Hillenbrand (NYSE:HI) Stock Price Down 3.9%

Hillenbrand, Inc. (NYSE:HI)’s stock price fell 3.9% on Monday . The company traded as low as $27.81 and last traded at $27.81. 213,285 shares were traded during mid-day trading, a decline of 40% from the average session volume of 353,595 shares. The stock had previously closed at $28.94.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HI shares. KeyCorp assumed coverage on shares of Hillenbrand in a report on Wednesday, July 10th. They set an “overweight” rating and a $50.00 target price for the company. DA Davidson downgraded Hillenbrand from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $54.00 to $33.00 in a research note on Monday, August 12th. Finally, StockNews.com raised Hillenbrand from a “sell” rating to a “hold” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $48.00.

Hillenbrand Trading Down 5.4 %

The company’s 50-day moving average is $37.73 and its 200 day moving average is $43.08. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 23.35 and a beta of 1.40. 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 (NYSE:HI) last announced its quarterly 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. The firm had revenue of $786.60 million during the quarter, compared to analyst estimates of $818.16 million. Hillenbrand had a positive return on equity of 14.89% and a negative net margin of 6.67%. Hillenbrand’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 EPS. Research analysts predict that Hillenbrand, Inc. will post 3.23 EPS for the current year.

Hillenbrand Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.2225 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.89 dividend on an annualized basis and a yield of 3.25%. 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

Institutional investors and hedge funds have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC boosted its stake in Hillenbrand by 2.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 11,530 shares of the company’s stock worth $580,000 after buying an additional 259 shares during the period. GAMMA Investing LLC grew its stake in shares of Hillenbrand by 58.2% in the second quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock valued at $28,000 after buying an additional 262 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of Hillenbrand by 0.6% in the 2nd quarter. GHP Investment Advisors Inc. now owns 51,414 shares of the company’s stock valued at $2,058,000 after buying an additional 320 shares during the period. LRI Investments LLC grew its position in Hillenbrand by 15.0% in the 2nd quarter. LRI Investments LLC now owns 2,679 shares of the company’s stock valued at $107,000 after acquiring an additional 349 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in Hillenbrand by 1.9% during the second quarter. Arizona State Retirement System now owns 19,639 shares of the company’s stock worth $786,000 after purchasing an additional 368 shares during the period. Hedge funds and other institutional investors own 89.09% of the company’s stock.

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.