#6 - Hillenbrand (NYSE:HI)
Hillenbrand Inc. (NYSE: HI) is a mid-cap company with just a 3.40 billion market cap. The company has transformed itself from its origins as a casket company into a global industrial company serving various industries. After selling off the casket business, the Batesville Casket Company, in 2022, Hillenbrand's business is divided into Advanced Process Solutions and Molding Technology Solutions.
This is a mature company that isn't going to deliver eye-popping revenue or earnings. However, what it may like in excitement, it makes up for in consistency. Year after year, the company has been delivering dividends to shareholders that have been increasing for 17 consecutive years and has a conservative payout ratio of just 11%.
HI stock has been rangebound for the last four years, which is consistent with the volatility in the manufacturing sector. The company's guidance in its February earnings report is conservative, but that could lead to an upside surprise in future quarters.
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.
Read More - Current Price
- $31.02
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 1 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $36.50 (17.7% Upside)
