Hillenbrand (NYSE:HI) Reaches New 52-Week Low - Should You Sell?

Hillenbrand, Inc. (NYSE:HI - Get Free Report)'s share price reached a new 52-week low on Monday . The stock traded as low as $18.36 and last traded at $18.58, with a volume of 19164 shares. The stock had previously closed at $19.99.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Hillenbrand from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th.

Hillenbrand Trading Up 1.6 %

The business has a 50 day simple moving average of $27.41 and a 200-day simple moving average of $29.69. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of -6.78 and a beta of 1.46. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.86.

Hillenbrand (NYSE:HI - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. During the same quarter in the previous year, the business posted $0.69 earnings per share. As a group, equities analysts expect that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date was Friday, March 14th. Hillenbrand's dividend payout ratio (DPR) is presently -28.66%.

Institutional Trading of Hillenbrand

A number of institutional investors have recently modified their holdings of HI. Vanguard Group Inc. lifted its position in Hillenbrand by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 8,666,374 shares of the company's stock worth $266,751,000 after buying an additional 59,311 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in 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 acquiring an additional 387,048 shares in the last quarter. State Street Corp boosted its position in Hillenbrand by 0.7% during 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 grew 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 purchasing an additional 111,953 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Hillenbrand by 0.4% in the third quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company's stock valued at $44,565,000 after purchasing an additional 6,682 shares in the last quarter. 89.09% of the stock is currently owned by 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.