B. Riley reaffirmed their buy rating on shares of Hillenbrand (NYSE:HI) in a report issued on Monday. The firm currently has a $50.00 price objective on the stock.

HI has been the topic of several other research reports. Zacks Investment Research raised Hillenbrand from a sell rating to a hold rating in a research report on Tuesday, September 12th. Capital One Financial initiated coverage on Hillenbrand in a research report on Monday, October 23rd. They issued an equal weight rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $50.50.

Shares of Hillenbrand (HI) opened at $45.35 on Monday. Hillenbrand has a 1-year low of $34.65 and a 1-year high of $46.50. The stock 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 current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58.

Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Wednesday, November 15th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.04. Hillenbrand had a return on equity of 19.26% and a net margin of 7.94%. The business had revenue of $442.90 million during the quarter, compared to the consensus estimate of $427.45 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. Hillenbrand’s revenue was up 3.3% compared to the same quarter last year. analysts forecast that Hillenbrand will post 2.24 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 18th will be given a $0.2075 dividend. The ex-dividend date is Friday, December 15th. This represents a $0.83 annualized dividend and a yield of 1.83%. This is a boost from Hillenbrand’s previous quarterly dividend of $0.21. Hillenbrand’s payout ratio is currently 41.92%.

In other news, insider Joe Anthony Raver sold 34,565 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $43.25, for a total transaction of $1,494,936.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Diane R. Bohman sold 6,873 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $43.50, for a total value of $298,975.50. Following the transaction, the senior vice president now directly owns 36,544 shares in the company, valued at approximately $1,589,664. The disclosure for this sale can be found here. 1.74% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Strs Ohio lifted its position in shares of Hillenbrand by 50.0% during the 2nd quarter. Strs Ohio now owns 3,000 shares of the company’s stock valued at $108,000 after buying an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 last quarter. IFP Advisors Inc lifted 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 last quarter. Acrospire Investment Management LLC lifted its position in shares of Hillenbrand by 164.2% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,701 shares of the company’s stock valued at $134,000 after buying an additional 2,300 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Hillenbrand by 6.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,771 shares of the company’s stock valued at $136,000 after buying an additional 230 shares during the last quarter. 76.33% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “B. Riley Reaffirms “Buy” Rating for Hillenbrand (HI)” was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and international copyright & trademark law. The correct version of this piece can be viewed at https://www.watchlistnews.com/b-riley-reaffirms-buy-rating-for-hillenbrand-hi/1776037.html.

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.

Receive News & Ratings for Hillenbrand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillenbrand and related companies with MarketBeat.com's FREE daily email newsletter.