Hillenbrand Inc (HI) Given Consensus Rating of “Buy” by Analysts
Hillenbrand Inc (NYSE:HI) has been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokerages have set a 1-year consensus price objective of $44.00 for the company, according to Zacks. Zacks has also assigned Hillenbrand an industry rank of 193 out of 265 based on the ratings given to its competitors.
A number of equities analysts recently issued reports on HI shares. Zacks Investment Research raised Hillenbrand from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Tuesday, May 16th. FBR & Co reissued an “outperform” rating on shares of Hillenbrand in a report on Tuesday, July 11th. Finally, BidaskClub lowered Hillenbrand from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th.
In other news, Director David Fennell bought 302,000 shares of the business’s stock in a transaction 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. Insiders acquired 807,000 shares of company stock valued at $79,350 over the last 90 days. 1.74% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the company. Jensen Investment Management Inc. increased its stake in Hillenbrand by 24.2% in the second quarter. Jensen Investment Management Inc. now owns 17,970 shares of the company’s stock worth $649,000 after buying an additional 3,500 shares during the period. Chicago Equity Partners LLC increased its stake in Hillenbrand by 1,212.6% in the second quarter. Chicago Equity Partners LLC now owns 101,795 shares of the company’s stock worth $3,675,000 after buying an additional 94,040 shares during the period. Mirador Capital Partners LP increased its stake in Hillenbrand by 2.7% in the second quarter. Mirador Capital Partners LP now owns 26,346 shares of the company’s stock worth $970,000 after buying an additional 695 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Hillenbrand by 9.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,226 shares of the company’s stock worth $116,000 after buying an additional 268 shares during the period. Finally, Prudential Financial Inc. increased its stake in Hillenbrand by 74.1% in the second quarter. Prudential Financial Inc. now owns 382,927 shares of the company’s stock worth $13,824,000 after buying an additional 162,946 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.
Shares of Hillenbrand (HI) opened at 37.00 on Friday. The firm has a market capitalization of $2.33 billion, a PE ratio of 19.17 and a beta of 1.24. Hillenbrand has a 52-week low of $28.60 and a 52-week high of $39.00. The firm’s 50-day moving average price is $36.14 and its 200-day moving average price is $36.46.
Hillenbrand (NYSE:HI) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. Hillenbrand had a return on equity of 19.72% and a net margin of 7.87%. The business had revenue of $395.90 million during the quarter, compared to analyst estimates of $388.57 million. During the same period in the prior year, the company posted $0.53 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, equities analysts predict that Hillenbrand will post $2.07 earnings per share for the current fiscal year.
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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