Hillenbrand, Inc. (NYSE:HI) has received an average recommendation of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $54.00.
HI has been the topic of a number of analyst reports. ValuEngine raised Valmont Industries from a “sell” rating to a “hold” rating in a research report on Friday. DA Davidson initiated coverage on Hillenbrand in a research report on Monday, May 20th. They set a “neutral” rating and a $43.00 price objective on the stock. Finally, Buckingham Research initiated coverage on Hillenbrand in a research report on Thursday, May 16th. They set a “buy” rating and a $53.00 price objective on the stock.
Hedge funds have recently bought and sold shares of the company. First Trust Advisors LP increased its stake in Hillenbrand by 28.8% in the fourth quarter. First Trust Advisors LP now owns 37,455 shares of the company’s stock valued at $1,421,000 after purchasing an additional 8,384 shares in the last quarter. California Public Employees Retirement System increased its stake in Hillenbrand by 3.5% in the fourth quarter. California Public Employees Retirement System now owns 134,162 shares of the company’s stock valued at $5,089,000 after purchasing an additional 4,527 shares in the last quarter. BlackRock Inc. increased its stake in Hillenbrand by 1.3% in the fourth quarter. BlackRock Inc. now owns 9,894,719 shares of the company’s stock valued at $375,307,000 after purchasing an additional 129,982 shares in the last quarter. Texas Permanent School Fund increased its stake in Hillenbrand by 4.1% in the fourth quarter. Texas Permanent School Fund now owns 40,799 shares of the company’s stock valued at $1,548,000 after purchasing an additional 1,593 shares in the last quarter. Finally, Advisor Group Inc. increased its stake in Hillenbrand by 50.3% in the fourth quarter. Advisor Group Inc. now owns 2,804 shares of the company’s stock valued at $106,000 after purchasing an additional 939 shares in the last quarter. 77.82% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:HI opened at $33.87 on Tuesday. The stock has a market capitalization of $2.12 billion, a PE ratio of 14.35 and a beta of 1.28. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.29 and a quick ratio of 0.92. The stock has a 50-day moving average price of $38.58. Hillenbrand has a 52-week low of $33.68 and a 52-week high of $53.41.
Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, May 1st. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. The business had revenue of $464.60 million for the quarter, compared to analysts’ expectations of $444.60 million. Hillenbrand had a return on equity of 20.21% and a net margin of 8.17%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $0.65 earnings per share. As a group, equities analysts forecast that Hillenbrand will post 2.48 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.48%. Hillenbrand’s payout ratio is currently 34.57%.
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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