Shares of Hillenbrand, Inc. (NYSE:HI) have been given a consensus recommendation of “Buy” by the six analysts that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $49.33.
HI has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Hillenbrand from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Sidoti dropped their price target on Hillenbrand from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Finally, ValuEngine raised Hillenbrand from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.
In related news, VP Glennis A. Williams sold 1,993 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $33.25, for a total transaction of $66,267.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher H. Trainor acquired 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were purchased at an average price of $31.47 per share, with a total value of $110,145.00. Following the completion of the acquisition, the vice president now owns 28,690 shares of the company’s stock, valued at approximately $902,874.30. The disclosure for this purchase can be found here. Insiders own 3.41% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Advisor Group Inc. lifted its holdings in shares of Hillenbrand by 20.6% during the 2nd quarter. Advisor Group Inc. now owns 3,818 shares of the company’s stock valued at $152,000 after buying an additional 651 shares during the last quarter. Swiss National Bank lifted its stake in Hillenbrand by 2.3% in the second quarter. Swiss National Bank now owns 116,300 shares of the company’s stock valued at $4,602,000 after acquiring an additional 2,600 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in Hillenbrand in the second quarter worth approximately $768,000. Everence Capital Management Inc. grew its position in Hillenbrand by 28.9% in the second quarter. Everence Capital Management Inc. now owns 12,210 shares of the company’s stock worth $483,000 after acquiring an additional 2,740 shares in the last quarter. Finally, Chicago Equity Partners LLC increased its stake in shares of Hillenbrand by 2.6% during the 2nd quarter. Chicago Equity Partners LLC now owns 128,640 shares of the company’s stock worth $5,090,000 after purchasing an additional 3,270 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.
Shares of NYSE:HI traded down $0.22 during mid-day trading on Monday, hitting $33.06. The stock had a trading volume of 563,065 shares, compared to its average volume of 481,401. The company’s 50 day moving average is $32.40 and its 200-day moving average is $32.50. Hillenbrand has a 12-month low of $26.01 and a 12-month high of $46.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.44 and a current ratio of 1.74. The company has a market cap of $2.08 billion, a PE ratio of 13.49 and a beta of 1.27.
Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.03. The firm had revenue of $485.80 million for the quarter, compared to analysts’ expectations of $475.88 million. Hillenbrand had a net margin of 6.72% and a return on equity of 20.10%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 EPS. On average, equities research analysts predict that Hillenbrand will post 2.63 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.2125 per share. This is a boost from Hillenbrand’s previous quarterly dividend of $0.21. This represents a $0.85 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Monday, December 16th. Hillenbrand’s dividend payout ratio (DPR) is currently 34.69%.
Hillenbrand Company Profile
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.
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