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.
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.
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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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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