KeyCorp Cuts Hillenbrand (NYSE:HI) Price Target to $40.00

Hillenbrand (NYSE:HI) had its price target cut by KeyCorp from $45.00 to $40.00 in a research note released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also commented on HI. StockNews.com upgraded Hillenbrand from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. DA Davidson cut Hillenbrand from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $54.00 to $33.00 in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.67.

Hillenbrand Stock Performance

Shares of NYSE HI opened at $32.77 on Thursday. The company’s 50-day simple moving average is $28.01 and its 200-day simple moving average is $36.12. 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 52-week low of $25.11 and a 52-week high of $50.58.

Hillenbrand Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.2225 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 2.72%. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, September 16th. Hillenbrand’s dividend payout ratio (DPR) is -29.77%.

Institutional Investors Weigh In On Hillenbrand

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Hillenbrand by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 8,702,418 shares of the company’s stock valued at $437,645,000 after buying an additional 290,275 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Hillenbrand by 2.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company’s stock valued at $79,877,000 after acquiring an additional 66,741 shares during the last quarter. State Street Corp grew its holdings in shares of Hillenbrand by 0.7% in the third quarter. State Street Corp now owns 2,739,689 shares of the company’s stock valued at $76,163,000 after purchasing an additional 19,546 shares during the period. Dimensional Fund Advisors LP increased its position in Hillenbrand by 13.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock worth $87,408,000 after purchasing an additional 253,730 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Hillenbrand by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company’s stock worth $44,565,000 after purchasing an additional 6,682 shares during the period. 89.09% of the stock is currently owned by hedge funds and other 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.