Hillenbrand, Inc. (HI) Given Consensus Rating of “Hold” by Brokerages

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.

Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Wednesday, November 15th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.04. The firm had revenue of $442.90 million for the quarter, compared to analyst estimates of $427.45 million. Hillenbrand had a return on equity of 19.26% and a net margin of 7.94%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.58 earnings per share. research analysts predict that Hillenbrand will post 2.25 EPS for the current fiscal year.

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.

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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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