Hillenbrand (NYSE:HI) Stock Price Down 5%

Hillenbrand, Inc. (NYSE:HI)’s share price traded down 5% during mid-day trading on Wednesday . The company traded as low as $35.13 and last traded at $35.29, 1,311,928 shares changed hands during mid-day trading. An increase of 300% from the average session volume of 328,353 shares. The stock had previously closed at $37.16.

A number of research analysts have issued reports on the stock. ValuEngine raised shares of Valmont Industries from a “sell” rating to a “hold” rating in a report on Friday, July 12th. Buckingham Research assumed coverage on shares of Hillenbrand in a report on Thursday, May 16th. They issued a “buy” rating and a $53.00 target price for the company. Finally, DA Davidson set a $209.00 target price on shares of WD-40 and gave the company a “buy” rating in a report on Monday. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $54.60.

The company has a quick ratio of 0.92, a current ratio of 1.29 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average of $38.36. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 14.52 and a beta of 1.28.

Hillenbrand (NYSE:HI) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. Hillenbrand had a net margin of 8.17% and a return on equity of 20.21%. The business had revenue of $464.60 million during the quarter, compared to analysts’ expectations of $444.60 million. During the same period last year, the company posted $0.65 EPS. The company’s revenue was up 2.7% on a year-over-year basis. Analysts anticipate that Hillenbrand, Inc. will post 2.48 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.38%. Hillenbrand’s dividend payout ratio (DPR) is 34.57%.

Institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC boosted its position in Hillenbrand by 9.5% during the fourth quarter. Geode Capital Management LLC now owns 717,955 shares of the company’s stock worth $27,231,000 after acquiring an additional 62,073 shares during the last quarter. Zions Bancorporation N.A. acquired a new stake in Hillenbrand during the first quarter worth approximately $41,000. SG Americas Securities LLC boosted its position in Hillenbrand by 132.9% during the first quarter. SG Americas Securities LLC now owns 31,311 shares of the company’s stock worth $1,300,000 after acquiring an additional 17,866 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in Hillenbrand by 21.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 155,800 shares of the company’s stock worth $7,938,000 after acquiring an additional 27,400 shares during the last quarter. Finally, Financial Counselors Inc. boosted its position in Hillenbrand by 8.3% during the first quarter. Financial Counselors Inc. now owns 103,284 shares of the company’s stock worth $4,289,000 after acquiring an additional 7,950 shares during the last quarter. 77.82% of the stock is owned by institutional investors and hedge funds.

About Hillenbrand (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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