D.A. Davidson analyst Matt Summerville maintained a Buy rating on Hillenbrand (HI – Research Report) today and set a price target of $62.00. The company’s shares closed yesterday at $45.47.
Summerville covers the Industrials sector, focusing on stocks such as Crane NXT, Hillenbrand, and Modine. According to TipRanks, Summerville has an average return of 9.9% and a 52.94% success rate on recommended stocks.
Currently, the analyst consensus on Hillenbrand is a Moderate Buy with an average price target of $71.50, representing a 57.25% upside. In a report released on August 3, Sidoti also maintained a Buy rating on the stock with a $81.00 price target.
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HI market cap is currently $3.18B and has a P/E ratio of 19.10.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HI in relation to earlier this year. Most recently, in June 2023, An-Heid Ling, the SVP of HI sold 46,444.00 shares for a total of $2,435,523.36.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Hillenbrand, Inc. is a diversified industrial company, which engages in the development, manufacture, and sale of engineered industrial equipment. It operates through the following segments: Process Equipment Group and Batesville. The Process Equipment Group segment offers machines used for compounding, extrusion, material handling, size reduction, screening, and flow control. The Batesville segment produces and trades burial and cremation caskets, urns, room display fixtures, and provides web-based applications. The company was founded on November 1, 2007 and is headquartered in Batesville, IN.
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