Hillenbrand (HI) Sets New 52-Week Low at $40.22

Shares of Hillenbrand, Inc. (NYSE:HI) reached a new 52-week low on Thursday . The company traded as low as $40.22 and last traded at $40.44, with a volume of 11422 shares. The stock had previously closed at $41.42.

Separately, Sidoti lowered shares of Hillenbrand from a “buy” rating to a “neutral” rating and set a $57.00 price objective for the company. in a research note on Wednesday, August 22nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $59.00.

The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 16.63 and a beta of 1.26. The company has a current ratio of 1.15, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46.

Hillenbrand (NYSE:HI) last released its quarterly earnings data on Tuesday, November 13th. The company reported $0.67 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.67. Hillenbrand had a net margin of 4.33% and a return on equity of 21.01%. The company had revenue of $474.70 million during the quarter, compared to analyst estimates of $449.90 million. During the same period in the prior year, the firm earned $0.62 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts predict that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 17th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, December 14th. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.21. This represents a $0.84 dividend on an annualized basis and a yield of 2.08%. Hillenbrand’s dividend payout ratio is 34.16%.

A number of large investors have recently added to or reduced their stakes in HI. Northern Trust Corp lifted its position in shares of Hillenbrand by 1.6% during the second quarter. Northern Trust Corp now owns 831,468 shares of the company’s stock valued at $39,203,000 after buying an additional 12,935 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Hillenbrand by 10.9% during the third quarter. PNC Financial Services Group Inc. now owns 625,606 shares of the company’s stock valued at $32,718,000 after buying an additional 61,684 shares during the last quarter. Glenmede Trust Co. NA lifted its position in shares of Hillenbrand by 2.4% during the second quarter. Glenmede Trust Co. NA now owns 718,645 shares of the company’s stock valued at $33,885,000 after buying an additional 17,095 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Hillenbrand by 9.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 155,800 shares of the company’s stock valued at $7,938,000 after buying an additional 12,900 shares during the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of Hillenbrand by 81.1% during the second quarter. Citadel Advisors LLC now owns 83,288 shares of the company’s stock valued at $3,927,000 after buying an additional 37,305 shares during the last quarter. 76.34% of the stock is owned by institutional investors.

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Hillenbrand Company Profile (NYSE:HI)

Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.

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