Hillenbrand Inc (NYSE:HI) Receives $32.00 Average PT from Brokerages

Shares of Hillenbrand Inc (NYSE:HI) have received an average recommendation of “Hold” from the five brokerages that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation. The average 1-year target price among analysts that have issued a report on the stock in the last year is $34.6667.

Several research firms have recently commented on HI. Zacks Research cut shares of Hillenbrand from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. CJS Securities reaffirmed a “market perform” rating and issued a $32.00 target price on shares of Hillenbrand in a research report on Thursday, October 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hillenbrand in a research report on Wednesday, October 8th. Finally, DA Davidson raised their target price on shares of Hillenbrand from $24.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th.

Hillenbrand Trading Up 0.0%

Shares of HI opened at $31.50 on Thursday. The stock has a market capitalization of $2.22 billion, a P/E ratio of -125.98 and a beta of 1.46. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 1.23. The firm has a fifty day simple moving average of $26.15 and a two-hundred day simple moving average of $22.78. Hillenbrand has a twelve month low of $18.36 and a twelve month high of $35.59.

Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. The business had revenue of $598.90 million during the quarter, compared to analysts’ expectations of $572.48 million. Hillenbrand had a negative net margin of 0.63% and a positive return on equity of 13.53%. The firm’s revenue for the quarter was down 23.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 EPS. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. On average, research analysts anticipate that Hillenbrand will post 2.53 EPS for the current year.

Hillenbrand Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, September 15th. Hillenbrand’s dividend payout ratio (DPR) is currently -360.00%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Clarkston Capital Partners LLC increased its stake in shares of Hillenbrand by 0.4% in the 1st quarter. Clarkston Capital Partners LLC now owns 3,760,951 shares of the company’s stock worth $90,789,000 after acquiring an additional 14,200 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Hillenbrand by 0.7% in the 1st quarter. Victory Capital Management Inc. now owns 2,579,576 shares of the company’s stock worth $62,271,000 after acquiring an additional 18,356 shares in the last quarter. Channing Capital Management LLC increased its stake in shares of Hillenbrand by 224.0% in the 1st quarter. Channing Capital Management LLC now owns 2,173,373 shares of the company’s stock worth $52,465,000 after acquiring an additional 1,502,548 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Hillenbrand by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,661,890 shares of the company’s stock worth $33,359,000 after acquiring an additional 11,849 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Hillenbrand by 5.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,142,805 shares of the company’s stock worth $27,587,000 after acquiring an additional 57,987 shares in the last quarter. 89.09% of the stock is currently owned by institutional investors.

About Hillenbrand

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.