Hillenbrand (NYSE:HI) Rating Increased to Hold at StockNews.com

Hillenbrand (NYSE:HI) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Other equities analysts also recently issued research reports about the company. KeyCorp decreased their target price on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. DA Davidson reiterated a “neutral” rating and issued a $33.00 price target on shares of Hillenbrand in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $44.67.

Hillenbrand Price Performance

Hillenbrand stock opened at $32.97 on Friday. Hillenbrand has a 12 month low of $25.11 and a 12 month high of $50.58. The stock’s 50 day moving average is $28.32 and its 200-day moving average is $35.83. The company has a current ratio of 1.27, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of -11.03 and a beta of 1.38.

Hillenbrand (NYSE:HI) last posted its earnings results on Wednesday, November 13th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.93 by $0.08. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. The company had revenue of $837.60 million for the quarter, compared to the consensus estimate of $793.38 million. During the same quarter in the prior year, the business earned $1.13 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts expect that Hillenbrand will post 3.45 EPS for the current year.

Institutional Investors Weigh In On Hillenbrand

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System increased its holdings in shares of Hillenbrand by 30.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 25,670 shares of the company’s stock worth $1,220,000 after buying an additional 5,940 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Hillenbrand by 3.5% during the first quarter. Vanguard Group Inc. now owns 8,702,418 shares of the company’s stock worth $437,645,000 after buying an additional 290,275 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Hillenbrand by 2.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 11,530 shares of the company’s stock worth $580,000 after buying an additional 259 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Hillenbrand by 9.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 65,384 shares of the company’s stock worth $3,287,000 after buying an additional 5,429 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of Hillenbrand during the first quarter worth $123,000. 89.09% of the stock is currently owned by institutional investors.

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.