Hillenbrand (HI) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Hillenbrand (NYSE:HI) from a buy rating to a strong-buy rating in a report issued on Monday.

HI has been the topic of a number of other research reports. Zacks Investment Research raised shares of Hillenbrand from a hold rating to a buy rating and set a $51.00 price objective on the stock in a research note on Tuesday, December 12th. B. Riley reaffirmed a buy rating and set a $50.00 price objective on shares of Hillenbrand in a research note on Monday, December 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $51.50.

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HI opened at $46.20 on Monday. Hillenbrand has a 12-month low of $34.65 and a 12-month high of $48.00. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.62. The company has a market cap of $2,858.46, a price-to-earnings ratio of 20.43 and a beta of 1.21.

Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. Hillenbrand had a net margin of 7.52% and a return on equity of 19.51%. The company had revenue of $397.20 million during the quarter, compared to analyst estimates of $384.30 million. During the same period last year, the firm posted $0.42 EPS. Hillenbrand’s revenue for the quarter was up 11.6% compared to the same quarter last year. analysts expect that Hillenbrand will post 2.36 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were paid a dividend of $0.2075 per share. The ex-dividend date was Thursday, March 15th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.80%. Hillenbrand’s payout ratio is 39.34%.

In other 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 owns 3,531 shares of the company’s stock, valued at approximately $157,094.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joe Anthony Raver sold 33,931 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $47.04, for a total transaction of $1,596,114.24. The disclosure for this sale can be found here. Insiders have sold a total of 39,525 shares of company stock worth $1,846,113 in the last ninety days. Corporate insiders own 1.81% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of HI. BlackRock Inc. grew its stake in Hillenbrand by 3.1% in the 4th quarter. BlackRock Inc. now owns 8,303,568 shares of the company’s stock valued at $371,171,000 after acquiring an additional 247,107 shares during the period. Janus Henderson Group PLC grew its stake in Hillenbrand by 10.0% in the 3rd quarter. Janus Henderson Group PLC now owns 2,648,772 shares of the company’s stock valued at $102,905,000 after acquiring an additional 240,920 shares during the period. Clarkston Capital Partners LLC grew its stake in Hillenbrand by 3.8% in the 4th quarter. Clarkston Capital Partners LLC now owns 2,216,235 shares of the company’s stock valued at $99,066,000 after acquiring an additional 81,695 shares during the period. Channing Capital Management LLC grew its stake in Hillenbrand by 17.0% in the 4th quarter. Channing Capital Management LLC now owns 1,701,045 shares of the company’s stock valued at $76,037,000 after acquiring an additional 246,866 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Hillenbrand by 5.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,666,456 shares of the company’s stock valued at $64,743,000 after acquiring an additional 91,284 shares during the period. 78.13% of the stock is currently owned by institutional investors and hedge funds.

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About Hillenbrand

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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