Hillenbrand, Inc. operates as a diversified industrial company in the United States and internationally. It operates through three segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville. 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, as well as equipment system design; and screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials. The Molding Technology Solutions segment offers injection molding and extrusion equipment; hot runner systems; process control systems; and mold bases and components for various industries, including automotive, consumer goods, medical, packaging, construction, and electronics. The Batesville segment designs, manufactures, distributes, and sells funeral services products and solutions, such as burial caskets, cremation caskets, containers and urns, other personalization and memorialization products, and web-based technology applications. The company was founded in 1906 and is headquartered in Batesville, Indiana.
Wall Street Analysts Forecast Growth
HI has been the topic of several recent analyst reports. DA Davidson reiterated a "buy" rating on shares of Hillenbrand in a report on Wednesday, May 11th. StockNews.com upgraded shares of Hillenbrand from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 12th.
Hillenbrand Stock Performance
NYSE:HI traded up $0.43 during midday trading on Monday, hitting $48.05. The company had a trading volume of 232,285 shares, compared to its average volume of 355,911. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 1.06. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 16.61, a P/E/G ratio of 1.02 and a beta of 1.37. The firm has a fifty day simple moving average of $42.20 and a two-hundred day simple moving average of $43.47. Hillenbrand has a fifty-two week low of $37.84 and a fifty-two week high of $54.15.
Insiders Place Their Bets
In related news, CFO Robert M. Vanhimbergen purchased 6,000 shares of the firm's stock in a transaction on Monday, June 6th. The shares were bought at an average cost of $44.00 per share, for a total transaction of $264,000.00. Following the transaction, the chief financial officer now directly owns 6,000 shares of the company's stock, valued at approximately $264,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.08% of the company's stock.