Hillenbrand (NYSE:HI) Price Target Cut to $40.00 by Analysts at KeyCorp

Hillenbrand (NYSE:HI) had its price target cut by KeyCorp from $45.00 to $40.00 in a research report report published on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

HI has been the subject of several other research reports. StockNews.com upgraded Hillenbrand from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. DA Davidson downgraded Hillenbrand from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $54.00 to $33.00 in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Hillenbrand has a consensus rating of “Moderate Buy” and an average price target of $44.67.

Hillenbrand Stock Performance

Shares of HI stock 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 fifty-two week low of $25.11 and a fifty-two week high of $50.58. The stock has a 50 day moving average price of $28.01 and a two-hundred day moving average price of $36.04. The company has a market capitalization of $2.30 billion, a P/E ratio of -10.96 and a beta of 1.38.

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

Hillenbrand Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.2225 per share. The ex-dividend date of this dividend was Monday, September 16th. This is a boost from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 2.72%. Hillenbrand’s payout ratio is -29.77%.

Hedge Funds Weigh In On Hillenbrand

Several hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in shares of Hillenbrand by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company’s stock valued at $44,565,000 after buying an additional 6,682 shares during the period. Barclays PLC increased its stake in shares of Hillenbrand by 17.9% during the third quarter. Barclays PLC now owns 318,078 shares of the company’s stock valued at $8,841,000 after buying an additional 48,230 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Hillenbrand in the third quarter worth $223,000. XTX Topco Ltd grew its stake in Hillenbrand by 13.4% in the third quarter. XTX Topco Ltd now owns 15,052 shares of the company’s stock worth $418,000 after purchasing an additional 1,774 shares during the period. Finally, Jane Street Group LLC grew its stake in Hillenbrand by 19.3% in the third quarter. Jane Street Group LLC now owns 205,053 shares of the company’s stock worth $5,700,000 after purchasing an additional 33,117 shares during the period. 89.09% of the stock is owned by hedge funds and other institutional investors.

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.