|Bid||45.12 x 900|
|Ask||47.66 x 800|
|Day's Range||45.12 - 47.06|
|52 Week Range||13.61 - 48.85|
|Beta (5Y Monthly)||1.55|
|PE Ratio (TTM)||180.08|
|Earnings Date||May 04, 2021 - May 10, 2021|
|Forward Dividend & Yield||0.86 (1.85%)|
|Ex-Dividend Date||Mar 16, 2021|
|1y Target Est||53.75|
Hillenbrand (HI) could produce exceptional returns because of its solid growth attributes.
Hillenbrand, Inc. (NYSE: HI) has announced the commencement and pricing of its public offering of $350 million aggregate principal amount of 3.7500% senior unsecured notes due 2031 (the "Notes"). The offering is expected to close on or about March 3, 2021, subject to customary closing conditions.
Moody's also changed the outlook to stable from negative.RATINGS RATIONALEHillenbrand's ratings benefit from the predictable Batesville segment (about 20% of revenue), which --although experiencing above-average demand from the effects of COVID-19 -- is on a secular decline but has high margins and low capital spending needs that result in solid free cash flow. The ratings also reflect the increased scale, geographic and end-market diversification provided by the industrial businesses, including the addition of Milacron (now the Molding Technology Solutions segment, "MTS"), a leading manufacturer of plastic technology and processing equipment.At the same time, Hillenbrand faces the challenge of managing through the shrinking Batesville business over time, given its importance to Hillenbrand's cash flow and diversification.