Shares of Hillenbrand, Inc. (NYSE:HI) have been assigned an average recommendation of “Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $54.00.
Several equities research analysts recently weighed in on HI shares. DA Davidson started coverage on Hillenbrand in a research note on Monday, May 20th. They issued a “neutral” rating and a $43.00 price target on the stock. Buckingham Research started coverage on Hillenbrand in a research note on Thursday, May 16th. They issued a “buy” rating and a $53.00 price target on the stock.
Shares of HI traded down $0.64 during mid-day trading on Friday, hitting $38.39. 174,969 shares of the company’s stock traded hands, compared to its average volume of 252,028. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.92 and a current ratio of 1.29. Hillenbrand has a 1 year low of $36.22 and a 1 year high of $53.41. The stock has a market capitalization of $2.44 billion, a PE ratio of 15.80 and a beta of 1.31.
Hillenbrand (NYSE:HI) last posted its earnings results on Wednesday, May 1st. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Hillenbrand had a return on equity of 20.21% and a net margin of 8.17%. The firm had revenue of $464.60 million for the quarter, compared to analysts’ expectations of $444.60 million. During the same period in the previous year, the firm earned $0.65 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. Research analysts forecast that Hillenbrand will post 2.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.21 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.84 annualized dividend and a yield of 2.19%. Hillenbrand’s payout ratio is 34.57%.
A number of hedge funds have recently modified their holdings of the stock. Zions Bancorporation N.A. bought a new stake in Hillenbrand in the first quarter worth $41,000. Pearl River Capital LLC lifted its holdings in shares of Hillenbrand by 175.6% during the first quarter. Pearl River Capital LLC now owns 1,086 shares of the company’s stock valued at $46,000 after purchasing an additional 692 shares in the last quarter. Advisor Group Inc. lifted its holdings in shares of Hillenbrand by 50.3% during the fourth quarter. Advisor Group Inc. now owns 2,804 shares of the company’s stock valued at $106,000 after purchasing an additional 939 shares in the last quarter. NumerixS Investment Technologies Inc lifted its holdings in shares of Hillenbrand by 2,500.0% during the first quarter. NumerixS Investment Technologies Inc now owns 2,600 shares of the company’s stock valued at $108,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Valley National Advisers Inc. bought a new position in shares of Hillenbrand during the fourth quarter valued at $111,000. 77.85% of the stock is currently owned by institutional investors.
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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