I follow HI as a long investor since prior to the Coperion merger. I have made alot of money.
The company website provides access to their last quarterly report and a recent presentation. In both, HI has consistently said that the current quarter and the one that just ended will be higher than the first 6 months of their fiscal year that begins in October. The next quarterly report should provide validation or refute management's view. You need to decide for yourself how to invest.
The very low daily share volume distorts the investment potential for HI. My broker provides a program that allows me to chart HI using weekly and monthly candlestick views. It has been trading in a limited range for quite awhile. I accumulate when it is at the lower range and put a sell order out at the higher range while keeping a core holding.
HI quarterly report was OK given currency head winds. The conference call focused on M&A. Nothing specific revealed except HI focus on this option for the use of their strong cash flow.
Debt has been decreased since the Coperion merger. That is a good thing for HI longs. It seems to me that HI has the potential to be taken private. Management owns a hunk of stock and may want to cash out. IMHO