HI - Hillenbrand Transformed (Ratings Upgrade)

2024-06-13 13:05:54 ET

Summary

• Hillenbrand has divested its deathcare business and now focuses on key growth markets, particularly in the Advanced Process Solutions segment.
• The company has seen impressive growth in revenue and net profits, with a significant portion of revenue coming from strategic growth markets such as food and pharmaceutical processing.
• Shares of Hillenbrand are attractively priced compared to similar firms and offers solid upside potential from here.

Stemming from my days in college, I've always found the deathcare business to be rather interesting. That fascination eventually brought me to a company by the name of Hillenbrand ( HI ). Historically speaking, the company owned some operations in this space. But it was also unique in the sense that it owned some completely unrelated assets as well. From time to time, I would check in on the firm, seeing if it made sense for investors to buy in. But the last time I wrote about the company, in an article published in July of 2019, I could not rate the business any higher than a ‘hold’....

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