Hillenbrand Inc (NYSE:HI) – Investment analysts at B. Riley reduced their FY2017 EPS estimates for Hillenbrand in a research report issued to clients and investors on Friday. B. Riley analyst L. Burke now forecasts that the company will earn $2.04 per share for the year, down from their previous forecast of $2.08. B. Riley currently has a “Buy” rating and a $46.00 price objective on the stock. B. Riley also issued estimates for Hillenbrand’s Q4 2017 earnings at $0.56 EPS and FY2018 earnings at $2.34 EPS.
Several other brokerages also recently issued reports on HI. Capital One Financial Corporation initiated coverage on shares of Hillenbrand in a research note on Monday, October 23rd. They set an “equal weight” rating on the stock. Zacks Investment Research downgraded shares of Hillenbrand from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Finally, BidaskClub downgraded shares of Hillenbrand from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $46.00.
Shares of Hillenbrand (NYSE HI) opened at $38.75 on Monday. Hillenbrand has a fifty-two week low of $32.25 and a fifty-two week high of $40.35. The stock has a market cap of $2,448.63, a PE ratio of 18.86 and a beta of 1.36. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.39 and a quick ratio of 1.03.
Several institutional investors have recently added to or reduced their stakes in the company. Allianz Asset Management GmbH acquired a new stake in shares of Hillenbrand in the third quarter worth $418,000. Financial Counselors Inc. increased its position in shares of Hillenbrand by 1.2% in the third quarter. Financial Counselors Inc. now owns 160,597 shares of the company’s stock worth $6,239,000 after acquiring an additional 1,908 shares in the last quarter. Stifel Financial Corp increased its position in shares of Hillenbrand by 5.9% in the third quarter. Stifel Financial Corp now owns 372,218 shares of the company’s stock worth $14,467,000 after acquiring an additional 20,652 shares in the last quarter. OxFORD Asset Management LLP increased its position in shares of Hillenbrand by 9.6% in the third quarter. OxFORD Asset Management LLP now owns 62,460 shares of the company’s stock worth $2,439,000 after acquiring an additional 5,466 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Hillenbrand by 5.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,666,456 shares of the company’s stock worth $64,743,000 after acquiring an additional 91,284 shares in the last quarter. 76.11% of the stock is owned by institutional investors.
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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