Hillenbrand, Inc. (NYSE:HI) has received an average recommendation of “Buy” from the six research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $51.50.
Several research firms have commented on HI. B. Riley set a $50.00 price target on Hillenbrand and gave the stock a “buy” rating in a research report on Thursday, November 16th. Zacks Investment Research raised Hillenbrand from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Tuesday, December 12th. ValuEngine raised Hillenbrand from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Capital One Financial began coverage on Hillenbrand in a research report on Monday, October 23rd. They set an “equal weight” rating on the stock.
In other Hillenbrand news, insider Joe Anthony Raver sold 34,565 shares of Hillenbrand stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Eric M. Teegarden sold 5,177 shares of Hillenbrand stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $44.49, for a total value of $230,324.73. Following the completion of the transaction, the vice president now owns 3,531 shares in the company, valued at $157,094.19. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,615 shares of company stock worth $2,024,236. 1.81% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the business. We Are One Seven LLC purchased a new position in shares of Hillenbrand in the 4th quarter valued at approximately $279,000. MetLife Investment Advisors LLC purchased a new position in shares of Hillenbrand in the 4th quarter valued at approximately $1,327,000. Gotham Asset Management LLC grew its stake in shares of Hillenbrand by 41.5% in the 4th quarter. Gotham Asset Management LLC now owns 295,333 shares of the company’s stock valued at $13,201,000 after purchasing an additional 86,619 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of Hillenbrand by 20.8% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 28,550 shares of the company’s stock valued at $1,277,000 after purchasing an additional 4,920 shares during the last quarter. Finally, Glenmede Trust Co. NA grew its stake in shares of Hillenbrand by 175,287.5% in the 4th quarter. Glenmede Trust Co. NA now owns 701,550 shares of the company’s stock valued at $31,358,000 after purchasing an additional 701,150 shares during the last quarter. Institutional investors own 76.07% of the company’s stock.
Shares of Hillenbrand (NYSE:HI) opened at $45.75 on Friday. 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 has a 12-month low of $34.65 and a 12-month high of $46.50. The firm has a market capitalization of $2,890.00, a PE ratio of 23.83 and a beta of 1.31.
Hillenbrand (NYSE:HI) last issued its earnings results on Wednesday, January 31st. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.05. Hillenbrand had a return on equity of 19.51% and a net margin of 7.52%. The business had revenue of $397.20 million for the quarter, compared to analyst estimates of $384.30 million. During the same quarter last year, the company earned $0.42 EPS. The business’s quarterly revenue was up 11.6% on a year-over-year basis. research analysts forecast that Hillenbrand will post 2.36 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a dividend of $0.2075 per share. This represents a $0.83 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Thursday, March 15th. Hillenbrand’s dividend payout ratio (DPR) is 43.23%.
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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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