Hillenbrand (NYSE:HI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “Hillenbrand is a global diversified industrial company with multiple market-leading brands that serve a wide variety of industries across the globe. Hillenbrand’s portfolio is comprised of two business segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service highly engineered industrial equipment around the world. Batesville is a recognized leader in the North American death care industry. They pursue profitable growth and robust cash generation driving increased value for their shareholders. Hillenbrand is publicly traded on the NYSE under HI. “

Several other brokerages have also issued reports on HI. ValuEngine lowered Hillenbrand from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 2nd. TheStreet lowered Hillenbrand from an “a-” rating to a “c+” rating in a report on Monday, May 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $52.00.

Shares of Hillenbrand opened at $47.40 on Wednesday, Marketbeat Ratings reports. Hillenbrand has a one year low of $34.65 and a one year high of $49.35. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.94 and a current ratio of 1.28. The stock has a market cap of $2.95 billion, a P/E ratio of 22.46 and a beta of 1.24.

Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, May 2nd. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. Hillenbrand had a return on equity of 20.08% and a net margin of 3.99%. The company had revenue of $452.20 million for the quarter, compared to analyst estimates of $434.70 million. During the same quarter in the prior year, the company earned $0.53 EPS. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. equities research analysts expect that Hillenbrand will post 2.4 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in Hillenbrand by 4.6% in the first quarter. BlackRock Inc. now owns 8,685,345 shares of the company’s stock worth $398,657,000 after acquiring an additional 381,777 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Hillenbrand by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,683,284 shares of the company’s stock worth $77,263,000 after acquiring an additional 7,799 shares in the last quarter. Millennium Management LLC boosted its holdings in Hillenbrand by 33.1% in the fourth quarter. Millennium Management LLC now owns 897,718 shares of the company’s stock worth $40,128,000 after acquiring an additional 223,391 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Hillenbrand by 1.2% in the first quarter. Principal Financial Group Inc. now owns 822,993 shares of the company’s stock worth $37,775,000 after acquiring an additional 9,838 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its holdings in Hillenbrand by 175,287.5% in the fourth quarter. Glenmede Trust Co. NA now owns 701,550 shares of the company’s stock worth $31,358,000 after acquiring an additional 701,150 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Hillenbrand Company Profile

Hillenbrand, Inc operates as a diversified industrial company worldwide. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, and forest products.

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