Zacks Investment Research Downgrades Hillenbrand Inc (HI) to Sell
Zacks Investment Research downgraded shares of Hillenbrand Inc (NYSE:HI) from a hold rating to a sell rating in a research note released on Wednesday.
According to Zacks, “HILLENBRAND, INC. is the holding company for Batesville Casket Company, a leader in the North American death care industry through the sale of funeral services products, including burial caskets, cremation caskets, containers and urns, selection room display fixturing and other personalization and memorialization products. “
HI has been the topic of several other research reports. BidaskClub lowered Hillenbrand from a sell rating to a strong sell rating in a research report on Friday, July 28th. FBR & Co restated an outperform rating on shares of Hillenbrand in a research report on Tuesday, July 11th.
Shares of Hillenbrand (NYSE:HI) opened at 39.25 on Wednesday. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 20.34 and a beta of 1.26. Hillenbrand has a 52-week low of $28.60 and a 52-week high of $39.55. The stock’s 50 day moving average price is $36.83 and its 200-day moving average price is $36.44.
Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, August 2nd. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.50 by $0.03. Hillenbrand had a return on equity of 19.72% and a net margin of 7.87%. The company had revenue of $395.90 million for the quarter, compared to analyst estimates of $388.57 million. During the same quarter in the prior year, the company earned $0.53 EPS. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, analysts forecast that Hillenbrand will post $2.07 EPS for the current year.
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The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Thursday, September 14th. Hillenbrand’s dividend payout ratio (DPR) is currently 42.27%.
A number of hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc raised its stake in Hillenbrand by 1.0% during the 2nd quarter. IFP Advisors Inc now owns 3,608 shares of the company’s stock worth $130,000 after buying an additional 35 shares during the period. Atria Investments LLC raised its stake in Hillenbrand by 1.2% during the 2nd quarter. Atria Investments LLC now owns 7,644 shares of the company’s stock worth $276,000 after buying an additional 92 shares during the period. Banced Corp raised its stake in Hillenbrand by 1.4% during the 2nd quarter. Banced Corp now owns 8,514 shares of the company’s stock worth $307,000 after buying an additional 115 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in Hillenbrand by 1.1% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 14,410 shares of the company’s stock worth $517,000 after buying an additional 150 shares during the period. Finally, Citadel Advisors LLC raised its stake in Hillenbrand by 0.4% during the 1st quarter. Citadel Advisors LLC now owns 44,690 shares of the company’s stock worth $1,602,000 after buying an additional 158 shares during the period. 76.00% of the stock is currently owned by institutional investors and hedge funds.
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.
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