Hillenbrand (NYSE:HI) Stock Rating Lowered by StockNews.com

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

Several other research analysts have also recently issued reports on HI. KeyCorp assumed coverage on shares of Hillenbrand in a report on Wednesday, July 10th. They set an “overweight” rating and a $50.00 target price for the company. DA Davidson lowered shares of Hillenbrand from a “buy” rating to a “neutral” rating and dropped their price target for the company from $54.00 to $33.00 in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $48.00.

Hillenbrand Trading Up 1.9 %

Shares of Hillenbrand stock opened at $33.44 on Tuesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.34 and a quick ratio of 0.86. The firm has a fifty day moving average price of $40.00 and a 200 day moving average price of $44.29. Hillenbrand has a 1 year low of $32.65 and a 1 year high of $50.58. The stock has a market cap of $2.35 billion, a PE ratio of 27.64 and a beta of 1.44.

Hillenbrand (NYSE:HI) last issued its earnings results on Wednesday, August 7th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.03. Hillenbrand had a net margin of 2.79% and a return on equity of 14.75%. The firm had revenue of $786.60 million during the quarter, compared to analysts’ expectations of $818.16 million. During the same quarter last year, the company posted $0.95 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. Equities research analysts predict that Hillenbrand will post 3.36 earnings per share for the current year.

Institutional Trading of Hillenbrand

Several institutional investors have recently modified their holdings of the stock. Creative Planning grew its position in shares of Hillenbrand by 9.3% in the second quarter. Creative Planning now owns 26,533 shares of the company’s stock valued at $1,062,000 after purchasing an additional 2,259 shares during the period. Algert Global LLC acquired a new stake in shares of Hillenbrand in the second quarter valued at about $283,000. SkyView Investment Advisors LLC grew its position in shares of Hillenbrand by 12.2% in the second quarter. SkyView Investment Advisors LLC now owns 19,599 shares of the company’s stock valued at $784,000 after purchasing an additional 2,126 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Hillenbrand by 3.8% in the second quarter. The Manufacturers Life Insurance Company now owns 37,639 shares of the company’s stock valued at $1,506,000 after purchasing an additional 1,366 shares during the period. Finally, Mcmorgan & Co. LLC grew its position in shares of Hillenbrand by 7.9% in the second quarter. Mcmorgan & Co. LLC now owns 70,806 shares of the company’s stock valued at $2,834,000 after purchasing an additional 5,180 shares during the period. Institutional investors and hedge funds own 89.09% of the company’s stock.

Hillenbrand Company Profile

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.