Hillenbrand (NYSE:HI) Hits New 52-Week Low at $27.09

Hillenbrand, Inc. (NYSE:HI) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $27.09 and last traded at $27.18, with a volume of 9591 shares. The stock had previously closed at $27.43.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HI shares. DA Davidson lowered Hillenbrand from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $54.00 to $33.00 in a research report on Monday, August 12th. KeyCorp started coverage on shares of Hillenbrand in a report on Wednesday, July 10th. They set an “overweight” rating and a $50.00 price objective for the company. Finally, StockNews.com upgraded shares of 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 given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Hillenbrand Stock Down 2.5 %

The business has a 50-day simple moving average of $37.52 and a 200-day simple moving average of $42.94. The company has a quick ratio of 0.88, a current ratio of 1.35 and a debt-to-equity ratio of 1.44. The company has a market cap of $1.88 billion, a PE ratio of 22.67 and a beta of 1.40.

Hillenbrand (NYSE:HI) last released its earnings results 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 firm had revenue of $786.60 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 earnings per share. Equities research analysts anticipate that Hillenbrand, Inc. will post 3.23 EPS for the current year.

Hillenbrand Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $0.2225 per share. This is a boost from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Monday, September 16th. Hillenbrand’s payout ratio is currently 73.55%.

Hedge Funds Weigh In On Hillenbrand

Large investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its position in shares of Hillenbrand by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 868,965 shares of the company’s stock worth $41,580,000 after purchasing an additional 39,697 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Hillenbrand by 7.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,747,176 shares of the company’s stock valued at $83,605,000 after acquiring an additional 120,782 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in Hillenbrand in the 4th quarter valued at $203,000. Janney Montgomery Scott LLC lifted its holdings in Hillenbrand by 29.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 13,514 shares of the company’s stock worth $647,000 after purchasing an additional 3,098 shares during the last quarter. Finally, Kingsview Wealth Management LLC acquired a new position in shares of Hillenbrand during the 4th quarter worth approximately $1,723,000. Institutional investors and hedge funds own 89.09% of the company’s stock.

Hillenbrand Company Profile

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.