Helios Technologies (NASDAQ:HLIO) had its price target trimmed by Stifel Nicolaus from $48.00 to $46.00 in a research note released on Monday morning, BenzingaRatingsTable reports. The firm currently has a hold rating on the stock.
Several other analysts have also recently weighed in on HLIO. ValuEngine raised shares of Zuora from a hold rating to a buy rating in a research note on Saturday, July 6th. Morgan Stanley boosted their price objective on shares of Williams-Sonoma from $52.00 to $56.00 and gave the stock an underweight rating in a research note on Wednesday, July 10th. Finally, Zacks Investment Research cut shares of ExlService from a hold rating to a sell rating in a research note on Wednesday, July 10th.
Shares of NASDAQ:HLIO opened at $46.00 on Monday. The firm has a market cap of $1.47 billion, a PE ratio of 22.30 and a beta of 1.85. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.03 and a quick ratio of 1.13. Helios Technologies has a 52-week low of $30.79 and a 52-week high of $58.13.
Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.63 earnings per share for the quarter, hitting the consensus estimate of $0.63. Helios Technologies had a net margin of 9.19% and a return on equity of 12.57%. The company had revenue of $146.85 million for the quarter, compared to analysts’ expectations of $151.91 million. On average, sell-side analysts anticipate that Helios Technologies will post 2.54 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, July 20th. Investors of record on Friday, July 5th will be paid a $0.09 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $0.36 annualized dividend and a dividend yield of 0.78%. Helios Technologies’s dividend payout ratio is 15.65%.
In related news, major shareholder Robert C. Koski sold 2,500 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $45.72, for a total value of $114,300.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christine L. Koski sold 5,000 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $47.03, for a total transaction of $235,150.00. The disclosure for this sale can be found here. In the last three months, insiders sold 10,000 shares of company stock worth $460,250. 6.30% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC bought a new stake in shares of Helios Technologies in the second quarter worth $558,000. Xact Kapitalforvaltning AB bought a new position in shares of Helios Technologies during the 2nd quarter worth about $249,000. Allred Capital Management LLC bought a new position in shares of Helios Technologies during the 2nd quarter worth about $229,000. Finally, Truvestments Capital LLC bought a new position in shares of Helios Technologies during the 2nd quarter worth about $174,000. 84.56% of the stock is currently owned by institutional investors.
Helios Technologies Company Profile
Helios Technologies, Inc develops, manufactures, and sells solutions for the hydraulics and electronics markets. The company operates through two segments, Hydraulics and Electronics. The Hydraulics segment offers screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the industrial and mobile hydraulics markets; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic, pneumatic, electronic, and instrumentation solutions to a range of industries, including agriculture, industrial, mining, and material handling.
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