Hillenbrand (NYSE:HI) Trading Down 3.9%

Hillenbrand, Inc. (NYSE:HI) shares were down 3.9% on Monday . The company traded as low as $27.81 and last traded at $27.81. Approximately 213,285 shares traded hands during trading, a decline of 40% from the average daily volume of 353,595 shares. The stock had previously closed at $28.94.

Analyst Ratings Changes

HI has been the subject of a number of research analyst reports. DA Davidson downgraded Hillenbrand from a “buy” rating to a “neutral” rating and decreased their price target for the company from $54.00 to $33.00 in a research report on Monday, August 12th. StockNews.com upgraded Hillenbrand from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. Finally, KeyCorp initiated coverage on shares of Hillenbrand in a research report on Wednesday, July 10th. They set an “overweight” rating and a $50.00 price target for the company. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Hillenbrand has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Hillenbrand Price Performance

The company has a current ratio of 1.35, a quick ratio of 0.88 and a debt-to-equity ratio of 1.44. The business’s 50 day moving average price is $37.28 and its two-hundred day moving average price is $42.80. The stock has a market cap of $1.85 billion, a P/E ratio of 21.76 and a beta of 1.40.

Hillenbrand (NYSE:HI) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The business had revenue of $786.60 million for the quarter, compared to analysts’ expectations of $818.16 million. Hillenbrand had a negative net margin of 6.67% and a positive return on equity of 14.89%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 earnings per share. As a group, sell-side analysts expect that Hillenbrand, Inc. will post 3.23 earnings per share for the current fiscal year.

Hillenbrand Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.2225 per share. This represents a $0.89 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Monday, September 16th. This is a boost from Hillenbrand’s previous quarterly dividend of $0.22. Hillenbrand’s dividend payout ratio (DPR) is currently 73.55%.

Institutional Trading of Hillenbrand

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Hillenbrand by 58.2% in the second quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock worth $28,000 after purchasing an additional 262 shares during the last quarter. Transcendent Capital Group LLC purchased a new position in Hillenbrand during the 4th quarter valued at approximately $63,000. Summit Securities Group LLC bought a new stake in Hillenbrand in the 2nd quarter worth approximately $90,000. Innealta Capital LLC purchased a new stake in shares of Hillenbrand during the 2nd quarter worth approximately $93,000. Finally, LRI Investments LLC raised its holdings in shares of Hillenbrand by 15.0% during the 2nd quarter. LRI Investments LLC now owns 2,679 shares of the company’s stock worth $107,000 after acquiring an additional 349 shares in the last quarter. 89.09% of the stock is owned by hedge funds and other institutional investors.

About Hillenbrand

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.