Hillenbrand Inc (NYSE:HI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday, July 12th.
According to Zacks, “HILLENBRAND, INC. is the holding company for Batesville Casket Company, a leader in the North American death care industry through the sale of funeral services products, including burial caskets, cremation caskets, containers and urns, selection room display fixturing and other personalization and memorialization products. “
Shares of Hillenbrand (NYSE:HI) opened at 36.25 on Wednesday. Hillenbrand has a one year low of $28.60 and a one year high of $39.00. The stock has a 50 day moving average of $36.15 and a 200-day moving average of $36.43. The company has a market capitalization of $2.28 billion, a PE ratio of 18.78 and a beta of 1.24.
Hillenbrand (NYSE:HI) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. The business had revenue of $395.90 million during the quarter, compared to analyst estimates of $388.57 million. Hillenbrand had a net margin of 7.87% and a return on equity of 19.72%. Hillenbrand’s revenue was up 6.7% compared to the same quarter last year. During the same period last year, the business earned $0.53 EPS. On average, equities analysts forecast that Hillenbrand will post $2.07 earnings per share for the current fiscal year.
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In related news, Director David Fennell purchased 302,000 shares of the company’s stock in a transaction dated Monday, June 26th. The shares were purchased at an average price of $0.10 per share, with a total value of $30,200.00. In the last ninety days, insiders have bought 807,000 shares of company stock worth $79,350. Insiders own 1.74% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Hillenbrand by 75.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,958 shares of the company’s stock worth $106,000 after buying an additional 1,268 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Hillenbrand by 9.4% in the first quarter. Envestnet Asset Management Inc. now owns 2,971 shares of the company’s stock worth $107,000 after buying an additional 255 shares during the last quarter. Strs Ohio increased its stake in shares of Hillenbrand by 50.0% in the second quarter. Strs Ohio now owns 3,000 shares of the company’s stock worth $108,000 after buying an additional 1,000 shares during the last quarter. Tyers Asset Management LLC increased its stake in shares of Hillenbrand by 14.2% in the first quarter. Tyers Asset Management LLC now owns 3,388 shares of the company’s stock worth $121,000 after buying an additional 420 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in shares of Hillenbrand by 0.4% in the first quarter. IFP Advisors Inc now owns 3,573 shares of the company’s stock worth $128,000 after buying an additional 14 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.
Hillenbrand Company Profile
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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