Hillenbrand Inc (NYSE:HI) Rating Lowered to Strong Sell at BidaskClub
BidaskClub cut shares of Hillenbrand Inc (NYSE:HI) from a sell rating to a strong sell rating in a research report report published on Friday morning.
A number of other brokerages have also recently commented on HI. Zacks Investment Research upgraded shares of Hillenbrand from a hold rating to a buy rating and set a $42.00 target price for the company in a research report on Tuesday, May 16th. FBR & Co reiterated an outperform rating on shares of Hillenbrand in a research report on Tuesday, July 11th.
Hillenbrand (NYSE:HI) remained flat at $36.00 during mid-day trading on Friday. The stock had a trading volume of 22,252 shares. Hillenbrand has a one year low of $28.60 and a one year high of $39.00. The stock has a market cap of $2.27 billion, a PE ratio of 18.86 and a beta of 1.24. The company’s 50-day moving average price is $36.20 and its 200 day moving average price is $36.48.
Hillenbrand (NYSE:HI) last issued its earnings results on Wednesday, May 3rd. The company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.05. The business had revenue of $395.30 million during the quarter, compared to analysts’ expectations of $389.43 million. Hillenbrand had a net margin of 7.85% and a return on equity of 20.27%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 earnings per share. Analysts expect that Hillenbrand will post $2.05 earnings per share for the current fiscal year.
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In other news, Director David Fennell acquired 302,000 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was purchased at an average cost of $0.10 per share, for a total transaction of $30,200.00. Over the last 90 days, insiders have purchased 807,000 shares of company stock valued at $79,350. 1.74% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in HI. Creative Planning boosted its stake in Hillenbrand by 2.4% in the first quarter. Creative Planning now owns 5,657 shares of the company’s stock valued at $203,000 after buying an additional 132 shares during the last quarter. Comerica Bank boosted its stake in Hillenbrand by 5.0% in the first quarter. Comerica Bank now owns 71,775 shares of the company’s stock valued at $2,681,000 after buying an additional 3,410 shares during the last quarter. Stifel Financial Corp boosted its stake in Hillenbrand by 19.8% in the first quarter. Stifel Financial Corp now owns 306,137 shares of the company’s stock valued at $10,978,000 after buying an additional 50,598 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Hillenbrand during the first quarter valued at $183,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Hillenbrand during the first quarter valued at $352,000. Hedge funds and other institutional investors own 78.95% of the company’s stock.
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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