Hillenbrand (NYSE:HI – Get Rating) updated its third quarter 2022 earnings guidance on Monday. The company provided EPS guidance of $0.83-$0.90 for the period, compared to the consensus EPS estimate of $0.97. The company issued revenue guidance of -.Hillenbrand also updated its FY 2022 guidance to $3.80-$4.00 EPS.
A number of equities research analysts have recently commented on the stock. DA Davidson reaffirmed a buy rating on shares of Hillenbrand in a research note on Wednesday. Zacks Investment Research lowered shares of Hillenbrand from a buy rating to a hold rating in a research note on Monday, April 11th. Finally, StockNews.com lowered shares of Hillenbrand from a strong-buy rating to a buy rating in a research note on Friday, April 29th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Hillenbrand has a consensus rating of Buy and a consensus target price of $58.50.
NYSE HI traded up $0.63 on Thursday, hitting $41.30. 495,856 shares of the company were exchanged, compared to its average volume of 368,694. The company has a market cap of $3.01 billion, a PE ratio of 13.66, a PEG ratio of 0.91 and a beta of 1.44. Hillenbrand has a 12 month low of $40.03 and a 12 month high of $54.15. The stock has a fifty day moving average of $43.60 and a 200-day moving average of $46.83. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.97.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th will be issued a dividend of $0.2175 per share. The ex-dividend date is Wednesday, June 15th. This represents a $0.87 annualized dividend and a yield of 2.11%. Hillenbrand’s payout ratio is 29.29%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HI. Morgan Stanley raised its holdings in Hillenbrand by 25.6% during the second quarter. Morgan Stanley now owns 354,274 shares of the company’s stock worth $15,615,000 after buying an additional 72,291 shares during the last quarter. Credit Suisse AG raised its holdings in Hillenbrand by 2.8% during the fourth quarter. Credit Suisse AG now owns 63,421 shares of the company’s stock worth $3,298,000 after buying an additional 1,725 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of Hillenbrand in the fourth quarter valued at about $204,000. Mackenzie Financial Corp purchased a new stake in shares of Hillenbrand in the fourth quarter valued at about $223,000. Finally, Legal & General Group Plc raised its holdings in shares of Hillenbrand by 3.1% in the fourth quarter. Legal & General Group Plc now owns 211,962 shares of the company’s stock valued at $11,020,000 after purchasing an additional 6,335 shares during the last quarter. Hedge funds and other institutional investors own 85.91% of the company’s stock.
About Hillenbrand (Get Rating)
Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. The company operates through three segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville. 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, as well as equipment system design; and screening and separating equipment 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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