Hillenbrand (NYSE:HI) Upgraded by Zacks Research to Strong-Buy Rating

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, September 9th,Zacks.com reports.

Hillenbrand Trading Up 0.0%

Hillenbrand stock traded up $0.01 during midday trading on Tuesday, hitting $24.74. 90,447 shares of the stock were exchanged, compared to its average volume of 525,497. The company has a fifty day simple moving average of $23.29 and a two-hundred day simple moving average of $22.49. Hillenbrand has a 52 week low of $18.36 and a 52 week high of $35.59. The stock has a market capitalization of $1.74 billion, a PE ratio of -98.94 and a beta of 1.47. 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 (NYSE:HI - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. Hillenbrand had a negative net margin of 0.63% and a positive return on equity of 13.53%. The business had revenue of $598.90 million for the quarter, compared to analyst estimates of $572.48 million. During the same quarter last year, the firm earned $0.85 EPS. Hillenbrand's quarterly revenue was down 23.9% compared to the same quarter last year. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. Equities research analysts anticipate that Hillenbrand will post 2.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Hillenbrand

Institutional investors and hedge funds have recently modified their holdings of the business. Clarkston Capital Partners LLC increased its stake in Hillenbrand by 0.4% during the 1st quarter. Clarkston Capital Partners LLC now owns 3,760,951 shares of the company's stock worth $90,789,000 after purchasing an additional 14,200 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Hillenbrand by 0.7% in the first quarter. Victory Capital Management Inc. now owns 2,579,576 shares of the company's stock valued at $62,271,000 after buying an additional 18,356 shares during the period. Channing Capital Management LLC increased its position in shares of Hillenbrand by 224.0% during the first quarter. Channing Capital Management LLC now owns 2,173,373 shares of the company's stock worth $52,465,000 after acquiring an additional 1,502,548 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Hillenbrand by 0.7% during the second quarter. Geode Capital Management LLC now owns 1,661,890 shares of the company's stock worth $33,359,000 after acquiring an additional 11,849 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Hillenbrand by 5.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,142,805 shares of the company's stock worth $27,587,000 after acquiring an additional 57,987 shares during the period. 89.09% of the stock is currently owned by institutional investors and hedge funds.

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.