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.

TRADEMARK VIOLATION WARNING: “Hillenbrand Inc (HI) Given Consensus Rating of “Buy” by Analysts” was posted by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/09/hillenbrand-inc-hi-given-consensus-rating-of-buy-by-analysts.html.

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.

Get a free copy of the Zacks research report on Hillenbrand (HI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Hillenbrand Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillenbrand Inc and related companies with MarketBeat.com's FREE daily email newsletter.