Hillenbrand (HI) Stock Forecast, Price & News

Hillenbrand's stock was trading at $42.67 at the beginning of 2023. Since then, HI shares have increased by 0.4% and is now trading at $42.85.
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Hillenbrand saw a decline in short interest in August. As of August 31st, there was short interest totaling 688,900 shares, a decline of 10.9% from the August 15th total of 772,900 shares. Based on an average daily volume of 255,400 shares, the short-interest ratio is presently 2.7 days. Currently, 1.0% of the company's stock are short sold.
View Hillenbrand's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 15th 2023.
View our HI earnings forecast.

Hillenbrand, Inc. (NYSE:HI) posted its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.04. The firm earned $716.60 million during the quarter, compared to the consensus estimate of $728 million. Hillenbrand had a net margin of 21.62% and a trailing twelve-month return on equity of 17.04%. The firm's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 EPS.

Hillenbrand announced a quarterly dividend on Thursday, August 24th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.22 per share on Friday, September 29th. This represents a $0.88 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Thursday, September 14th.
Read our dividend analysis for HI.

ETFs with the largest weight of Hillenbrand (NYSE:HI) stock in their portfolio include Invesco S&P SmallCap Industrials ETF (PSCI), Dividend Performers ETF (IPDP), Invesco S&P SmallCap Quality ETF (XSHQ), Vanguard S&P Small-Cap 600 Growth ETF (VIOG), SPDR S&P 600 Small Cap Growth ETF (SLYG), iShares S&P Small-Cap 600 Growth ETF (IJT), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and Xtrackers S&P SmallCap 600 ESG ETF (SMLE).

Hillenbrand (NYSE:HI) pays an annual dividend of $0.88 per share and currently has a dividend yield of 1.99%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 10.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HI will have a dividend payout ratio of 23.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HI.

Hillenbrand updated its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $3.40-$3.50 for the period, compared to the consensus EPS estimate of $3.42. The company issued revenue guidance of $2.77 billion-$2.81 billion, compared to the consensus revenue estimate of $2.82 billion.

11 employees have rated Hillenbrand Chief Executive Officer Joe Raver on Glassdoor.com. Joe Raver has an approval rating of 87% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Hillenbrand investors own include Advanced Micro Devices (AMD), AbbVie (ABBV), Kroger (KR), Pfizer (PFE), Target (TGT), Abbott Laboratories (ABT), General Mills (GIS), Verizon Communications (VZ) and Cisco Systems (CSCO).

Hillenbrand trades on the New York Stock Exchange (NYSE) under the ticker symbol "HI."

Hillenbrand's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.79%), State Street Corp (3.46%), Victory Capital Management Inc. (3.13%), LSV Asset Management (2.68%), Dimensional Fund Advisors LP (2.24%) and Geode Capital Management LLC (1.91%). Insiders that own company stock include Christopher H Trainor, Helen W Cornell, J Michael Whitted, Joe Anthony Raver, Ling An-Heid, Megan A Walke, Michael M Jones, Nicholas R Farrell, Robert M Vanhimbergen and Ulrich Bartel.
View institutional ownership trends.

Shares of HI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HI stock can currently be purchased for approximately $42.85.

Hillenbrand (NYSE:HI) has a market capitalization of $3.00 billion and generates $2.94 billion in revenue each year. The company earns $208.90 million in net income (profit) each year or $8.68 on an earnings per share basis.

The company employs 11,000 workers across the globe.

Hillenbrand's mailing address is ONE BATESVILLE BOULEVARD, BATESVILLE IN, 47006. The official website for the company is www.hillenbrand.com. The company can be reached via phone at (812) 934-7000, via email at rich.dudley@hillenbrand.com, or via fax at 812-934-7613.