KeyCorp Begins Coverage on Hillenbrand (NYSE:HI)

Research analysts at KeyCorp began coverage on shares of Hillenbrand (NYSE:HIGet Free Report) in a report issued on Wednesday, Briefing.com reports. The brokerage set an “overweight” rating and a $50.00 price target on the stock. KeyCorp’s price target suggests a potential upside of 31.65% from the stock’s previous close.

Hillenbrand Stock Down 2.6 %

HI stock opened at $37.98 on Wednesday. The company has a market cap of $2.67 billion, a P/E ratio of 31.39 and a beta of 1.44. Hillenbrand has a 52 week low of $37.19 and a 52 week high of $53.67. The company’s 50-day moving average price is $42.73 and its 200 day moving average price is $45.70. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.24.

Hillenbrand (NYSE:HIGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. The firm had revenue of $785.30 million for the quarter, compared to the consensus estimate of $801.55 million. Hillenbrand had a net margin of 2.79% and a return on equity of 14.75%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 earnings per share. On average, research analysts expect that Hillenbrand will post 3.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hillenbrand news, CFO Robert M. Vanhimbergen purchased 2,400 shares of Hillenbrand stock in a transaction on Friday, May 3rd. The shares were bought at an average price of $42.58 per share, with a total value of $102,192.00. Following the completion of the acquisition, the chief financial officer now directly owns 48,794 shares of the company’s stock, valued at $2,077,648.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Hillenbrand news, CFO Robert M. Vanhimbergen purchased 2,400 shares of Hillenbrand stock in a transaction on Friday, May 3rd. The shares were bought at an average price of $42.58 per share, with a total value of $102,192.00. Following the completion of the acquisition, the chief financial officer now directly owns 48,794 shares of the company’s stock, valued at $2,077,648.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Kimberly K. Ryan purchased 2,350 shares of Hillenbrand stock in a transaction on Friday, May 3rd. The stock was acquired at an average cost of $42.69 per share, for a total transaction of $100,321.50. Following the acquisition, the chief executive officer now directly owns 135,954 shares of the company’s stock, valued at $5,803,876.26. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 6,537 shares of company stock valued at $278,193. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Hillenbrand

Several institutional investors and hedge funds have recently modified their holdings of HI. GAMMA Investing LLC lifted its stake in shares of Hillenbrand by 58.2% during the second quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock valued at $28,000 after buying an additional 262 shares during the period. GoalVest Advisory LLC purchased a new position in shares of Hillenbrand during the fourth quarter valued at approximately $37,000. Transcendent Capital Group LLC purchased a new position in shares of Hillenbrand during the fourth quarter valued at approximately $63,000. LRI Investments LLC purchased a new position in shares of Hillenbrand during the first quarter valued at approximately $117,000. Finally, Greenleaf Trust acquired a new position in Hillenbrand during the first quarter worth approximately $200,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.

About Hillenbrand

(Get Free Report)

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.

See Also

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