KeyCorp Cuts Hillenbrand (NYSE:HI) Price Target to $40.00

Hillenbrand (NYSE:HI) had its price objective dropped by analysts at KeyCorp from $45.00 to $40.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price target indicates a potential upside of 32.58% from the stock’s current price.

Several other equities analysts have also commented on the company. StockNews.com raised Hillenbrand from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. DA Davidson lowered shares of Hillenbrand from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $54.00 to $33.00 in a research note on Monday, August 12th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Hillenbrand has an average rating of “Moderate Buy” and a consensus price target of $44.67.

Hillenbrand Stock Down 1.7 %

Shares of NYSE:HI opened at $30.17 on Thursday. The firm has a market capitalization of $2.12 billion, a P/E ratio of -10.26 and a beta of 1.38. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.88 and a current ratio of 1.35. The stock has a 50 day moving average price of $27.87 and a 200-day moving average price of $36.26. Hillenbrand has a 52-week low of $25.11 and a 52-week high of $50.58.

Hedge Funds Weigh In On Hillenbrand

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Hillenbrand by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 8,702,418 shares of the company’s stock worth $437,645,000 after purchasing an additional 290,275 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Hillenbrand by 13.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock worth $87,408,000 after buying an additional 253,730 shares in the last quarter. Bernzott Capital Advisors raised its position in Hillenbrand by 51.3% in the 3rd quarter. Bernzott Capital Advisors now owns 225,753 shares of the company’s stock worth $6,276,000 after buying an additional 76,533 shares during the last quarter. Financial Counselors Inc. lifted its stake in Hillenbrand by 30.1% during the 3rd quarter. Financial Counselors Inc. now owns 322,252 shares of the company’s stock valued at $8,959,000 after acquiring an additional 74,527 shares during the period. Finally, Roubaix Capital LLC purchased a new stake in shares of Hillenbrand during the 1st quarter valued at about $3,664,000. Institutional investors own 89.09% of the company’s stock.

About Hillenbrand

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.