.
Shares of Hillenbrand (NYSE:HI) opened at $45.55 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.16 and a quick ratio of 0.86. The stock has a market capitalization of $2,879.49, a P/E ratio of 23.01 and a beta of 1.41. Hillenbrand has a 12 month low of $34.65 and a 12 month high of $46.50.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were paid a dividend of $0.2075 per share. The ex-dividend date was Friday, December 15th. This represents a $0.83 dividend on an annualized basis and a yield of 1.82%. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.21. Hillenbrand’s payout ratio is 41.92%.
In other Hillenbrand news, insider Joe Anthony Raver sold 34,565 shares of Hillenbrand stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $43.25, for a total value of $1,494,936.25. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Diane R. Bohman sold 6,873 shares of Hillenbrand stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $43.50, for a total value of $298,975.50. Following the completion of the sale, the senior vice president now owns 36,544 shares in the company, valued at approximately $1,589,664. The disclosure for this sale can be found here. Insiders own 1.81% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Hillenbrand by 9.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,226 shares of the company’s stock valued at $116,000 after buying an additional 268 shares during the period. Public Employees Retirement System of Ohio raised 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 buying an additional 230 shares during the period. Riverhead Capital Management LLC raised its holdings in shares of Hillenbrand by 63.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,896 shares of the company’s stock valued at $177,000 after buying an additional 1,896 shares during the period. Everence Capital Management Inc. purchased a new stake in shares of Hillenbrand in the 3rd quarter valued at $200,000. Finally, Ameritas Investment Partners Inc. raised 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 buying an additional 460 shares during the period. Hedge funds and other institutional investors own 76.10% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Hillenbrand, Inc. (HI) Given Consensus Rating of “Hold” by Brokerages” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.americanbankingnews.com/2018/01/22/hillenbrand-inc-hi-given-consensus-rating-of-hold-by-brokerages.html.
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.
Receive News & Ratings for Hillenbrand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillenbrand and related companies with MarketBeat.com's FREE daily email newsletter.