Hillenbrand (NYSE:HI) Trading Down 4.1% - Here's Why

Hillenbrand, Inc. (NYSE:HI - Get Free Report) shares dropped 4.1% during mid-day trading on Monday . The company traded as low as $20.43 and last traded at $20.43. Approximately 69,139 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 451,642 shares. The stock had previously closed at $21.31.

Analysts Set New Price Targets

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

Hillenbrand Trading Up 0.6 %

The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -6.54 and a beta of 1.46. The firm's 50-day moving average is $26.19 and its 200-day moving average is $29.44.

Hillenbrand (NYSE:HI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share (EPS) 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 company posted $0.69 earnings per share. As a group, sell-side analysts anticipate that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.

Hillenbrand Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend was Friday, March 14th. Hillenbrand's payout ratio is currently -28.66%.

Institutional Trading of Hillenbrand

Hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Hillenbrand by 10.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,084,818 shares of the company's stock worth $33,391,000 after purchasing an additional 105,865 shares during the period. Vanguard Group Inc. increased its stake in Hillenbrand by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 8,666,374 shares of the company's stock worth $266,751,000 after acquiring an additional 59,311 shares during the last quarter. Channing Capital Management LLC purchased a new stake in shares of Hillenbrand in the 4th quarter valued at about $20,648,000. Amundi boosted its position in shares of Hillenbrand by 186.2% during the 4th quarter. Amundi now owns 35,382 shares of the company's stock valued at $1,100,000 after acquiring an additional 23,019 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in shares of Hillenbrand during the fourth quarter worth about $1,871,000. 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.