Hillenbrand, Inc. (NYSE:HI) announced a quarterly dividend on Friday, February 16th, Wall Street Journal reports. Shareholders of record on Friday, March 16th will be paid a dividend of 0.2075 per share on Friday, March 30th. This represents a $0.83 annualized dividend and a yield of 1.77%. The ex-dividend date is Thursday, March 15th.
Hillenbrand has raised its dividend by an average of 1.2% per year over the last three years and has raised its dividend every year for the last 10 years. Hillenbrand has a payout ratio of 36.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hillenbrand to earn $2.51 per share next year, which means the company should continue to be able to cover its $0.83 annual dividend with an expected future payout ratio of 33.1%.
Shares of Hillenbrand (NYSE:HI) opened at $46.90 on Wednesday. Hillenbrand has a twelve month low of $34.65 and a twelve month high of $48.00. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $2,956.16, a price-to-earnings ratio of 21.13 and a beta of 1.26.
Hillenbrand (NYSE:HI) last posted its earnings results on Wednesday, January 31st. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.05. Hillenbrand had a return on equity of 19.51% and a net margin of 7.52%. The company had revenue of $397.20 million during the quarter, compared to the consensus estimate of $384.30 million. During the same quarter last year, the firm earned $0.42 earnings per share. The company’s revenue was up 11.6% on a year-over-year basis. research analysts forecast that Hillenbrand will post 2.36 EPS for the current fiscal year.
In related news, VP Eric M. Teegarden sold 5,177 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $44.49, for a total value of $230,324.73. Following the transaction, the vice president now owns 3,531 shares in the company, valued at $157,094.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.81% of the stock is currently owned by company insiders.
A number of equities research analysts have recently weighed in on HI shares. ValuEngine raised Hillenbrand from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded Hillenbrand from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, B. Riley reissued a “buy” rating and set a $50.00 target price on shares of Hillenbrand in a report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $51.50.
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Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
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