Hillenbrand (NYSE:HI) Shares Down 5.2% - Should You Sell?

Hillenbrand, Inc. (NYSE:HI - Get Free Report) traded down 5.2% during mid-day trading on Monday . The company traded as low as $18.47 and last traded at $18.52. 297,779 shares changed hands during trading, a decline of 39% from the average session volume of 491,011 shares. The stock had previously closed at $19.54.

Analyst Upgrades and Downgrades

HI has been the subject of several research reports. KeyCorp lowered shares of Hillenbrand from an "overweight" rating to a "sector weight" rating in a report on Thursday, May 8th. DA Davidson reduced their price target on shares of Hillenbrand from $33.00 to $24.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Finally, Wall Street Zen cut shares of Hillenbrand from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th.

Hillenbrand Stock Performance

The company's fifty day simple moving average is $21.00 and its 200 day simple moving average is $27.69. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -6.27 and a beta of 1.56. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.33.

Hillenbrand (NYSE:HI - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.06. The company had revenue of $715.90 million during the quarter, compared to the consensus estimate of $691.00 million. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. The firm's revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 earnings per share. On average, equities research analysts expect that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend is Monday, June 16th. Hillenbrand's dividend payout ratio is currently -23.62%.

Hedge Funds Weigh In On Hillenbrand

Several large investors have recently bought and sold shares of HI. R Squared Ltd purchased a new stake in shares of Hillenbrand during the 4th quarter valued at $27,000. YANKCOM Partnership bought a new stake in shares of Hillenbrand during the 4th quarter valued at about $30,000. Point72 Hong Kong Ltd bought a new stake in Hillenbrand in the fourth quarter valued at approximately $42,000. Sterling Capital Management LLC increased its stake in shares of Hillenbrand by 712.8% during the fourth quarter. Sterling Capital Management LLC now owns 1,520 shares of the company's stock valued at $47,000 after buying an additional 1,333 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Hillenbrand by 65.9% during the first quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock valued at $47,000 after buying an additional 781 shares during the period. 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.