Helios Technologies, Inc. to Issue Quarterly Dividend of $0.09 (NASDAQ:HLIO)

Helios Technologies, Inc. (NASDAQ:HLIO - Get Free Report) announced a quarterly dividend on Thursday, June 5th, RTT News reports. Stockholders of record on Monday, July 7th will be paid 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 1.13%.

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 NASDAQ HLIO traded down $0.35 during midday trading on Thursday, reaching $31.88. 366,546 shares of the company were exchanged, compared to its average volume of 227,821. The stock has a market cap of $1.06 billion, a P/E ratio of 28.22 and a beta of 1.22. Helios Technologies has a 1 year low of $24.76 and a 1 year high of $57.29. The stock has a fifty day simple moving average of $29.15 and a 200 day simple moving average of $38.65. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.08. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%. The firm's revenue for the quarter was down 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS. On average, research analysts forecast that Helios Technologies will post 2.06 earnings per share for the current fiscal year.

Institutional Trading of Helios Technologies

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its holdings in Helios Technologies by 0.6% during the first quarter. Royal Bank of Canada now owns 89,391 shares of the company's stock worth $2,868,000 after acquiring an additional 556 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake 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 during the period. Goldman Sachs Group Inc. grew its stake 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 during the period. Finally, Jane Street Group LLC increased its holdings in shares of Helios Technologies by 198.2% in the 1st quarter. Jane Street Group LLC now owns 56,606 shares of the company's stock valued at $1,816,000 after purchasing an additional 37,624 shares in the last quarter. 94.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HLIO has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on shares of Helios Technologies from $35.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Robert W. Baird cut their price target on shares of Helios Technologies from $65.00 to $49.00 and set an "outperform" rating for the company in a report on Thursday, May 8th.

Helios Technologies declared that its board has authorized 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 repurchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

About Helios Technologies

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.