Hillenbrand (NYSE:HI) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Hillenbrand (NYSE:HIGet Rating) from a buy rating to a hold rating in a research report report published on Monday, Zacks.com reports.

According to Zacks, “Hillenbrand is a global diversified industrial company with multiple market-leading brands that serve a wide variety of industries across the globe. Hillenbrand’s portfolio is comprised of two business segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service highly engineered industrial equipment around the world. Batesville is a recognized leader in the North American death care industry. They pursue profitable growth and robust cash generation driving increased value for their shareholders. Hillenbrand is publicly traded on the NYSE under HI. “

Separately, StockNews.com initiated coverage on Hillenbrand in a report on Thursday, March 31st. They set a buy rating on the stock.

HI stock opened at $41.31 on Monday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.38 and a quick ratio of 0.95. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 0.89 and a beta of 1.48. Hillenbrand has a 1-year low of $40.30 and a 1-year high of $54.15. The business’s 50 day simple moving average is $45.93.

Hillenbrand (NYSE:HIGet Rating) last posted its earnings results on Wednesday, February 2nd. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.03. Hillenbrand had a return on equity of 22.71% and a net margin of 7.67%. The business had revenue of $728.00 million for the quarter, compared to analyst estimates of $703.03 million. During the same period in the previous year, the firm earned $0.96 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. As a group, research analysts predict that Hillenbrand will post 3.92 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Thursday, March 17th were issued a dividend of $0.218 per share. The ex-dividend date of this dividend was Wednesday, March 16th. This represents a $0.87 dividend on an annualized basis and a yield of 2.11%. Hillenbrand’s dividend payout ratio (DPR) is currently 29.29%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley grew its position in Hillenbrand by 25.6% during the second quarter. Morgan Stanley now owns 354,274 shares of the company’s stock worth $15,615,000 after buying an additional 72,291 shares in the last quarter. Convergence Investment Partners LLC bought a new stake in Hillenbrand during the third quarter worth about $177,000. Financial Counselors Inc. lifted its stake in shares of Hillenbrand by 2.7% in the 3rd quarter. Financial Counselors Inc. now owns 198,945 shares of the company’s stock valued at $8,485,000 after acquiring an additional 5,137 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of Hillenbrand by 10.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 60,165 shares of the company’s stock valued at $2,566,000 after acquiring an additional 5,569 shares during the last quarter. Finally, Harvest Investment Services LLC lifted its stake in shares of Hillenbrand by 6.1% in the 3rd quarter. Harvest Investment Services LLC now owns 6,404 shares of the company’s stock valued at $273,000 after acquiring an additional 369 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

About Hillenbrand (Get Rating)

Hillenbrand, Inc operates as a diversified industrial company. The firm engages in the development, manufacture and sale of engineered industrial equipment. It operates through the following segments: Advanced Process Solutions, Molding Technology Solutions and Batesville. The Advanced Process Solutions segment designs, engineers, manufactures, markets and services differentiated process and material handling equipment and systems for industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.

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