Hillenbrand (HI) Raised to Buy at ValuEngine

ValuEngine upgraded shares of Hillenbrand (NYSE:HI) from a hold rating to a buy rating in a report issued on Friday morning.

HI has been the subject of a number of other reports. B. Riley upped their target price on Hillenbrand from $50.00 to $53.00 and gave the company a buy rating in a research note on Thursday, February 1st. Zacks Investment Research upgraded Hillenbrand from a sell rating to a hold rating in a research note on Wednesday, October 11th. Finally, Capital One Financial began coverage on Hillenbrand in a research note on Monday, October 23rd. They issued an equal weight rating for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $52.00.

Hillenbrand (HI) opened at $42.90 on Friday. Hillenbrand has a 1-year low of $34.65 and a 1-year high of $46.50. The company has a market capitalization of $2,795.43, a P/E ratio of 19.98 and a beta of 1.31. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.62.

Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The company had revenue of $397.20 million during the quarter, compared to analyst estimates of $384.30 million. Hillenbrand had a return on equity of 19.51% and a net margin of 7.52%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 earnings per share. equities research analysts anticipate that Hillenbrand will post 2.33 EPS for the current year.

In other Hillenbrand news, SVP Diane R. Bohman sold 6,873 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $43.50, for a total value of $298,975.50. Following the sale, the senior vice president now directly owns 36,544 shares in the company, valued at $1,589,664. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joe Anthony Raver sold 34,565 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $43.25, for a total value of $1,494,936.25. The disclosure for this sale can be found here. Corporate insiders own 1.81% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Meeder Asset Management Inc. grew its position in Hillenbrand by 33.2% in the fourth quarter. Meeder Asset Management Inc. now owns 10,991 shares of the company’s stock valued at $490,000 after acquiring an additional 2,738 shares during the period. US Bancorp DE grew its position in Hillenbrand by 1,425.0% in the fourth quarter. US Bancorp DE now owns 12,810 shares of the company’s stock valued at $572,000 after acquiring an additional 11,970 shares during the period. Victory Capital Management Inc. grew its position in Hillenbrand by 6.5% in the fourth quarter. Victory Capital Management Inc. now owns 29,184 shares of the company’s stock valued at $1,305,000 after acquiring an additional 1,770 shares during the period. Ifrah Financial Services Inc. bought a new stake in shares of Hillenbrand during the fourth quarter worth $220,000. Finally, Algert Global LLC bought a new stake in shares of Hillenbrand during the fourth quarter worth $642,000. Hedge funds and other institutional investors own 74.27% of the company’s stock.

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About Hillenbrand

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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