Hillenbrand (HI) Hits New 1-Year High and Low at $49.10

Hillenbrand, Inc. (NYSE:HI)’s share price reached a new 52-week high and low during trading on Wednesday . The stock traded as low as $49.10 and last traded at $49.15, with a volume of 61893 shares trading hands. The stock had previously closed at $48.60.

Several brokerages have issued reports on HI. ValuEngine raised Hillenbrand from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research lowered Hillenbrand from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, B. Riley raised their price objective on Hillenbrand from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $51.50.

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The company has a market capitalization of $2,997.13, a price-to-earnings ratio of 23.03 and a beta of 1.21. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.92 and a current ratio of 1.24.

Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, January 31st. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.05. Hillenbrand had a net margin of 7.52% and a return on equity of 19.51%. The business had revenue of $397.20 million during the quarter, compared to the consensus estimate of $384.30 million. During the same quarter in the prior year, the firm earned $0.42 earnings per share. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. research analysts expect that Hillenbrand, Inc. will post 2.36 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were paid a dividend of $0.2075 per share. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $0.83 annualized dividend and a dividend yield of 1.70%. Hillenbrand’s dividend payout ratio (DPR) is 39.34%.

In related news, VP Eric M. Teegarden sold 5,177 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $44.49, for a total value of $230,324.73. Following the completion of the sale, the vice president now owns 3,531 shares in the company, valued at $157,094.19. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Joe Anthony Raver sold 33,931 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $47.04, for a total transaction of $1,596,114.24. The disclosure for this sale can be found here. Insiders have sold 39,525 shares of company stock valued at $1,846,113 in the last quarter. Insiders own 1.81% of the company’s stock.

A number of large investors have recently made changes to their positions in HI. New York State Common Retirement Fund lifted its position in Hillenbrand by 1.5% in the third quarter. New York State Common Retirement Fund now owns 126,238 shares of the company’s stock valued at $4,904,000 after purchasing an additional 1,839 shares during the period. Russell Investments Group Ltd. acquired a new stake in Hillenbrand in the third quarter valued at about $712,000. JPMorgan Chase & Co. lifted its position in Hillenbrand by 5.1% in the third quarter. JPMorgan Chase & Co. now owns 99,369 shares of the company’s stock valued at $3,911,000 after purchasing an additional 4,798 shares during the period. Dimensional Fund Advisors LP lifted its position in Hillenbrand by 5.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,666,456 shares of the company’s stock valued at $64,743,000 after purchasing an additional 91,284 shares during the period. Finally, Allianz Asset Management GmbH acquired a new stake in Hillenbrand in the third quarter valued at about $418,000. Hedge funds and other institutional investors own 78.14% of the company’s stock.

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About Hillenbrand

Hillenbrand, Inc operates as a diversified industrial company worldwide. 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, and forest products.

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