Hillenbrand (NYSE:HI) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report issued on Sunday.

HI has been the topic of several other research reports. Zacks Investment Research downgraded Hillenbrand from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Capital One Financial started coverage on Hillenbrand in a research note on Monday, October 23rd. They set an “equal weight” rating on the stock. Finally, B. Riley set a $50.00 target price on Hillenbrand and gave the company a “buy” rating in a research note on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $50.50.

Shares of Hillenbrand (HI) opened at $44.70 on Friday. The stock has a market capitalization of $2,817.13, a P/E ratio of 22.58 and a beta of 1.41. Hillenbrand has a 1-year low of $34.65 and a 1-year high of $46.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.16 and a quick ratio of 0.86.

Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Wednesday, November 15th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.04. The business had revenue of $442.90 million for the quarter, compared to the consensus estimate of $427.45 million. Hillenbrand had a return on equity of 19.26% and a net margin of 7.94%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.58 EPS. analysts forecast that Hillenbrand will post 2.24 earnings per share for the current year.

In other Hillenbrand news, insider Joe Anthony Raver sold 34,565 shares of Hillenbrand stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $43.25, for a total transaction of $1,494,936.25. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Diane R. Bohman sold 6,873 shares of Hillenbrand stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $43.50, for a total value of $298,975.50. Following the sale, the senior vice president now directly owns 36,544 shares in the company, valued at approximately $1,589,664. The disclosure for this sale can be found here. 1.74% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the business. Balyasny Asset Management LLC acquired a new position in shares of Hillenbrand during the 2nd quarter valued at $206,000. Chicago Equity Partners LLC increased its position in shares of Hillenbrand by 1,212.6% during the 2nd quarter. Chicago Equity Partners LLC now owns 101,795 shares of the company’s stock valued at $3,675,000 after purchasing an additional 94,040 shares during the period. Koch Industries Inc. acquired a new position in shares of Hillenbrand during the 2nd quarter valued at $308,000. Schroder Investment Management Group increased its position in shares of Hillenbrand by 6.3% during the 2nd quarter. Schroder Investment Management Group now owns 1,305,211 shares of the company’s stock valued at $47,183,000 after purchasing an additional 77,200 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of Hillenbrand by 3.6% during the 3rd quarter. Prudential Financial Inc. now owns 396,527 shares of the company’s stock valued at $15,405,000 after purchasing an additional 13,600 shares during the period. 76.33% of the stock is currently owned by hedge funds and other institutional investors.

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About Hillenbrand

Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.

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