Hillenbrand (NYSE:HI – Get Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Friday.
Separately, Zacks Investment Research lowered Hillenbrand from a “buy” rating to a “hold” rating in a report on Monday, April 11th.
Shares of HI opened at $41.77 on Friday. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 0.91 and a beta of 1.48. Hillenbrand has a 52-week low of $40.03 and a 52-week high of $54.15. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.97. The stock has a 50 day moving average price of $44.43 and a 200 day moving average price of $47.00.
Hillenbrand (NYSE:HI – Get Rating) last issued its quarterly earnings data on Wednesday, February 2nd. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.03. The business had revenue of $728.00 million during the quarter, compared to the consensus estimate of $703.03 million. Hillenbrand had a net margin of 7.67% and a return on equity of 22.71%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 EPS. On average, equities analysts anticipate that Hillenbrand will post 3.92 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in Hillenbrand by 2.7% during the 4th quarter. BlackRock Inc. now owns 11,643,487 shares of the company’s stock worth $605,346,000 after acquiring an additional 309,881 shares during the period. State Street Corp raised its stake in shares of Hillenbrand by 3.1% during the fourth quarter. State Street Corp now owns 2,428,088 shares of the company’s stock worth $126,236,000 after purchasing an additional 73,327 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Hillenbrand by 8.2% during the fourth quarter. LSV Asset Management now owns 1,952,409 shares of the company’s stock worth $101,506,000 after purchasing an additional 148,420 shares during the period. Dimensional Fund Advisors LP grew its position in Hillenbrand by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,282,970 shares of the company’s stock valued at $66,701,000 after buying an additional 47,334 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Hillenbrand by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 1,216,471 shares of the company’s stock valued at $63,244,000 after buying an additional 44,768 shares during the period. Institutional investors own 85.54% of the company’s stock.
About Hillenbrand (Get Rating)
Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. The company operates through three segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, as well as equipment system design; and screening and separating equipment 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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