Hillenbrand’s (HI) “Neutral” Rating Reaffirmed at DA Davidson

DA Davidson reiterated their neutral rating on shares of Hillenbrand (NYSE:HI) in a research note released on Friday,Benzinga reports. They currently have a $33.00 price objective on the stock.

Several other research analysts have also weighed in on HI. KeyCorp dropped their price objective on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday. StockNews.com lowered Hillenbrand from a “hold” rating to a “sell” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Hillenbrand currently has a consensus rating of “Moderate Buy” and an average price target of $44.67.

Hillenbrand Stock Down 2.8 %

NYSE:HI traded down $0.93 on Friday, hitting $32.77. 490,820 shares of the company’s stock traded hands, compared to its average volume of 390,959. The company has a market cap of $2.30 billion, a PE ratio of -10.96 and a beta of 1.38. Hillenbrand has a 1 year low of $25.11 and a 1 year high of $50.58. 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 firm has a 50-day moving average price of $28.01 and a 200-day moving average price of $36.12.

Hillenbrand Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.2225 per share. The ex-dividend date was Monday, September 16th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 2.72%. This is an increase from Hillenbrand’s previous quarterly dividend of $0.22. Hillenbrand’s dividend payout ratio (DPR) is currently -29.77%.

Hedge Funds Weigh In On Hillenbrand

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HI. Vanguard Group Inc. boosted its holdings in shares of Hillenbrand by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 8,702,418 shares of the company’s stock worth $437,645,000 after buying an additional 290,275 shares during the period. Victory Capital Management Inc. boosted its holdings in Hillenbrand by 2.4% during the third quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company’s stock valued at $79,877,000 after acquiring an additional 66,741 shares during the period. State Street Corp increased its stake in shares of Hillenbrand by 0.7% in the third quarter. State Street Corp now owns 2,739,689 shares of the company’s stock worth $76,163,000 after purchasing an additional 19,546 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Hillenbrand by 13.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock valued at $87,408,000 after acquiring an additional 253,730 shares during the period. Finally, Geode Capital Management LLC grew its position in Hillenbrand by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company’s stock worth $44,565,000 after purchasing an additional 6,682 shares during the last quarter. Institutional investors and hedge funds 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.