Hillenbrand, Inc. (NYSE:HI) insider Joe Anthony Raver sold 33,931 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $47.04, for a total transaction of $1,596,114.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Hillenbrand, Inc. (HI) traded down $0.50 during trading hours on Wednesday, hitting $46.40. 282,441 shares of the stock were exchanged, compared to its average volume of 286,775. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.92 and a current ratio of 1.24. Hillenbrand, Inc. has a fifty-two week low of $34.65 and a fifty-two week high of $48.00. The firm has a market cap of $2,956.16, a PE ratio of 21.13 and a beta of 1.26.
Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.05. Hillenbrand had a net margin of 7.52% and a return on equity of 19.51%. The business had revenue of $397.20 million for the quarter, compared to analysts’ expectations of $384.30 million. During the same period in the prior year, the company posted $0.42 EPS. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. analysts forecast that Hillenbrand, Inc. will post 2.36 EPS for the current year.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Hillenbrand from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. ValuEngine raised shares of Hillenbrand from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, B. Riley upped their price target on shares of Hillenbrand from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $51.50.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Harvest Fund Management Co. Ltd acquired a new stake in Hillenbrand in the 4th quarter valued at about $110,000. Public Employees Retirement System of Ohio grew its stake in 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. acquired a new stake in Hillenbrand in the 4th quarter valued at about $183,000. Teacher Retirement System of Texas acquired a new stake in Hillenbrand in the 3rd quarter valued at about $202,000. Finally, CIBC Asset Management Inc acquired a new stake in Hillenbrand in the 3rd quarter valued at about $204,000. 78.10% of the stock is currently owned by hedge funds and other 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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