Hillenbrand, Inc. (NYSE:HI) has earned an average rating of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $49.33.
Several research analysts have commented on HI shares. Zacks Investment Research lowered shares of Hillenbrand from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. ValuEngine raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Sidoti reduced their target price on shares of Hillenbrand from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th.
In related news, VP Christopher H. Trainor bought 3,500 shares of the stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average cost of $31.47 per share, with a total value of $110,145.00. Following the completion of the purchase, the vice president now owns 28,690 shares of the company’s stock, valued at $902,874.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Glennis A. Williams sold 1,993 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $33.25, for a total transaction of $66,267.25. The disclosure for this sale can be found here. 3.41% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Hong Kong Ltd bought a new stake in Hillenbrand during the 2nd quarter valued at $35,000. Quadrant Capital Group LLC increased its stake in shares of Hillenbrand by 753.1% during the third quarter. Quadrant Capital Group LLC now owns 1,220 shares of the company’s stock valued at $36,000 after buying an additional 1,077 shares during the period. FTB Advisors Inc. bought a new stake in shares of Hillenbrand in the second quarter valued at about $69,000. Meeder Asset Management Inc. raised its holdings in shares of Hillenbrand by 22.5% in the third quarter. Meeder Asset Management Inc. now owns 3,376 shares of the company’s stock valued at $104,000 after acquiring an additional 620 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in Hillenbrand in the third quarter worth about $114,000. Institutional investors own 83.66% of the company’s stock.
Shares of NYSE:HI traded up $0.15 on Monday, reaching $33.28. The company’s stock had a trading volume of 1,900,147 shares, compared to its average volume of 618,586. Hillenbrand has a 52-week low of $26.01 and a 52-week high of $46.00. The company has a market cap of $2.08 billion, a P/E ratio of 13.58 and a beta of 1.27. The company has a 50-day simple moving average of $32.28 and a 200 day simple moving average of $32.57. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.44 and a current ratio of 1.74.
Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, November 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.03. Hillenbrand had a net margin of 6.72% and a return on equity of 20.10%. The firm had revenue of $485.80 million for the quarter, compared to analysts’ expectations of $475.88 million. During the same period in the prior year, the company earned $0.67 EPS. The business’s revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts forecast that Hillenbrand will post 2.63 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.2125 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.85 annualized dividend and a yield of 2.55%. This is an increase from Hillenbrand’s previous quarterly dividend of $0.21. Hillenbrand’s dividend payout ratio (DPR) is presently 34.69%.
About Hillenbrand
Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.
Read More: What is a stock split?
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.
