Hillenbrand (NYSE:HI) Upgraded at Zacks Research

Zacks Research upgraded shares of Hillenbrand (NYSE:HI) from a hold rating to a strong-buy rating in a research note published on Tuesday,Zacks.com reports.

Hillenbrand Stock Up 3.5%

HI stock opened at $25.69 on Tuesday. The company has a 50 day moving average price of $23.20 and a two-hundred day moving average price of $22.66. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.87 and a current ratio of 1.25. The stock has a market capitalization of $1.81 billion, a P/E ratio of -102.76 and a beta of 1.47. Hillenbrand has a one year low of $18.36 and a one year high of $35.59.

Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. Hillenbrand had a positive return on equity of 13.53% and a negative net margin of 0.63%.The company had revenue of $598.90 million for the quarter, compared to analyst estimates of $572.48 million. During the same quarter in the prior year, the company posted $0.85 EPS. The business’s revenue for the quarter was down 23.9% compared to the same quarter last year. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. As a group, sell-side analysts expect that Hillenbrand will post 2.53 EPS for the current year.

Hillenbrand Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, September 15th. Hillenbrand’s dividend payout ratio is presently -360.00%.

Institutional Investors Weigh In On Hillenbrand

A number of institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. raised its stake in Hillenbrand by 74.0% during the second quarter. Osaic Holdings Inc. now owns 1,965 shares of the company’s stock worth $40,000 after purchasing an additional 836 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Hillenbrand during the 4th quarter worth $42,000. GAMMA Investing LLC increased its holdings in shares of Hillenbrand by 65.9% during the 1st quarter. GAMMA Investing LLC now owns 1,966 shares of the company’s stock worth $47,000 after buying an additional 781 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Hillenbrand by 29.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,432 shares of the company’s stock worth $49,000 after buying an additional 547 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Hillenbrand in the first quarter valued at $84,000. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

About Hillenbrand

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.