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

DA Davidson reaffirmed their neutral rating on shares of Hillenbrand (NYSE:HI) in a research note published on Friday morning,Benzinga reports. The brokerage currently has a $33.00 target price on the stock.

Other research analysts have also issued research reports about the company. StockNews.com lowered Hillenbrand from a “hold” rating to a “sell” rating in a research report on Thursday. KeyCorp reduced their price objective on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Hillenbrand has a consensus rating of “Moderate Buy” and an average price target of $44.67.

Hillenbrand Stock Down 2.8 %

Shares of HI opened at $32.77 on Friday. The business’s 50 day moving average is $28.01 and its 200 day moving average is $36.04. The company has a current ratio of 1.27, a quick ratio of 0.88 and a debt-to-equity ratio of 1.28. Hillenbrand has a 12-month low of $25.11 and a 12-month high of $50.58. The company has a market capitalization of $2.30 billion, a PE ratio of -10.96 and a beta of 1.38.

Hillenbrand (NYSE:HI) last released its quarterly earnings data on Wednesday, November 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.08. Hillenbrand had a negative net margin of 6.63% and a positive return on equity of 14.86%. The firm had revenue of $837.60 million for the quarter, compared to analysts’ expectations of $793.38 million. During the same quarter last year, the business posted $1.13 earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. Research analysts expect that Hillenbrand will post 3.05 earnings per share for the current fiscal year.

Hillenbrand Increases Dividend

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

Institutional Investors Weigh In On Hillenbrand

Large investors have recently added to or reduced their stakes in the stock. Matrix Trust Co purchased a new position in shares of Hillenbrand in the 3rd quarter worth approximately $25,000. GAMMA Investing LLC lifted its position in Hillenbrand by 58.2% in the second quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock worth $28,000 after buying an additional 262 shares during the last quarter. Kennebec Savings Bank purchased a new position in Hillenbrand during the third quarter worth $48,000. KBC Group NV increased its position in Hillenbrand by 32.2% during the third quarter. KBC Group NV now owns 2,263 shares of the company’s stock valued at $63,000 after acquiring an additional 551 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in Hillenbrand during the third quarter valued at $75,000. 89.09% of the stock is owned by institutional investors.

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.