Hillenbrand Inc (NYSE:HI)’s share price was up 10.6% on Friday . The company traded as high as $42.65 and last traded at $42.35. Approximately 574,800 shares were traded during mid-day trading, an increase of 120% from the average daily volume of 261,692 shares. The stock had previously closed at $38.30.
A number of equities analysts recently weighed in on HI shares. Zacks Investment Research lowered shares of Hillenbrand from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Capital One Financial Corporation initiated coverage on shares of Hillenbrand in a research note on Monday, October 23rd. They set an “equal weight” rating for the company. BidaskClub downgraded shares of Hillenbrand from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, B. Riley restated a “buy” rating and set a $50.00 price objective (up from $46.00) on shares of Hillenbrand in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Hillenbrand has a consensus rating of “Hold” and an average price target of $50.00.
The company has a debt-to-equity ratio of 0.81, a current ratio of 1.39 and a quick ratio of 1.03. The firm has a market capitalization of $2,670.00, a P/E ratio of 18.25 and a beta of 1.36.
Several institutional investors have recently bought and sold shares of the company. IFP Advisors Inc raised its holdings in shares of Hillenbrand by 1.0% in the 2nd quarter. IFP Advisors Inc now owns 3,608 shares of the company’s stock valued at $130,000 after purchasing an additional 35 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Hillenbrand by 6.5% in the 2nd 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. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Hillenbrand by 9.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,226 shares of the company’s stock valued at $116,000 after purchasing an additional 268 shares during the period. Ameritas Investment Partners Inc. raised its holdings in shares of Hillenbrand by 9.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,560 shares of the company’s stock valued at $201,000 after purchasing an additional 460 shares during the period. Finally, Raymond James Trust N.A. raised its holdings in shares of Hillenbrand by 5.4% in the 2nd quarter. Raymond James Trust N.A. now owns 10,682 shares of the company’s stock valued at $386,000 after purchasing an additional 549 shares during the period. Institutional investors own 76.11% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Hillenbrand Inc (HI) Trading Up 10.6%” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.com-unik.info/2017/11/17/hillenbrand-inc-hi-trading-up-10-6.html.
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.
What are top analysts saying about Hillenbrand Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Hillenbrand Inc and related companies.