Robert W. Baird Cuts Helios Technologies (NASDAQ:HLIO) Price Target to $49.00

Helios Technologies (NASDAQ:HLIO - Free Report) had its price objective decreased by Robert W. Baird from $65.00 to $49.00 in a report issued on Thursday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Separately, Stifel Nicolaus lowered their target price on shares of Helios Technologies from $58.00 to $35.00 and set a "buy" rating for the company in a report on Monday, April 14th.

Helios Technologies Trading Up 2.7%

Shares of NASDAQ:HLIO traded up $0.89 on Thursday, reaching $33.71. 183,223 shares of the company traded hands, compared to its average volume of 211,673. The business's 50-day simple moving average is $30.46 and its 200 day simple moving average is $40.85. Helios Technologies has a 52 week low of $24.76 and a 52 week high of $57.29. The stock has a market capitalization of $1.12 billion, a P/E ratio of 29.83 and a beta of 1.22. 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 quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating 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%. During the same quarter in the previous year, the company earned $0.53 EPS. The firm's revenue was down 7.8% compared to the same quarter last year. As a group, equities analysts anticipate that Helios Technologies will post 2.06 EPS for the current fiscal year.

Helios Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.36 dividend on an annualized basis and a yield of 1.07%. Helios Technologies's payout ratio is currently 32.43%.

Helios Technologies announced that its Board of Directors has authorized a share repurchase plan on Monday, February 24th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 7.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its shares are undervalued.

Institutional Trading of Helios Technologies

Several institutional investors have recently added to or reduced their stakes in HLIO. Vanguard Group Inc. lifted its stake in shares of Helios Technologies by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,328,127 shares of the company's stock worth $148,568,000 after buying an additional 13,059 shares during the period. Conestoga Capital Advisors LLC raised its stake in shares of Helios Technologies by 15.5% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,986,528 shares of the company's stock valued at $88,679,000 after buying an additional 266,127 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Helios Technologies by 1.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,841,823 shares of the company's stock valued at $82,219,000 after buying an additional 21,683 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Helios Technologies by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,438,786 shares of the company's stock worth $64,227,000 after acquiring an additional 79,178 shares during the period. Finally, Sara Bay Financial raised its position in shares of Helios Technologies by 25.5% in the fourth quarter. Sara Bay Financial now owns 1,217,467 shares of the company's stock worth $54,080,000 after acquiring an additional 247,088 shares during the period. Institutional investors own 94.72% of the company's stock.

Helios Technologies Company Profile

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.