KeyCorp Begins Coverage on Hillenbrand (NYSE:HI)

Analysts at KeyCorp assumed coverage on shares of Hillenbrand (NYSE:HI) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm set an “overweight” rating and a $50.00 price target on the stock. KeyCorp’s target price would suggest a potential upside of 16.41% from the company’s current price.

Hillenbrand Price Performance

Shares of NYSE:HI opened at $42.95 on Wednesday. The stock has a market cap of $3.01 billion, a PE ratio of 35.50 and a beta of 1.44. The company’s fifty day moving average is $42.74 and its 200 day moving average is $45.65. Hillenbrand has a 52 week low of $37.19 and a 52 week high of $53.67. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.24.

Hillenbrand (NYSE:HI) last issued its earnings results on Tuesday, April 30th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. The company had revenue of $785.30 million for the quarter, compared to analysts’ expectations of $801.55 million. Hillenbrand had a net margin of 2.79% and a return on equity of 14.75%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 EPS. Research analysts anticipate that Hillenbrand will post 3.37 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Leo Kulmaczewski purchased 900 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were acquired at an average price of $42.10 per share, with a total value of $37,890.00. Following the acquisition, the vice president now directly owns 1,886 shares in the company, valued at $79,400.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, VP Leo Kulmaczewski purchased 900 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were acquired at an average price of $42.10 per share, with a total value of $37,890.00. Following the acquisition, the vice president now directly owns 1,886 shares in the company, valued at $79,400.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Kimberly K. Ryan purchased 2,350 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was purchased at an average cost of $42.69 per share, for a total transaction of $100,321.50. Following the acquisition, the chief executive officer now owns 135,954 shares in the company, valued at $5,803,876.26. The disclosure for this purchase can be found here. Insiders have acquired a total of 6,537 shares of company stock worth $278,193 in the last 90 days. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hillenbrand

A number of large investors have recently added to or reduced their stakes in HI. GAMMA Investing LLC boosted its stake in shares of Hillenbrand by 58.2% during the 2nd quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock valued at $28,000 after purchasing an additional 262 shares in the last quarter. GoalVest Advisory LLC bought a new stake in shares of Hillenbrand during the 4th quarter valued at about $37,000. Transcendent Capital Group LLC bought a new stake in shares of Hillenbrand during the 4th quarter valued at about $63,000. LRI Investments LLC bought a new stake in shares of Hillenbrand during the 1st quarter valued at about $117,000. Finally, Greenleaf Trust bought a new stake in shares of Hillenbrand during the 1st quarter valued at about $200,000. Institutional investors own 89.09% of the company’s stock.

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.