Hillenbrand (NYSE:HI) Sees Large Volume Increase

Hillenbrand, Inc. (NYSE:HI – Get Rating) shares saw unusually-high trading volume on Friday . 264,241 shares changed hands during trading, a decline of 23% from the previous session’s volume of 342,633 shares.The stock last traded at $44.30 and had previously closed at $44.15.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Hillenbrand in a research note on Thursday. They issued a “hold” rating on the stock.

Hillenbrand Stock Performance

The company has a debt-to-equity ratio of 1.58, a current ratio of 1.39 and a quick ratio of 0.92. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 15.16 and a beta of 1.46. The stock has a 50 day simple moving average of $46.36 and a two-hundred day simple moving average of $44.15.

Hillenbrand (NYSE:HI – Get Rating) last issued its quarterly earnings data on Wednesday, February 8th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.21). The firm had revenue of $655.70 million for the quarter, compared to analysts’ expectations of $726.37 million. Hillenbrand had a return on equity of 22.25% and a net margin of 7.16%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.94 EPS. As a group, analysts anticipate that Hillenbrand, Inc. will post 3.4 earnings per share for the current year.

Hillenbrand Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, March 16th. Hillenbrand’s dividend payout ratio is currently 30.56%.

Hedge Funds Weigh In On Hillenbrand

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Hillenbrand by 63.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 793 shares of the company’s stock worth $34,000 after buying an additional 308 shares during the last quarter. CWM LLC boosted its holdings in Hillenbrand by 97.8% in the 4th quarter. CWM LLC now owns 809 shares of the company’s stock valued at $35,000 after purchasing an additional 400 shares in the last quarter. Mendota Financial Group LLC purchased a new stake in Hillenbrand in the 4th quarter valued at approximately $60,000. Wipfli Financial Advisors LLC purchased a new stake in Hillenbrand in the 3rd quarter valued at approximately $77,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Hillenbrand in the 3rd quarter valued at approximately $99,000. Hedge funds and other institutional investors own 85.15% of the company’s stock.

Hillenbrand Company Profile

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Hillenbrand, Inc engages in designing, manufacturing, and servicing highly engineered and mission-critical equipment and solutions to the customers. It operates through the following segments: Advanced Process Solutions, Molding Technology Solutions and Batesville. The Advanced Process Solutions segment provides compounding, extrusion, and material handling, screening, and separating equipment, systems, and services for manufacturing and other industrial processes.