Hillenbrand (NYSE:HI) Reaches New 12-Month Low - Should You Sell?

Hillenbrand, Inc. (NYSE:HI - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The stock traded as low as $23.81 and last traded at $23.99, with a volume of 13663 shares changing hands. The stock had previously closed at $24.96.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Hillenbrand from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th.

Hillenbrand Price Performance

The company's 50 day moving average price is $29.48 and its 200 day moving average price is $30.04. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.34. The company has a market cap of $1.40 billion, a price-to-earnings ratio of -6.32 and a beta of 1.46.

Hillenbrand (NYSE:HI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.02. Hillenbrand had a negative net margin of 7.12% and a positive return on equity of 15.00%. During the same quarter last year, the business earned $0.69 earnings per share. On average, equities research analysts predict that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

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Hillenbrand Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date of this dividend was Friday, March 14th. Hillenbrand's dividend payout ratio is currently -28.66%.

Institutional Investors Weigh In On Hillenbrand

Several institutional investors have recently modified their holdings of HI. Vanguard Group Inc. lifted its holdings in Hillenbrand by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 8,666,374 shares of the company's stock valued at $266,751,000 after buying an additional 59,311 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in shares of Hillenbrand by 10.4% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,116,444 shares of the company's stock worth $126,704,000 after purchasing an additional 387,048 shares during the period. State Street Corp increased its holdings in Hillenbrand by 0.7% in the third quarter. State Street Corp now owns 2,739,689 shares of the company's stock valued at $76,163,000 after purchasing an additional 19,546 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Hillenbrand by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,563,412 shares of the company's stock valued at $78,902,000 after buying an additional 111,953 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Hillenbrand by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company's stock worth $44,565,000 after buying an additional 6,682 shares during the last quarter. 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.