Hillenbrand, Inc. (NYSE:HI) insider Joe Anthony Raver sold 33,931 shares of the stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $47.04, for a total transaction of $1,596,114.24. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Hillenbrand, Inc. (HI) traded down $0.50 on Wednesday, reaching $46.40. 282,441 shares of the company were exchanged, compared to its average volume of 286,775. The firm has a market cap of $2,956.16, a P/E ratio of 21.13 and a beta of 1.26. Hillenbrand, Inc. has a 12-month low of $34.65 and a 12-month high of $48.00. 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 (NYSE:HI) last posted its earnings results on Wednesday, January 31st. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.05. The firm had revenue of $397.20 million during 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%. The company’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS. analysts expect that Hillenbrand, Inc. will post 2.36 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Knowledge Leaders Capital LLC acquired a new stake in Hillenbrand during the 4th quarter worth approximately $2,429,000. Prudential Financial Inc. increased its position in Hillenbrand by 3.6% during the 3rd quarter. Prudential Financial Inc. now owns 396,527 shares of the company’s stock worth $15,405,000 after purchasing an additional 13,600 shares in the last quarter. Rhumbline Advisers increased its position in Hillenbrand by 2.9% during the 3rd quarter. Rhumbline Advisers now owns 127,158 shares of the company’s stock worth $4,940,000 after purchasing an additional 3,532 shares in the last quarter. Nationwide Fund Advisors increased its position in Hillenbrand by 7.6% during the 3rd quarter. Nationwide Fund Advisors now owns 87,040 shares of the company’s stock worth $3,382,000 after purchasing an additional 6,115 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in Hillenbrand in the third quarter valued at approximately $712,000. 78.10% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on the stock. B. Riley increased their price objective on shares of Hillenbrand from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Zacks Investment Research downgraded shares of Hillenbrand from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, ValuEngine raised shares of Hillenbrand from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Hillenbrand has an average rating of “Hold” and an average target price of $51.50.
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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