Hillenbrand (NYSE:HI) Downgraded by Zacks Investment Research to “Sell”

Hillenbrand (NYSE:HI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, Zacks.com reports.

According to Zacks, “Hillenbrand is a global diversified industrial company with multiple market-leading brands that serve a wide variety of industries across the globe. Hillenbrand’s portfolio is comprised of two business segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service highly engineered industrial equipment around the world. Batesville is a recognized leader in the North American death care industry. They pursue profitable growth and robust cash generation driving increased value for their shareholders. Hillenbrand is publicly traded on the NYSE under HI. “

Separately, Sidoti cut their price objective on Hillenbrand from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $46.00.

Shares of HI stock opened at $27.02 on Friday. The stock’s fifty day moving average price is $31.29 and its two-hundred day moving average price is $30.81. The company has a market cap of $2.17 billion, a PE ratio of 19.03 and a beta of 1.29. Hillenbrand has a fifty-two week low of $26.01 and a fifty-two week high of $46.00. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.89 and a current ratio of 1.39.

Hillenbrand (NYSE:HI) last issued its earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.13. Hillenbrand had a return on equity of 19.15% and a net margin of 4.58%. The firm had revenue of $567.00 million for the quarter, compared to the consensus estimate of $423.90 million. During the same quarter last year, the business posted $0.49 EPS. The company’s revenue was up 38.2% compared to the same quarter last year. On average, equities analysts predict that Hillenbrand will post 2.42 EPS for the current fiscal year.

In other news, VP Christopher H. Trainor acquired 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average price of $31.47 per share, with a total value of $110,145.00. Following the acquisition, the vice president now directly owns 28,690 shares in the company, valued at approximately $902,874.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP J Michael Whitted acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were purchased at an average cost of $28.56 per share, for a total transaction of $28,560.00. In the last three months, insiders have purchased 5,500 shares of company stock worth $167,585. 3.33% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Mirador Capital Partners LP raised its position in shares of Hillenbrand by 139.9% in the 3rd quarter. Mirador Capital Partners LP now owns 71,586 shares of the company’s stock worth $2,211,000 after acquiring an additional 41,743 shares in the last quarter. Raymond James Trust N.A. raised its position in shares of Hillenbrand by 3.9% in the 4th quarter. Raymond James Trust N.A. now owns 9,644 shares of the company’s stock worth $321,000 after acquiring an additional 363 shares in the last quarter. Rhumbline Advisers raised its position in shares of Hillenbrand by 2.5% in the 3rd quarter. Rhumbline Advisers now owns 191,529 shares of the company’s stock worth $5,914,000 after acquiring an additional 4,668 shares in the last quarter. Foundry Partners LLC raised its position in shares of Hillenbrand by 11.8% in the 3rd quarter. Foundry Partners LLC now owns 230,246 shares of the company’s stock worth $7,110,000 after acquiring an additional 24,358 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of Hillenbrand by 431.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 15,390 shares of the company’s stock worth $475,000 after acquiring an additional 12,492 shares in the last quarter. 85.59% of the stock is owned by institutional investors and hedge funds.

About Hillenbrand

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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