Hillenbrand (NYSE:HI) Upgraded at StockNews.com

StockNews.com upgraded shares of Hillenbrand (NYSE:HI) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

A number of other research analysts have also issued reports on HI. DA Davidson reiterated a “neutral” rating and issued a $33.00 target price on shares of Hillenbrand in a research note on Friday, November 15th. KeyCorp lowered their price target on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.67.

Hillenbrand Stock Up 2.5 %

HI stock opened at $33.78 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The firm has a market cap of $2.37 billion, a PE ratio of -11.30 and a beta of 1.38. Hillenbrand has a 1 year low of $25.11 and a 1 year high of $50.58. The company has a fifty day simple moving average of $28.59 and a 200 day simple moving average of $35.68.

Hillenbrand (NYSE:HI) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. The business had revenue of $837.60 million for the quarter, compared to analyst estimates of $793.38 million. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.13 EPS. Sell-side analysts anticipate that Hillenbrand will post 3.45 EPS for the current fiscal year.

Hillenbrand Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.2225 dividend. This represents a $0.89 annualized dividend and a yield of 2.63%. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, September 16th. Hillenbrand’s dividend payout ratio (DPR) is currently -29.77%.

Institutional Trading of Hillenbrand

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SkyView Investment Advisors LLC lifted its position in Hillenbrand by 4.5% during the 3rd quarter. SkyView Investment Advisors LLC now owns 20,490 shares of the company’s stock valued at $570,000 after purchasing an additional 891 shares during the period. Geode Capital Management LLC boosted its stake in Hillenbrand by 0.4% in the third quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company’s stock valued at $44,565,000 after acquiring an additional 6,682 shares during the last quarter. Barclays PLC grew its holdings in Hillenbrand by 17.9% during the 3rd quarter. Barclays PLC now owns 318,078 shares of the company’s stock worth $8,841,000 after acquiring an additional 48,230 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Hillenbrand during the 3rd quarter valued at $223,000. Finally, XTX Topco Ltd lifted its stake in shares of Hillenbrand by 13.4% in the 3rd quarter. XTX Topco Ltd now owns 15,052 shares of the company’s stock valued at $418,000 after purchasing an additional 1,774 shares during the period. Institutional investors and hedge funds own 89.09% of the company’s stock.

Hillenbrand Company Profile

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.