Hillenbrand (NYSE:HI) Upgraded by StockNews.com to Hold Rating

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

HI has been the topic of a number of other reports. DA Davidson restated a “neutral” rating and set a $33.00 price objective on shares of Hillenbrand in a research report on Friday, November 15th. KeyCorp lowered their price target on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $44.67.

Hillenbrand Trading Up 2.5 %

Shares of NYSE:HI opened at $33.78 on Friday. The firm has a fifty day moving average price of $28.59 and a 200 day moving average price of $35.74. The company has a current ratio of 1.27, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. Hillenbrand has a 1 year low of $25.11 and a 1 year high of $50.58. The stock has a market capitalization of $2.37 billion, a PE ratio of -11.31 and a beta of 1.38.

Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, November 13th. The company reported $1.01 earnings per share 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 firm had revenue of $837.60 million during the quarter, compared to the consensus estimate of $793.38 million. During the same quarter in the prior year, the company earned $1.13 EPS. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. Analysts expect that Hillenbrand will post 3.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Hillenbrand

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Hillenbrand by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 8,702,418 shares of the company’s stock valued at $437,645,000 after purchasing an additional 290,275 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Hillenbrand by 13.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock worth $87,408,000 after purchasing an additional 253,730 shares during the period. Edgestream Partners L.P. bought a new position in Hillenbrand during the 3rd quarter worth $4,368,000. Bernzott Capital Advisors increased its position in Hillenbrand by 51.3% during the third quarter. Bernzott Capital Advisors now owns 225,753 shares of the company’s stock worth $6,276,000 after acquiring an additional 76,533 shares during the period. Finally, Financial Counselors Inc. increased its holdings in shares of Hillenbrand by 30.1% during the third quarter. Financial Counselors Inc. now owns 322,252 shares of the company’s stock worth $8,959,000 after purchasing an additional 74,527 shares during the period. Institutional investors own 89.09% of the company’s stock.

About Hillenbrand

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.