Hillenbrand, Inc. (HI) To Go Ex-Dividend on December 16th

Hillenbrand, Inc. (NYSE:HI) declared a quarterly dividend on Thursday, December 5th,Wall Street Journal reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.225 per share on Tuesday, December 31st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Monday, December 16th. This is an increase from Hillenbrand’s previous quarterly dividend of $0.22.

Hillenbrand has raised its dividend by an average of 1.2% per year over the last three years and has raised its dividend every year for the last 18 years. Hillenbrand has a dividend payout ratio of 30.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hillenbrand to earn $3.44 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 26.2%.

Hillenbrand Trading Down 2.6 %

HI opened at $32.14 on Friday. Hillenbrand has a fifty-two week low of $25.11 and a fifty-two week high of $50.58. The firm has a market capitalization of $2.26 billion, a PE ratio of -10.75 and a beta of 1.43. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.83. The company’s 50-day moving average is $30.52 and its 200 day moving average is $34.60.

Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.08. The business had revenue of $837.60 million during the quarter, compared to the consensus estimate of $793.38 million. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. Hillenbrand’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.13 earnings per share. As a group, research analysts predict that Hillenbrand will post 3.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HI. DA Davidson restated a “neutral” rating and set a $33.00 price target on shares of Hillenbrand in a research note on Friday, November 15th. StockNews.com raised Hillenbrand from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. Finally, KeyCorp cut their price target on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Hillenbrand currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.67.

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.