Hillenbrand (NYSE:HI) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Hillenbrand (NYSE:HI) from a hold rating to a sell rating in a report released on Thursday.

Several other research analysts have also weighed in on the stock. DA Davidson lowered shares of Hillenbrand from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $54.00 to $33.00 in a research report on Monday, August 12th. KeyCorp dropped their price objective on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Hillenbrand has a consensus rating of “Moderate Buy” and a consensus target price of $44.67.

Hillenbrand Stock Down 2.8 %

Shares of NYSE HI opened at $32.77 on Thursday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.88 and a current ratio of 1.27. Hillenbrand has a one year low of $25.11 and a one year high of $50.58. The company’s fifty day moving average is $28.01 and its two-hundred day moving average is $36.12.

Hillenbrand Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Hillenbrand by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 8,702,418 shares of the company’s stock worth $437,645,000 after purchasing an additional 290,275 shares during the last quarter. Victory Capital Management Inc. boosted its position in Hillenbrand by 2.4% during the third quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company’s stock worth $79,877,000 after acquiring an additional 66,741 shares during the last quarter. State Street Corp grew its stake in Hillenbrand by 0.7% in the 3rd quarter. State Street Corp now owns 2,739,689 shares of the company’s stock worth $76,163,000 after acquiring an additional 19,546 shares during the period. Dimensional Fund Advisors LP raised its holdings in Hillenbrand by 13.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock valued at $87,408,000 after acquiring an additional 253,730 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Hillenbrand by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company’s stock worth $44,565,000 after purchasing an additional 6,682 shares during the period. 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.