Hillenbrand, Inc. (NYSE:HI) VP Christopher H. Trainor bought 3,500 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were bought at an average cost of $31.47 per share, for a total transaction of $110,145.00. Following the transaction, the vice president now owns 28,690 shares in the company, valued at approximately $902,874.30. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
HI traded down $0.41 during trading hours on Monday, reaching $31.21. 705,792 shares of the company’s stock traded hands, compared to its average volume of 464,725. The firm has a 50-day moving average price of $31.39 and a 200 day moving average price of $33.16. Hillenbrand, Inc. has a 52-week low of $26.01 and a 52-week high of $46.00. The company has a quick ratio of 1.44, a current ratio of 1.74 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $1.99 billion, a PE ratio of 12.74 and a beta of 1.27.
Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.03. Hillenbrand had a return on equity of 20.10% and a net margin of 6.72%. The company had revenue of $485.80 million during the quarter, compared to analysts’ expectations of $475.88 million. During the same quarter in the previous year, the business earned $0.67 EPS. Hillenbrand’s revenue was up 2.3% compared to the same quarter last year. Equities analysts predict that Hillenbrand, Inc. will post 2.63 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Hong Kong Ltd purchased a new stake in shares of Hillenbrand in the 2nd quarter worth $35,000. Quadrant Capital Group LLC lifted its holdings in shares of Hillenbrand by 753.1% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,220 shares of the company’s stock worth $36,000 after buying an additional 1,077 shares during the period. FTB Advisors Inc. purchased a new stake in shares of Hillenbrand in the 2nd quarter worth $69,000. Meeder Asset Management Inc. lifted its holdings in shares of Hillenbrand by 22.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 3,376 shares of the company’s stock worth $104,000 after buying an additional 620 shares during the period. Finally, Truvestments Capital LLC purchased a new stake in shares of Hillenbrand in the 3rd quarter worth $114,000. Institutional investors own 83.72% of the company’s stock.
Several equities analysts have recently weighed in on the company. ValuEngine raised Hillenbrand from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research downgraded Hillenbrand from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Sidoti dropped their price objective on Hillenbrand from $54.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Finally, TheStreet cut Hillenbrand from a “b-” rating to a “c+” rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $46.00.
Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.
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