Hillenbrand (NYSE:HI) Trading Down 5%

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

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

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

Hillenbrand (NYSE:HI) last issued its earnings results on Wednesday, May 1st. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $464.60 million during the quarter, compared to the consensus estimate of $444.60 million. Hillenbrand had a net margin of 8.17% and a return on equity of 20.21%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 earnings per share. As a group, sell-side analysts expect that Hillenbrand, Inc. will post 2.48 earnings per share for the current year.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HI. Norges Bank acquired a new position in Hillenbrand in the fourth quarter valued at $33,954,000. APG Asset Management N.V. boosted its stake in Hillenbrand by 83.0% in the fourth quarter. APG Asset Management N.V. now owns 405,000 shares of the company’s stock valued at $13,438,000 after acquiring an additional 183,700 shares in the last quarter. Deutsche Bank AG boosted its stake in Hillenbrand by 62.4% in the fourth quarter. Deutsche Bank AG now owns 410,298 shares of the company’s stock valued at $15,560,000 after acquiring an additional 157,593 shares in the last quarter. Two Sigma Investments LP boosted its stake in Hillenbrand by 542.8% in the fourth quarter. Two Sigma Investments LP now owns 151,261 shares of the company’s stock valued at $5,737,000 after acquiring an additional 127,729 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in Hillenbrand by 891.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 120,910 shares of the company’s stock valued at $5,021,000 after acquiring an additional 108,720 shares in the last quarter. Institutional investors own 77.82% of the company’s stock.

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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