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

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

Analyst Ratings Changes

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

Hillenbrand Stock Performance

The company has a market capitalization of $1.43 billion, a P/E ratio of -6.48 and a beta of 1.56. The business's fifty day simple moving average is $20.85 and its 200-day simple moving average is $27.52. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.34.

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

Hillenbrand Announces Dividend

The firm also recently declared 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 4.42%. The ex-dividend date is Monday, June 16th. Hillenbrand's payout ratio is -23.62%.

Institutional Investors Weigh In On Hillenbrand

Several large investors have recently added to or reduced their stakes in HI. CWM LLC lifted its stake in shares of Hillenbrand by 6.4% in the 1st quarter. CWM LLC now owns 10,063 shares of the company's stock valued at $243,000 after purchasing an additional 608 shares during the last quarter. Bank of Montreal Can raised its holdings in Hillenbrand by 6.1% during the 4th quarter. Bank of Montreal Can now owns 13,039 shares of the company's stock valued at $401,000 after buying an additional 746 shares during the period. Cetera Investment Advisers raised its holdings in Hillenbrand by 8.8% during the 4th quarter. Cetera Investment Advisers now owns 9,574 shares of the company's stock valued at $295,000 after buying an additional 773 shares during the period. GAMMA Investing LLC lifted its position in Hillenbrand by 65.9% in the first quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock worth $47,000 after buying an additional 781 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its stake in Hillenbrand by 6.1% during the first quarter. OneDigital Investment Advisors LLC now owns 13,825 shares of the company's stock worth $334,000 after buying an additional 793 shares during the period. 89.09% of the stock is 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.