Hillenbrand Inc (HI) Receives $50.00 Consensus Target Price from Analysts

Shares of Hillenbrand Inc (NYSE:HI) have received an average recommendation of “Hold” from the six analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $50.00.

A number of equities research analysts have issued reports on the company. B. Riley restated a “buy” rating on shares of Hillenbrand in a research report on Wednesday, November 1st. Capital One Financial started coverage on Hillenbrand in a report on Monday, October 23rd. They issued an “equal weight” rating on the stock. Finally, Zacks Investment Research downgraded Hillenbrand from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th.

Hillenbrand (HI) traded down $0.50 during midday trading on Friday, hitting $45.55. The stock had a trading volume of 228,689 shares, compared to its average volume of 276,297. The company has a market capitalization of $2,826.59, a price-to-earnings ratio of 21.36 and a beta of 1.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 1.16. Hillenbrand has a 1 year low of $34.65 and a 1 year high of $46.50.

Hillenbrand (NYSE:HI) last released its quarterly earnings data on Wednesday, November 15th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The firm had revenue of $442.90 million during the quarter, compared to analyst estimates of $427.45 million. Hillenbrand had a return on equity of 19.26% and a net margin of 7.94%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.58 earnings per share. sell-side analysts forecast that Hillenbrand will post 2.23 earnings per share for the current fiscal year.

In related news, insider Joe Anthony Raver sold 34,565 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $43.25, for a total value of $1,494,936.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Diane R. Bohman sold 6,873 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $43.50, for a total value of $298,975.50. Following the completion of the transaction, 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. 1.74% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Strs Ohio boosted its holdings in shares of Hillenbrand by 50.0% during the 2nd quarter. Strs Ohio now owns 3,000 shares of the company’s stock worth $108,000 after purchasing an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Hillenbrand by 9.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,226 shares of the company’s stock valued at $116,000 after buying an additional 268 shares during the period. IFP Advisors Inc raised its position in shares of Hillenbrand by 1.0% during the 2nd quarter. IFP Advisors Inc now owns 3,608 shares of the company’s stock valued at $130,000 after buying an additional 35 shares during the period. Acrospire Investment Management LLC raised its position in Hillenbrand by 164.2% in the second quarter. Acrospire Investment Management LLC now owns 3,701 shares of the company’s stock valued at $134,000 after purchasing an additional 2,300 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in 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. Institutional investors and hedge funds own 76.36% of the company’s stock.

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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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