Helios Technologies (NASDAQ:HLIO) Trading Down 5.3% - Time to Sell?

Shares of Helios Technologies, Inc. (NASDAQ:HLIO - Get Free Report) dropped 5.3% during mid-day trading on Monday . The stock traded as low as $34.88 and last traded at $34.34. Approximately 51,665 shares were traded during trading, a decline of 79% from the average daily volume of 250,762 shares. The stock had previously closed at $36.25.

Analyst Upgrades and Downgrades

HLIO has been the subject of several analyst reports. KeyCorp raised shares of Helios Technologies from a "sector weight" rating to an "overweight" rating and set a $40.00 price target for the company in a research note on Thursday, June 26th. Robert W. Baird lowered their target price on shares of Helios Technologies from $65.00 to $49.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Finally, Stifel Nicolaus lifted their target price on shares of Helios Technologies from $35.00 to $39.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th.

Helios Technologies Price Performance

The business's 50 day moving average is $32.42 and its two-hundred day moving average is $35.39. The firm has a market cap of $1.14 billion, a P/E ratio of 30.39 and a beta of 1.26. The company has a quick ratio of 1.54, a current ratio of 3.03 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, topping analysts' consensus estimates of $0.36 by $0.08. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Helios Technologies's revenue was down 7.8% compared to the same quarter last year. As a group, analysts anticipate that Helios Technologies, Inc. will post 2.06 earnings per share for the current year.

Helios Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, July 7th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.05%. The ex-dividend date is Monday, July 7th. Helios Technologies's dividend payout ratio (DPR) is currently 32.43%.

Institutional Investors Weigh In On Helios Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of HLIO. MetLife Investment Management LLC increased its stake in Helios Technologies by 1,593.9% in the first quarter. MetLife Investment Management LLC now owns 344,505 shares of the company's stock valued at $11,055,000 after purchasing an additional 324,167 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Helios Technologies by 362.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 249,738 shares of the company's stock worth $11,148,000 after acquiring an additional 195,779 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Helios Technologies during the fourth quarter worth about $7,696,000. Ceredex Value Advisors LLC increased its position in shares of Helios Technologies by 150.2% during the fourth quarter. Ceredex Value Advisors LLC now owns 219,900 shares of the company's stock worth $9,816,000 after acquiring an additional 132,007 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in shares of Helios Technologies by 25.1% during the fourth quarter. Voya Investment Management LLC now owns 450,429 shares of the company's stock worth $20,107,000 after acquiring an additional 90,362 shares in the last quarter. 94.72% of the stock is owned by institutional investors.

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.