Hillenbrand Inc (NYSE:HI) Cut to Hold at Zacks Investment Research

Hillenbrand Inc (NYSE:HI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday, July 12th.

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. “

Shares of Hillenbrand (NYSE HI) opened at 37.00 on Wednesday. The firm’s 50-day moving average price is $36.14 and its 200 day moving average price is $36.46. The stock has a market cap of $2.33 billion, a P/E ratio of 19.17 and a beta of 1.24. Hillenbrand has a one year low of $28.60 and a one year high of $39.00.

Hillenbrand (NYSE:HI) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.03. The company had revenue of $395.90 million for the quarter, compared to analysts’ expectations of $388.57 million. Hillenbrand had a return on equity of 19.72% and a net margin of 7.87%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Equities research analysts expect that Hillenbrand will post $2.06 EPS for the current fiscal year.

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In related news, Director David Fennell acquired 302,000 shares of Hillenbrand stock in a transaction on Monday, June 26th. The shares were bought at an average price of $0.10 per share, for a total transaction of $30,200.00. In the last 90 days, insiders have acquired 807,000 shares of company stock worth $79,350. 1.74% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Hillenbrand by 75.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,958 shares of the company’s stock worth $106,000 after buying an additional 1,268 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Hillenbrand by 9.4% in the first quarter. Envestnet Asset Management Inc. now owns 2,971 shares of the company’s stock worth $107,000 after buying an additional 255 shares during the last quarter. Strs Ohio raised its stake in shares of Hillenbrand by 50.0% in the second quarter. Strs Ohio now owns 3,000 shares of the company’s stock worth $108,000 after buying an additional 1,000 shares during the last quarter. Tyers Asset Management LLC raised its stake in shares of Hillenbrand by 14.2% in the first quarter. Tyers Asset Management LLC now owns 3,388 shares of the company’s stock worth $121,000 after buying an additional 420 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Hillenbrand by 0.4% in the first quarter. IFP Advisors Inc now owns 3,573 shares of the company’s stock worth $128,000 after buying an additional 14 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Hillenbrand Company Profile

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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