Hillenbrand Inc (NYSE:HI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Hillenbrand Inc (NYSE:HI) have earned a consensus rating of “Hold” from the five analysts that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $32.00.

Several research analysts recently commented on HI shares. Weiss Ratings restated a “hold (c)” rating on shares of Hillenbrand in a report on Monday, December 29th. Zacks Research downgraded shares of Hillenbrand from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. CJS Securities reaffirmed a “market perform” rating and issued a $32.00 target price on shares of Hillenbrand in a research report on Thursday, October 16th. Finally, DA Davidson reissued a “neutral” rating and set a $32.00 price target on shares of Hillenbrand in a research report on Thursday, November 20th.

Institutional Investors Weigh In On Hillenbrand

A number of institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in Hillenbrand by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,661,890 shares of the company’s stock valued at $33,359,000 after purchasing an additional 11,849 shares during the last quarter. Irenic Capital Management LP acquired a new stake in shares of Hillenbrand in the third quarter valued at approximately $36,547,000. Gotham Asset Management LLC lifted its position in shares of Hillenbrand by 83.2% in the third quarter. Gotham Asset Management LLC now owns 1,301,708 shares of the company’s stock valued at $35,198,000 after buying an additional 590,977 shares during the last quarter. SG Capital Management LLC bought a new position in shares of Hillenbrand during the 3rd quarter worth approximately $25,858,000. Finally, Bank of America Corp DE increased its holdings in shares of Hillenbrand by 8.6% during the 2nd quarter. Bank of America Corp DE now owns 682,387 shares of the company’s stock worth $13,696,000 after acquiring an additional 53,908 shares during the last quarter. 89.09% of the stock is owned by institutional investors.

Hillenbrand Stock Up 0.1%

HI stock opened at $31.91 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.22 and a quick ratio of 0.88. The stock has a market capitalization of $2.25 billion, a P/E ratio of 52.31 and a beta of 1.38. Hillenbrand has a fifty-two week low of $18.36 and a fifty-two week high of $35.48. The business has a 50-day moving average of $31.79 and a 200-day moving average of $28.20.

Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, November 19th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.21. Hillenbrand had a return on equity of 12.69% and a net margin of 1.61%.The business had revenue of $652.10 million for the quarter, compared to analyst estimates of $592.25 million. During the same quarter last year, the firm earned $1.01 EPS. Hillenbrand’s revenue for the quarter was down 22.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Hillenbrand will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a $0.2275 dividend. This is an increase from Hillenbrand’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Tuesday, December 16th. Hillenbrand’s dividend payout ratio is 149.18%.

Hillenbrand Company Profile

Hillenbrand, Inc, headquartered in Batesville, Indiana, is a global industrial company specializing in engineered equipment and process solutions. Through its Coperion division, Hillenbrand designs and manufactures compounding and extrusion systems, polymer and food processing equipment, bulk material handling technologies and associated automation. These offerings support a variety of end markets, including plastics, chemicals, food, pharmaceutical and minerals, helping customers optimize production efficiency and product quality.

Tracing its roots to the Batesville Casket Company founded in 1906, the organization evolved through strategic acquisitions and expanded its focus on process technologies.