Hillenbrand (NYSE:HI) Rating Increased to Strong-Buy at Zacks Research

Key Points

• Zacks Research has upgraded Hillenbrand's rating from "hold" to "strong-buy," indicating increased confidence in the company's stock performance.
• Hillenbrand reported a quarterly EPS of $0.51, exceeding analysts' expectations, although its revenue declined by 23.9% compared to the same quarter last year.
• The company has set its FY 2025 guidance for EPS between $2.200-2.350, with analysts predicting a current year EPS of $2.53.

Hillenbrand (NYSE:HI - Get Free Report) was upgraded by stock analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued on Tuesday,Zacks.com reports.

Hillenbrand Stock Down 0.4%

Shares of Hillenbrand stock opened at $24.81 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 1.23. Hillenbrand has a 12 month low of $18.36 and a 12 month high of $35.59. The business has a fifty day simple moving average of $23.14 and a 200 day simple moving average of $22.69. The stock has a market cap of $1.75 billion, a PE ratio of -99.24 and a beta of 1.47.

Hillenbrand (NYSE:HI - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates 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 positive return on equity of 13.53% and a negative net margin of 0.63%.The firm's quarterly revenue was down 23.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 earnings per share. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. Research analysts predict that Hillenbrand will post 2.53 EPS for the current year.

Institutional Investors Weigh In On Hillenbrand

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. increased its holdings in Hillenbrand by 6.2% in the fourth quarter. Ameriprise Financial Inc. now owns 275,679 shares of the company's stock valued at $8,485,000 after purchasing an additional 16,027 shares during the period. Bank of America Corp DE lifted its position in Hillenbrand by 10.6% in the 4th quarter. Bank of America Corp DE now owns 504,602 shares of the company's stock valued at $15,532,000 after acquiring an additional 48,508 shares in the last quarter. Cetera Investment Advisers lifted its position in Hillenbrand by 8.8% in the 4th quarter. Cetera Investment Advisers now owns 9,574 shares of the company's stock valued at $295,000 after acquiring an additional 773 shares in the last quarter. Deutsche Bank AG lifted its position in Hillenbrand by 18.2% in the 4th quarter. Deutsche Bank AG now owns 140,576 shares of the company's stock valued at $4,327,000 after acquiring an additional 21,666 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its position in Hillenbrand by 3.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 154,971 shares of the company's stock valued at $4,770,000 after acquiring an additional 5,336 shares in the last quarter. 89.09% of the stock is currently owned by institutional investors.

Hillenbrand Company Profile

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.

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