Hillenbrand Inc (HI) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Hillenbrand Inc (NYSE:HI) from a sell rating to a hold rating in a research note released on Wednesday.

According to Zacks, “HILLENBRAND, INC. is the holding company for Batesville Casket Company, a leader in the North American death care industry through the sale of funeral services products, including burial caskets, cremation caskets, containers and urns, selection room display fixturing and other personalization and memorialization products. “

HI has been the topic of several other reports. BidaskClub lowered shares of Hillenbrand from a sell rating to a strong sell rating in a research report on Friday, July 28th. FBR & Co reaffirmed an outperform rating on shares of Hillenbrand in a research report on Tuesday, July 11th.

Hillenbrand (NYSE:HI) opened at 39.20 on Wednesday. The company has a 50-day moving average of $37.41 and a 200 day moving average of $36.57. The company has a market cap of $2.47 billion, a P/E ratio of 20.31 and a beta of 1.26. Hillenbrand has a one year low of $28.60 and a one year high of $39.55.

Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.03. Hillenbrand had a net margin of 7.87% and a return on equity of 19.72%. The firm had revenue of $395.90 million for the quarter, compared to analyst estimates of $388.57 million. During the same period in the prior year, the firm posted $0.53 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. Equities research analysts predict that Hillenbrand will post $2.07 EPS for the current year.

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The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Thursday, September 14th. Hillenbrand’s dividend payout ratio (DPR) is currently 42.27%.

Several institutional investors and hedge funds have recently modified their holdings of HI. BlackRock Inc. raised its position in shares of Hillenbrand by 157,614.4% in the first quarter. BlackRock Inc. now owns 7,772,165 shares of the company’s stock valued at $278,631,000 after purchasing an additional 7,767,237 shares during the period. Janus Henderson Group PLC bought a new position in shares of Hillenbrand in the second quarter valued at about $86,923,000. Janus Capital Management LLC raised its position in shares of Hillenbrand by 153.9% in the first quarter. Janus Capital Management LLC now owns 2,052,612 shares of the company’s stock valued at $73,586,000 after purchasing an additional 1,244,197 shares during the period. Vanguard Group Inc. raised its position in shares of Hillenbrand by 6.7% in the first quarter. Vanguard Group Inc. now owns 5,501,287 shares of the company’s stock valued at $197,221,000 after purchasing an additional 344,593 shares during the period. Finally, Koch Industries Inc. bought a new position in shares of Hillenbrand in the second quarter valued at about $308,000. 76.00% of the stock is currently owned by institutional investors.

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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