A number of other research firms have also issued reports on HI. DA Davidson began coverage on shares of Hillenbrand in a research note on Monday, May 20th. They issued a “neutral” rating and a $43.00 target price on the stock. Buckingham Research began coverage on shares of Hillenbrand in a research note on Thursday, May 16th. They issued a “buy” rating and a $53.00 target price on the stock. One 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. Hillenbrand currently has an average rating of “Buy” and a consensus price target of $54.60.
NYSE:HI traded down $5.00 during midday trading on Friday, reaching $33.87. The stock had a trading volume of 4,244,043 shares, compared to its average volume of 298,308. Hillenbrand has a 1-year low of $33.68 and a 1-year high of $53.41. The business has a fifty day moving average price of $38.58. 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 firm has a market capitalization of $2.46 billion, a PE ratio of 13.94 and a beta of 1.28.
A number of hedge funds and other institutional investors have recently bought and sold shares of HI. First Trust Advisors LP raised its position in Hillenbrand by 28.8% during the 4th 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 raised its position in shares of Hillenbrand by 3.5% in the 4th quarter. California Public Employees Retirement System now owns 134,162 shares of the company’s stock worth $5,089,000 after acquiring an additional 4,527 shares in the last quarter. Advisor Group Inc. raised its position in shares of Hillenbrand by 50.3% in the 4th quarter. Advisor Group Inc. now owns 2,804 shares of the company’s stock worth $106,000 after acquiring an additional 939 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Hillenbrand by 15.5% in the 4th quarter. CIBC Asset Management Inc now owns 5,744 shares of the company’s stock worth $218,000 after acquiring an additional 769 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in shares of Hillenbrand by 7.0% in the 4th quarter. Great West Life Assurance Co. Can now owns 84,680 shares of the company’s stock worth $2,963,000 after acquiring an additional 5,504 shares in the last quarter. Institutional investors own 77.82% of the company’s stock.
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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