Zacks Investment Research lowered shares of Hillenbrand (NYSE:HI) from a buy rating to a hold rating in a report published on Tuesday.
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. “
Several other brokerages also recently commented on HI. ValuEngine upgraded shares of Hillenbrand from a hold rating to a buy rating in a report on Friday, February 2nd. B. Riley raised their target price on shares of Hillenbrand from $50.00 to $53.00 and gave the stock a buy rating in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Hillenbrand has a consensus rating of Hold and an average price target of $51.50.
Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. The business had revenue of $397.20 million for the quarter, compared to the consensus estimate of $384.30 million. Hillenbrand had a net margin of 7.52% and a return on equity of 19.51%. Hillenbrand’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period last year, the company posted $0.42 EPS. research analysts predict that Hillenbrand will post 2.36 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be issued a dividend of $0.2075 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.83 annualized dividend and a yield of 1.75%. Hillenbrand’s dividend payout ratio (DPR) is currently 43.23%.
In other Hillenbrand news, VP Eric M. Teegarden sold 5,177 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $44.49, for a total transaction of $230,324.73. Following the sale, the vice president now directly owns 3,531 shares in the company, valued at approximately $157,094.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.81% of the company’s stock.
A number of hedge funds have recently made changes to their positions in HI. Public Employees Retirement System of Ohio grew its stake in shares of Hillenbrand by 6.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,771 shares of the company’s stock worth $136,000 after acquiring an additional 230 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Hillenbrand by 6.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 27,100 shares of the company’s stock worth $1,211,000 after acquiring an additional 1,600 shares in the last quarter. GSA Capital Partners LLP grew its stake in shares of Hillenbrand by 8.5% during the 3rd quarter. GSA Capital Partners LLP now owns 20,687 shares of the company’s stock worth $804,000 after acquiring an additional 1,618 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Hillenbrand by 6.5% during the 4th quarter. Victory Capital Management Inc. now owns 29,184 shares of the company’s stock worth $1,305,000 after acquiring an additional 1,770 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of Hillenbrand by 1.5% during the 3rd quarter. New York State Common Retirement Fund now owns 126,238 shares of the company’s stock worth $4,904,000 after acquiring an additional 1,839 shares in the last quarter. Hedge funds and other institutional investors own 76.50% of the company’s stock.
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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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