Hillenbrand (HI) Now Covered by Analysts at Buckingham Research

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Buckingham Research started coverage on shares of Hillenbrand (NYSE:HI) in a research note issued to investors on Thursday morning, Benzinga reports. The brokerage issued a buy rating and a $53.00 price objective on the stock.

Shares of HI stock opened at $38.91 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.92 and a debt-to-equity ratio of 0.47. Hillenbrand has a 1 year low of $36.22 and a 1 year high of $53.41. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 16.49 and a beta of 1.24.

Hillenbrand (NYSE:HI) last issued its earnings results on Wednesday, May 1st. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $464.60 million for the quarter, compared to analysts’ expectations of $444.60 million. Hillenbrand had a net margin of 8.17% and a return on equity of 20.21%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS. As a group, sell-side analysts expect that Hillenbrand will post 2.53 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.84 annualized dividend and a dividend yield of 2.16%. Hillenbrand’s payout ratio is currently 34.57%.

Institutional investors have recently added to or reduced their stakes in the company. Zions Bancorporation N.A. bought a new position in Hillenbrand in the first quarter valued at $41,000. Pearl River Capital LLC increased its stake in Hillenbrand by 175.6% in the first quarter. Pearl River Capital LLC now owns 1,086 shares of the company’s stock valued at $46,000 after acquiring an additional 692 shares during the last quarter. Intercontinental Wealth Advisors LLC bought a new position in Hillenbrand in the fourth quarter valued at $42,000. NumerixS Investment Technologies Inc increased its stake in Hillenbrand by 2,500.0% in the first quarter. NumerixS Investment Technologies Inc now owns 2,600 shares of the company’s stock valued at $108,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Advisor Group Inc. increased its stake in Hillenbrand by 50.3% in the fourth quarter. Advisor Group Inc. now owns 2,804 shares of the company’s stock valued at $106,000 after acquiring an additional 939 shares during the last quarter. 77.30% of the stock is currently owned by hedge funds and other institutional investors.

Hillenbrand Company Profile

Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. 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, forest products, and other general industrials.

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