Hillenbrand, Inc. (HI) To Go Ex-Dividend on September 16th

Hillenbrand, Inc. (NYSE:HI) declared a quarterly dividend on Wednesday, August 28th, NASDAQ reports. Investors of record on Monday, September 16th will be paid a dividend of 0.2225 per share on Monday, September 30th. This represents a $0.89 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Monday, September 16th. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22.

Hillenbrand has increased its dividend payment by an average of 1.2% annually over the last three years and has increased its dividend annually for the last 17 consecutive years. Hillenbrand has a dividend payout ratio of 28.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hillenbrand to earn $3.48 per share next year, which means the company should continue to be able to cover its $0.89 annual dividend with an expected future payout ratio of 25.6%.

Hillenbrand Stock Performance

Shares of HI opened at $27.30 on Friday. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 22.56 and a beta of 1.39. The company’s fifty day moving average is $36.55 and its 200-day moving average is $42.43. The company has a quick ratio of 0.88, a current ratio of 1.35 and a debt-to-equity ratio of 1.44. Hillenbrand has a 12 month low of $25.49 and a 12 month high of $50.58.

Hillenbrand (NYSE:HI) last posted its earnings results on Wednesday, August 7th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.03. Hillenbrand had a positive return on equity of 14.89% and a negative net margin of 6.67%. The company had revenue of $786.60 million for the quarter, compared to analyst estimates of $818.16 million. During the same period last year, the company earned $0.95 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year. Equities analysts expect that Hillenbrand will post 3.23 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.