Hillenbrand (NYSE:HI) Rating Lowered to Sell at Zacks Investment Research

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Hillenbrand (NYSE:HI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday, Zacks.com 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. “

Several other analysts also recently weighed in on HI. ValuEngine upgraded Hillenbrand from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Sidoti lowered their target price on Hillenbrand from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $46.00.

Shares of NYSE HI opened at $32.20 on Monday. Hillenbrand has a 12-month low of $26.01 and a 12-month high of $46.00. The company has a market cap of $2.02 billion, a P/E ratio of 16.77 and a beta of 1.30. The company has a current ratio of 1.74, a quick ratio of 1.44 and a debt-to-equity ratio of 0.80. The stock has a fifty day moving average price of $32.92 and a 200 day moving average price of $31.64.

Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $475.88 million. During the same period in the prior year, the firm earned $0.67 EPS. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, sell-side analysts forecast that Hillenbrand will post 2.63 EPS for the current fiscal year.

In other news, VP Glennis A. Williams sold 1,993 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $33.25, for a total transaction of $66,267.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Christopher H. Trainor purchased 3,500 shares of Hillenbrand stock in a transaction dated Wednesday, November 27th. The shares were bought at an average cost of $31.47 per share, for a total transaction of $110,145.00. Following the transaction, the vice president now directly owns 28,690 shares of the company’s stock, valued at approximately $902,874.30. The disclosure for this purchase can be found here. 3.33% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of HI. Morgan Stanley lifted its position in shares of Hillenbrand by 979.8% during the second quarter. Morgan Stanley now owns 783,351 shares of the company’s stock worth $30,998,000 after purchasing an additional 710,804 shares during the last quarter. Copper Rock Capital Partners LLC bought a new position in shares of Hillenbrand during the fourth quarter worth about $20,995,000. Nuveen Asset Management LLC bought a new position in shares of Hillenbrand during the second quarter worth about $21,150,000. Monarch Partners Asset Management LLC bought a new position in shares of Hillenbrand during the third quarter worth about $12,015,000. Finally, Assenagon Asset Management S.A. bought a new position in shares of Hillenbrand during the fourth quarter worth about $11,630,000. 84.92% of the stock is currently owned by institutional investors and hedge funds.

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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