Hillenbrand (NYSE:HI) Hits New 12-Month Low - What's Next?

Hillenbrand, Inc. (NYSE:HI - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $24.82 and last traded at $25.01, with a volume of 107690 shares. The stock had previously closed at $26.20.

Analyst Ratings Changes

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

Hillenbrand Stock Up 0.8 %

The stock has a 50-day moving average of $31.62 and a 200-day moving average of $30.47. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of -8.13 and a beta of 1.41. 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 issued its earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share for the quarter, beating 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 period in the prior year, the firm posted $0.69 EPS. Sell-side analysts predict that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.

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Hillenbrand Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Friday, March 14th. Hillenbrand's dividend payout ratio is presently -28.66%.

Institutional Investors Weigh In On Hillenbrand

Large investors have recently modified their holdings of the business. Channing Capital Management LLC bought a new position in shares of Hillenbrand in the 4th quarter valued at $20,648,000. Wilmington Savings Fund Society FSB bought a new position in shares of Hillenbrand in the 3rd quarter valued at $17,178,000. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Hillenbrand by 10.4% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,116,444 shares of the company's stock valued at $126,704,000 after acquiring an additional 387,048 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Hillenbrand in the 4th quarter valued at $7,782,000. Finally, Northern Trust Corp lifted its stake in shares of Hillenbrand by 24.4% in the 4th quarter. Northern Trust Corp now owns 900,666 shares of the company's stock valued at $27,722,000 after acquiring an additional 176,482 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.