Hillenbrand (NYSE:HI) Raised to "Buy" at StockNews.com

Hillenbrand (NYSE:HI - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Thursday.

Several other research analysts have also weighed in on the stock. KeyCorp lowered their price objective on shares of Hillenbrand from $45.00 to $40.00 and set an "overweight" rating on the stock in a research note on Thursday, November 14th. DA Davidson restated a "neutral" rating and issued a $33.00 price objective on shares of Hillenbrand in a research note on Friday, November 15th.

Hillenbrand Stock Up 0.9 %

NYSE:HI traded up $0.28 on Thursday, hitting $31.02. 210,736 shares of the company's stock were exchanged, compared to its average volume of 400,323. The company has a market cap of $2.18 billion, a P/E ratio of -10.37 and a beta of 1.43. The firm has a 50-day moving average price of $31.11 and a 200-day moving average price of $33.73. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.83. Hillenbrand has a 52 week low of $25.11 and a 52 week high of $50.58.

Hillenbrand (NYSE:HI - Get Free Report) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.08. The firm had revenue of $837.60 million during the quarter, compared to the consensus estimate of $793.38 million. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. The business's revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $1.13 earnings per share. As a group, analysts expect that Hillenbrand will post 3.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Matrix Trust Co acquired a new stake in Hillenbrand in the 3rd quarter worth about $25,000. Kennebec Savings Bank bought a new stake in shares of Hillenbrand in the third quarter valued at approximately $48,000. KBC Group NV grew its position in Hillenbrand by 32.2% during the third quarter. KBC Group NV now owns 2,263 shares of the company's stock worth $63,000 after buying an additional 551 shares in the last quarter. nVerses Capital LLC acquired a new stake in Hillenbrand during the third quarter worth approximately $75,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Hillenbrand in the 3rd quarter valued at $120,000. Institutional investors and hedge funds own 89.09% of the company's stock.

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.