|Bid||29.97 x 800|
|Ask||35.00 x 900|
|Day's Range||29.67 - 30.14|
|52 Week Range||26.01 - 50.47|
|Beta (3Y Monthly)||1.35|
|PE Ratio (TTM)||13.45|
|Earnings Date||Nov 11, 2019 - Nov 15, 2019|
|Forward Dividend & Yield||0.84 (2.82%)|
|1y Target Est||50.00|
BATESVILLE, Ind., Oct. 11, 2019 /PRNewswire/ -- Hillenbrand, Inc. (HI) announced today that it has completed the permanent financing arrangements intended to fund a portion of the purchase price for its acquisition of Milacron Holdings Corp. with an amendment to its Third Amended and Restated Credit Agreement. In completing these arrangements, Hillenbrand has eliminated its previously announced bridge financing commitments related to its acquisition financing. Hillenbrand intends to use borrowings under the credit agreement, available cash and the net proceeds from its previously announced senior notes offering to finance the cash consideration as well as to repay certain indebtedness of Milacron and the related fees and expenses associated with the transaction.
BATESVILLE, Ind., Sept. 26, 2019 /PRNewswire/ -- Hillenbrand, Inc. (HI) today announced that it has signed the United Nations Global Compact (UNGC), a voluntary pledge to develop and exercise corporate responsibility programs and to begin increasing disclosure of the company's sustainable business practices. Hillenbrand joins over 9,500 companies pledging to more closely align business strategies to universally accepted principles in the areas of human rights, labor, environment and anti-corruption. "As a global diversified industrial company, we are committed to pursuing a leadership role and fulfilling our duty to improve the social and environmental impacts of our activities," said Joe Raver, President & CEO, Hillenbrand.
BATESVILLE, Ind., Sept. 16, 2019 /PRNewswire/ -- Hillenbrand, Inc. (HI) has announced the launch and pricing of its public offering of $375 million aggregate principal amount of 4.50 percent senior notes due 2026. Hillenbrand intends to use the net proceeds from this offering as well as available cash, borrowings under its Third Amended and Restated Credit Agreement, including the revolving credit facility, and other potential additional sources of funding, to finance the cash consideration portion of the proposed acquisition of Milacron Holdings Corp. ("Milacron"), to repay certain indebtedness of Milacron and to pay the related fees and expenses associated with the transaction. The notes will be subject to a special mandatory redemption if Hillenbrand does not consummate the proposed acquisition of Milacron on or prior to July 6, 2020, or, if prior to such date, the merger agreement between Hillenbrand and Milacron is terminated.
Moody's Investors Service (Moody's) assigned a Baa3 senior unsecured rating to Hillenbrand, Inc.'s (Hillenbrand) recently announced $600 million bond issuance. Hillenbrand's Baa3 rating benefits from the largely predictable Batesville segment (30% of revenues), which is declining slowly but has high margins and low capital expenditure needs that translates into solid free cash flow and the increasing geographic and end-market diversification and scale that results from the Process Equipment Group's (PEG) growth. The Milacron purchase represents the largest acquisition in Hillenbrand's history and is taking place at a time of increasing signs for slowing global industrial growth, a protracted trade dispute between the US and China and indications of a weakening Chinese economy which represents a key growth market for both Hillenbrand and Milacron.
BATESVILLE, Ind. , Sept. 13, 2019 /PRNewswire/ -- Hillenbrand, Inc. (NYSE:HI) today announced the following investor events: D.A. Davidson's 18th Annual Industrials & Services Conference on Wednesday, ...
Readers hoping to buy Hillenbrand, Inc. (NYSE:HI) for its dividend will need to make their move shortly, as the stock...
Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. But if...
BATESVILLE, Ind. , Aug. 21, 2019 /PRNewswire/ -- The board of directors of Hillenbrand, Inc. (NYSE: HI) has declared a regular quarterly cash dividend of $0.21 per share on the company's common stock. ...
Milacron (MCRN) is likely to offset the headwind from tariffs by focusing on pricing actions, negotiations with existing vendors and making supply chain modifications.
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
NEW ORLEANS , July 31, 2019 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale ...
As previously communicated, on July 12, 2019, Hillenbrand announced it has entered into an agreement to acquire Milacron Holdings Corp. Hillenbrand, Inc. (HI) reported results today for the third quarter of fiscal 2019, which ended June 30, 2019. Hillenbrand revenue of $447 million was flat compared to the prior year.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Hillenbrand (HI) have what it takes? Let's find out.
BATESVILLE, Ind. , July 24, 2019 /PRNewswire/ --Hillenbrand, Inc. (NYSE: HI) President and Chief Executive Officer, Joe A. Raver , will be presenting at the Jefferies Industrials Conference in New York ...
BATESVILLE, Ind. , July 23, 2019 /PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI) will hold a conference call and simultaneous webcast Thursday, August 1, 2019 , at 8:00 a.m. ET . They will discuss the results ...
NEW YORK , July 16, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Milacron Holdings, Corp. ("MCRN" ...
Milacron's (MCRN) latest agreement with Hillenbrand poised to bank on emerging trends across the plastic-value chain, with a broader global scale, product diversification and a solid global presence.