Hillenbrand (NYSE:HI) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Hillenbrand (NYSE:HI) from a hold rating to a sell rating in a research note published on Thursday morning.

A number of other analysts also recently commented on HI. DA Davidson downgraded Hillenbrand from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $54.00 to $33.00 in a report on Monday, August 12th. KeyCorp cut their price objective on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Hillenbrand has an average rating of “Moderate Buy” and a consensus price target of $44.67.

Hillenbrand Trading Down 2.8 %

Shares of HI stock opened at $32.77 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.27 and a debt-to-equity ratio of 1.28. Hillenbrand has a one year low of $25.11 and a one year high of $50.58. The company has a 50 day moving average price of $28.01 and a 200 day moving average price of $36.12.

Hillenbrand Increases Dividend

The business 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. This represents a $0.89 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Monday, September 16th. Hillenbrand’s dividend payout ratio is currently -29.77%.

Institutional Investors Weigh In On Hillenbrand

Several institutional investors and hedge funds have recently modified their holdings of HI. Janney Montgomery Scott LLC lifted its position in Hillenbrand by 4.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 14,049 shares of the company’s stock worth $707,000 after acquiring an additional 535 shares in the last quarter. Swiss National Bank grew its holdings in Hillenbrand by 0.4% during the 1st quarter. Swiss National Bank now owns 138,359 shares of the company’s stock valued at $6,958,000 after purchasing an additional 600 shares in the last quarter. QRG Capital Management Inc. grew its holdings in Hillenbrand by 9.4% during the 1st quarter. QRG Capital Management Inc. now owns 8,281 shares of the company’s stock valued at $416,000 after purchasing an additional 712 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Hillenbrand by 30.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 25,670 shares of the company’s stock worth $1,220,000 after buying an additional 5,940 shares in the last quarter. Finally, Chesapeake Capital Corp IL purchased a new position in Hillenbrand in the 1st quarter valued at about $566,000. Hedge funds and other institutional investors 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.