Helios Technologies, Inc. (NASDAQ:HLIO - Get Free Report) declared a quarterly dividend on Thursday, June 5th, RTT News reports. Investors of record on Monday, July 7th will be given a dividend of 0.09 per share on Monday, July 21st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Monday, July 7th.
Helios Technologies has a payout ratio of 15.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Helios Technologies to earn $2.15 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 16.7%.
Helios Technologies Stock Performance
Shares of HLIO stock traded up $0.37 during trading on Friday, reaching $32.33. 209,723 shares of the company's stock were exchanged, compared to its average volume of 228,698. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $1.08 billion, a PE ratio of 28.61 and a beta of 1.25. Helios Technologies has a twelve month low of $24.76 and a twelve month high of $57.29. The firm's fifty day moving average price is $29.17 and its 200-day moving average price is $38.35.
Helios Technologies (NASDAQ:HLIO - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.08. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%. Helios Technologies's revenue was down 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 EPS. As a group, sell-side analysts anticipate that Helios Technologies will post 2.06 EPS for the current year.
Helios Technologies declared that its Board of Directors has approved a share repurchase plan on Monday, February 24th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the company. Robert W. Baird decreased their price objective on Helios Technologies from $65.00 to $49.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Stifel Nicolaus boosted their price target on Helios Technologies from $35.00 to $39.00 and gave the company a "buy" rating in a research note on Thursday, May 8th.
Read Our Latest Analysis on HLIO
Institutional Trading of Helios Technologies
Several large investors have recently modified their holdings of the stock. Jane Street Group LLC grew its holdings in shares of Helios Technologies by 198.2% during the 1st quarter. Jane Street Group LLC now owns 56,606 shares of the company's stock worth $1,816,000 after purchasing an additional 37,624 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Helios Technologies by 14.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,936 shares of the company's stock worth $2,276,000 after purchasing an additional 9,041 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Helios Technologies by 14.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 143,810 shares of the company's stock worth $4,615,000 after purchasing an additional 17,914 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Helios Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,771 shares of the company's stock worth $634,000 after purchasing an additional 862 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Helios Technologies by 0.6% during the 1st quarter. Royal Bank of Canada now owns 89,391 shares of the company's stock worth $2,868,000 after purchasing an additional 556 shares in the last quarter. 94.72% of the stock is owned by institutional investors and hedge funds.
Helios Technologies Company Profile
(
Get Free Report)
Helios Technologies, Inc, together with its subsidiaries, provides engineered motion control and electronic control technology solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Hydraulics and Electronics. The Hydraulics segment offers cartridge valve technology products to control rates and direction of fluid flow, and to regulate and control pressures for industrial and mobile applications; hydraulic quick release coupling solutions for the agriculture, construction equipment, and industrial markets; motion control technology and fluid conveyance technology; cartridge valve technology; engineered solutions for machine users, manufacturers, or designers.
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