Hillenbrand Inc (NYSE:HI) Given Consensus Recommendation of “Hold” by Brokerages

Hillenbrand Inc (NYSE:HI) has been given a consensus rating of “Hold” by the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $32.00.

Several equities research analysts have issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Hillenbrand in a research report on Monday, December 29th. CJS Securities restated a “market perform” rating and issued a $32.00 price target on shares of Hillenbrand in a research note on Thursday, October 16th. Zacks Research cut Hillenbrand from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Finally, DA Davidson reissued a “neutral” rating and set a $32.00 target price on shares of Hillenbrand in a report on Thursday, November 20th.

Hedge Funds Weigh In On Hillenbrand

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in shares of Hillenbrand by 37.0% in the first quarter. Royal Bank of Canada now owns 9,950 shares of the company’s stock worth $240,000 after purchasing an additional 2,687 shares during the period. AQR Capital Management LLC increased its holdings in Hillenbrand by 154.2% in the 1st quarter. AQR Capital Management LLC now owns 31,096 shares of the company’s stock valued at $751,000 after buying an additional 18,863 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Hillenbrand by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,786 shares of the company’s stock valued at $1,009,000 after buying an additional 1,829 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Hillenbrand by 622.7% during the 1st quarter. Jones Financial Companies Lllp now owns 3,729 shares of the company’s stock worth $90,000 after acquiring an additional 3,213 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Hillenbrand by 4.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 188,847 shares of the company’s stock worth $4,559,000 after acquiring an additional 8,081 shares in the last quarter. 89.09% of the stock is owned by institutional investors and hedge funds.

Hillenbrand Trading Up 0.0%

Shares of Hillenbrand stock opened at $31.90 on Friday. The business has a fifty day simple moving average of $31.77 and a two-hundred day simple moving average of $27.89. Hillenbrand has a 1 year low of $18.36 and a 1 year high of $35.48. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 52.29 and a beta of 1.38. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.22 and a quick ratio of 0.88.

Hillenbrand (NYSE:HI) last released its quarterly earnings data on Wednesday, November 19th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.62 by $0.21. The firm had revenue of $652.10 million for the quarter, compared to the consensus estimate of $592.25 million. Hillenbrand had a net margin of 1.61% and a return on equity of 12.69%. The company’s quarterly revenue was down 22.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.01 earnings per share. Research analysts forecast that Hillenbrand will post 2.53 EPS for the current year.

Hillenbrand Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were given a $0.2275 dividend. The ex-dividend date was Tuesday, December 16th. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.9%. Hillenbrand’s dividend payout ratio (DPR) is presently 149.18%.

About Hillenbrand

Hillenbrand, Inc, headquartered in Batesville, Indiana, is a global industrial company specializing in engineered equipment and process solutions. Through its Coperion division, Hillenbrand designs and manufactures compounding and extrusion systems, polymer and food processing equipment, bulk material handling technologies and associated automation. These offerings support a variety of end markets, including plastics, chemicals, food, pharmaceutical and minerals, helping customers optimize production efficiency and product quality.

Tracing its roots to the Batesville Casket Company founded in 1906, the organization evolved through strategic acquisitions and expanded its focus on process technologies.