Hillenbrand (NYSE:HI) Sees Large Volume Increase Following Analyst Upgrade

Hillenbrand Inc (NYSE:HI) saw unusually-strong trading volume on Thursday after DA Davidson raised their price target on the stock from $24.00 to $32.00. DA Davidson currently has a neutral rating on the stock. Approximately 3,594,779 shares traded hands during mid-day trading, an increase of 405% from the previous session’s volume of 711,505 shares.The stock last traded at $31.30 and had previously closed at $31.31.

Several other analysts have also recently weighed in on the stock. Zacks Research cut shares of Hillenbrand from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Hillenbrand in a research note on Wednesday, October 8th. Finally, CJS Securities reissued a “market perform” rating and issued a $32.00 price target on shares of Hillenbrand in a research note on Thursday. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Hillenbrand has an average rating of “Hold” and an average target price of $34.67.

Hedge Funds Weigh In On Hillenbrand

Hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. boosted its position in shares of Hillenbrand by 74.0% during the 2nd 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. GAMMA Investing LLC boosted its position 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 purchasing an additional 781 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Hillenbrand by 29.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,432 shares of the company’s stock worth $49,000 after purchasing an additional 547 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Hillenbrand during the 1st quarter worth approximately $84,000. Finally, Jones Financial Companies Lllp boosted its position in Hillenbrand by 622.7% in the 1st quarter. Jones Financial Companies Lllp now owns 3,729 shares of the company’s stock valued at $90,000 after buying an additional 3,213 shares during the period. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Hillenbrand Price Performance

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 company has a market cap of $2.21 billion, a PE ratio of -125.52 and a beta of 1.46. The company’s 50-day simple moving average is $25.42 and its 200 day simple moving average is $22.53.

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

Hillenbrand Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, September 15th. Hillenbrand’s dividend payout ratio (DPR) is presently -360.00%.

Hillenbrand Company Profile

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.