Hillenbrand (NYSE:HI) Given New $40.00 Price Target at KeyCorp

Hillenbrand (NYSE:HI) had its price target trimmed by KeyCorp from $45.00 to $40.00 in a report released on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

HI has been the subject of several other reports. DA Davidson downgraded shares of Hillenbrand from a “buy” rating to a “neutral” rating and cut their price target for the company from $54.00 to $33.00 in a report on Monday, August 12th. StockNews.com raised Hillenbrand from a “sell” rating to a “hold” rating in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Hillenbrand has a consensus rating of “Moderate Buy” and a consensus target price of $44.67.

Hillenbrand Price Performance

HI stock traded down $0.95 during trading on Thursday, hitting $32.75. The company had a trading volume of 327,234 shares, compared to its average volume of 389,922. The company has a fifty day moving average price of $27.87 and a two-hundred day moving average price of $36.26. Hillenbrand has a fifty-two week low of $25.11 and a fifty-two week high of $50.58. The company has a market cap of $2.30 billion, a P/E ratio of -10.94 and a beta of 1.38. The company has a current ratio of 1.35, a quick ratio of 0.88 and a debt-to-equity ratio of 1.44.

Hillenbrand Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid 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 (DPR) is -29.77%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC increased its position in Hillenbrand by 4.0% during the first quarter. Janney Montgomery Scott LLC now owns 14,049 shares of the company’s stock worth $707,000 after acquiring an additional 535 shares during the period. Swiss National Bank raised its holdings in Hillenbrand by 0.4% in the 1st quarter. Swiss National Bank now owns 138,359 shares of the company’s stock valued at $6,958,000 after acquiring an additional 600 shares in the last quarter. QRG Capital Management Inc. lifted its position in Hillenbrand by 9.4% during the first quarter. QRG Capital Management Inc. now owns 8,281 shares of the company’s stock worth $416,000 after purchasing an additional 712 shares during the period. State Board of Administration of Florida Retirement System grew its stake in Hillenbrand by 30.1% during the first 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 bought a new position in Hillenbrand in the 1st quarter valued at about $566,000. Institutional investors and hedge funds own 89.09% of the company’s stock.

About Hillenbrand

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.