Hillenbrand, Inc. (HI) Receives $53.00 Average Price Target from Analysts

Shares of Hillenbrand, Inc. (NYSE:HI) have been given an average recommendation of “Buy” by the six analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $53.00.

HI has been the subject of a number of research reports. B. Riley restated a “buy” rating and set a $50.00 price objective on shares of Hillenbrand in a research report on Monday, December 18th. Zacks Investment Research lowered Hillenbrand from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, ValuEngine upgraded Hillenbrand from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st.

NYSE HI traded up $0.30 during trading on Friday, reaching $46.60. 202,472 shares of the company’s stock were exchanged, compared to its average volume of 277,724. Hillenbrand has a fifty-two week low of $34.65 and a fifty-two week high of $48.00. The firm has a market capitalization of $2,959.31, a PE ratio of 21.87 and a beta of 1.21. 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 announced its quarterly earnings data on Wednesday, January 31st. The company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.05. Hillenbrand had a return on equity of 19.51% and a net margin of 7.52%. The firm had revenue of $397.20 million during the quarter, compared to analyst estimates of $384.30 million. During the same period last year, the company posted $0.42 EPS. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. research analysts anticipate that Hillenbrand will post 2.36 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were paid a dividend of $0.2075 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Thursday, March 15th. Hillenbrand’s dividend payout ratio (DPR) is presently 39.34%.

In other news, VP Eric M. Teegarden sold 5,177 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $44.49, for a total transaction of $230,324.73. Following the completion of the sale, the vice president now directly owns 3,531 shares of the company’s stock, valued at approximately $157,094.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joe Anthony Raver sold 33,931 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $47.04, for a total value of $1,596,114.24. The disclosure for this sale can be found here. Insiders have sold a total of 39,525 shares of company stock valued at $1,846,113 over the last ninety days. Company insiders own 1.81% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Koch Industries Inc. raised its stake in shares of Hillenbrand by 102.6% in the 4th quarter. Koch Industries Inc. now owns 14,893 shares of the company’s stock valued at $666,000 after acquiring an additional 7,543 shares in the last quarter. Knowledge Leaders Capital LLC bought a new position in shares of Hillenbrand in the 4th quarter valued at approximately $2,429,000. US Bancorp DE raised its stake in shares of Hillenbrand by 1,425.0% in the 4th 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 in the last quarter. Ramsey Quantitative Systems acquired a new stake in Hillenbrand in the 4th quarter valued at approximately $342,000. Finally, Nationwide Fund Advisors grew its holdings in Hillenbrand by 7.6% in the 3rd quarter. Nationwide Fund Advisors now owns 87,040 shares of the company’s stock valued at $3,382,000 after buying an additional 6,115 shares during the last quarter. 78.13% of the stock is currently owned by institutional investors and hedge funds.

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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.

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