Zacks Investment Research Lowers Hillenbrand (NYSE:HI) to Sell

Zacks Investment Research downgraded shares of Hillenbrand (NYSE:HI) from a hold rating to a sell rating in a research report report published on Monday morning, reports.

According to Zacks, “Hillenbrand is a global diversified industrial company with multiple market-leading brands that serve a wide variety of industries across the globe. Hillenbrand’s portfolio is comprised of two business segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service highly engineered industrial equipment around the world. Batesville is a recognized leader in the North American death care industry. They pursue profitable growth and robust cash generation driving increased value for their shareholders. Hillenbrand is publicly traded on the NYSE under HI. “

Other equities analysts have also recently issued reports about the company. ValuEngine raised Hillenbrand from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Sidoti reduced their target price on Hillenbrand from $54.00 to $52.00 and set a buy rating on the stock in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Hillenbrand presently has an average rating of Hold and an average price target of $46.00.

HI opened at $31.60 on Monday. 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 has a 52-week low of $26.01 and a 52-week high of $46.00. The stock has a market capitalization of $2.01 billion, a PE ratio of 13.07 and a beta of 1.30. The stock’s 50 day moving average price is $32.92 and its 200-day moving average price is $31.56.

Hillenbrand (NYSE:HI) last posted its earnings results on Wednesday, November 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.03. Hillenbrand had a return on equity of 20.10% and a net margin of 6.72%. 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 previous year, the firm earned $0.67 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. Research analysts forecast that Hillenbrand will post 2.63 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a $0.2125 dividend. This represents a $0.85 annualized dividend and a yield of 2.69%. This is a boost from Hillenbrand’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, December 16th. Hillenbrand’s dividend payout ratio is presently 34.69%.

In other 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 value of $66,267.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Christopher H. Trainor bought 3,500 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was bought at an average cost of $31.47 per share, for a total transaction 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 approximately $902,874.30. The disclosure for this purchase can be found here. 3.41% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in HI. Invesco Ltd. lifted its holdings in Hillenbrand by 4.3% in the second quarter. Invesco Ltd. now owns 1,608,919 shares of the company’s stock valued at $63,665,000 after acquiring an additional 66,498 shares during the period. Morgan Stanley lifted its holdings in Hillenbrand by 979.8% in the second quarter. Morgan Stanley now owns 783,351 shares of the company’s stock valued at $30,998,000 after acquiring an additional 710,804 shares during the period. Copper Rock Capital Partners LLC bought a new position in Hillenbrand in the fourth quarter valued at about $20,995,000. Nuveen Asset Management LLC bought a new position in Hillenbrand in the second quarter valued at about $21,150,000. Finally, Man Group plc lifted its holdings in Hillenbrand by 8.4% in the second quarter. Man Group plc now owns 418,353 shares of the company’s stock valued at $16,555,000 after acquiring an additional 32,382 shares during the period. 84.92% of the stock is currently owned by hedge funds and other 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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