Helios Technologies, Inc (NYSE:HLIO) Announces Quarterly Dividend of $0.12

Key Points

• Helios Technologies declared a quarterly dividend of $0.12 per share — a 33.3% increase from the prior $0.09 — payable April 27 to shareholders of record on April 13; the dividend annualizes to about a 0.8% yield and is covered by a 15.9% payout ratio.
• The company reported quarterly EPS of $0.81 (vs. $0.72 consensus) and revenue of $210.7 million, up 17.4% year-over-year; the stock traded near $62.92, the market cap is about $2.08 billion, and analysts have a consensus "Buy" rating with a $71.75 target.

Helios Technologies, Inc (NYSE:HLIO - Get Free Report) declared a quarterly dividend on Friday, March 20th. Shareholders of record on Monday, April 13th will be given a dividend of 0.12 per share on Monday, April 27th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, April 13th. This is a 33.3% increase from Helios Technologies's previous quarterly dividend of $0.09.

Helios Technologies has a payout ratio of 15.9% indicating that its dividend is sufficiently covered by earnings.

Helios Technologies Stock Performance

Shares of HLIO traded down $0.91 during mid-day trading on Friday, hitting $62.92. The stock had a trading volume of 520,310 shares, compared to its average volume of 354,645. Helios Technologies has a fifty-two week low of $24.76 and a fifty-two week high of $76.47. The company has a quick ratio of 1.58, a current ratio of 2.90 and a debt-to-equity ratio of 0.39. The company has a market cap of $2.08 billion, a PE ratio of 43.39 and a beta of 1.26. The company's fifty day simple moving average is $68.42 and its two-hundred day simple moving average is $59.12.

Helios Technologies (NYSE:HLIO - Get Free Report) last announced its quarterly earnings data on Monday, March 2nd. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.09. The firm had revenue of $210.70 million for the quarter. Helios Technologies had a return on equity of 9.36% and a net margin of 5.78%.The business's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 earnings per share.

Analyst Upgrades and Downgrades

HLIO has been the topic of a number of research reports. Wall Street Zen raised shares of Helios Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 7th. Zacks Research raised shares of Helios Technologies from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 4th. Stifel Nicolaus increased their price objective on shares of Helios Technologies from $74.00 to $76.00 and gave the stock a "buy" rating in a research note on Wednesday, March 4th. Weiss Ratings reissued a "hold (c)" rating on shares of Helios Technologies in a report on Monday, December 29th. Finally, KeyCorp lifted their target price on Helios Technologies from $74.00 to $82.00 and gave the company an "overweight" rating in a research note on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $71.75.

Helios Technologies Company Profile

Helios Technologies, Inc develops and manufactures engineered motion control and electronic control products for a wide range of industrial and mobile equipment applications. The company's Hydraulics segment designs and produces hydraulic cartridge valves, manifold systems, pumps and motors, filtration solutions and off-highway joysticks. Its Electronic Controls segment offers programmable electronic control units, wireless telematics, human-machine interfaces and software to optimize performance, efficiency and safety for equipment OEMs and end users.

Through its global network of manufacturing facilities, service centers and technology centers, Helios Technologies serves markets in agriculture, construction, material handling, mining, municipal and recreational vehicles, as well as industrial automation and infrastructure equipment.

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