Zacks Investment Research upgraded shares of Hillenbrand (NYSE:HI) from a hold rating to a buy rating in a research report report published on Thursday. They currently have $50.00 target price on the stock.
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. “
HI has been the subject of a number of other research reports. ValuEngine upgraded Hillenbrand from a hold rating to a buy rating in a research note on Friday, February 2nd. B. Riley boosted their price objective on Hillenbrand from $50.00 to $53.00 and gave the company a buy rating in a research note on Thursday, February 1st. Finally, Capital One Financial initiated coverage on Hillenbrand in a research note on Monday, October 23rd. They issued an equal weight rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $51.50.
Hillenbrand (NYSE:HI) last posted its earnings results on Wednesday, January 31st. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.05. The firm had revenue of $397.20 million during the quarter, compared to analysts’ expectations of $384.30 million. Hillenbrand had a return on equity of 19.51% and a net margin of 7.52%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 earnings per share. analysts forecast that Hillenbrand will post 2.36 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be paid a $0.2075 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Thursday, March 15th. Hillenbrand’s dividend payout ratio is currently 43.23%.
In other Hillenbrand news, VP Eric M. Teegarden sold 5,177 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $44.49, for a total value of $230,324.73. Following the completion of the sale, the vice president now owns 3,531 shares in the company, valued at $157,094.19. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Diane R. Bohman sold 6,873 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $43.50, for a total value of $298,975.50. Following the completion of the sale, the senior vice president now owns 36,544 shares of the company’s stock, valued at approximately $1,589,664. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,615 shares of company stock valued at $2,024,236. 1.81% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Hillenbrand in the fourth quarter valued at approximately $110,000. Public Employees Retirement System of Ohio increased its holdings in shares of Hillenbrand by 6.5% in the second quarter. Public Employees Retirement System of Ohio now owns 3,771 shares of the company’s stock valued at $136,000 after purchasing an additional 230 shares during the period. Bessemer Group Inc. acquired a new position in shares of Hillenbrand in the fourth quarter valued at approximately $183,000. Ifrah Financial Services Inc. acquired a new position in shares of Hillenbrand in the fourth quarter valued at approximately $220,000. Finally, S&CO Inc. acquired a new position in shares of Hillenbrand in the fourth quarter valued at approximately $224,000. 76.07% 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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