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

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

HI has been the topic of several other research reports. DA Davidson downgraded Hillenbrand from a “buy” rating to a “neutral” rating and cut their price objective for the company from $54.00 to $33.00 in a report on Monday, August 12th. StockNews.com upgraded shares of Hillenbrand from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Hillenbrand currently has an average rating of “Moderate Buy” and a consensus target price of $44.67.

Hillenbrand Trading Down 2.8 %

Hillenbrand stock opened at $32.77 on Thursday. The company has a current ratio of 1.27, a quick ratio of 0.88 and a debt-to-equity ratio of 1.28. Hillenbrand has a fifty-two week low of $25.11 and a fifty-two week high of $50.58. The firm has a 50 day moving average price of $28.01 and a 200 day moving average price of $36.12.

Hillenbrand Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.2225 dividend. This is a boost from Hillenbrand’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend was Monday, September 16th. Hillenbrand’s dividend payout ratio (DPR) is presently -29.77%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Matrix Trust Co acquired a new stake in Hillenbrand in the 3rd quarter valued at about $25,000. GAMMA Investing LLC increased its stake in shares of Hillenbrand by 58.2% during the second quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock worth $28,000 after buying an additional 262 shares during the period. Kennebec Savings Bank acquired a new stake in Hillenbrand in the third quarter valued at approximately $48,000. KBC Group NV lifted its stake in Hillenbrand by 32.2% in the third quarter. KBC Group NV now owns 2,263 shares of the company’s stock worth $63,000 after acquiring an additional 551 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in Hillenbrand during the 3rd quarter worth approximately $75,000. 89.09% of the stock is owned by institutional investors and hedge funds.

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.