Helios Technologies (NASDAQ:HLIO) Upgraded at KeyCorp

KeyCorp upgraded shares of Helios Technologies (NASDAQ:HLIO - Free Report) from a sector weight rating to an overweight rating in a research note issued to investors on Thursday, Marketbeat Ratings reports. KeyCorp currently has $40.00 target price on the stock.

A number of other research analysts have also issued reports on HLIO. Stifel Nicolaus upped their target price on shares of Helios Technologies from $35.00 to $39.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Robert W. Baird reduced their price objective on shares of Helios Technologies from $65.00 to $49.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th.

Helios Technologies Price Performance

Shares of NASDAQ HLIO traded up $1.03 on Thursday, hitting $33.66. The company's stock had a trading volume of 1,252,685 shares, compared to its average volume of 249,529. Helios Technologies has a 12-month low of $24.76 and a 12-month high of $57.29. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 29.79 and a beta of 1.25. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. The stock has a 50 day moving average of $30.78 and a 200-day moving average of $36.47.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping 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%. During the same quarter in the prior year, the company posted $0.53 earnings per share. Helios Technologies's revenue was down 7.8% on a year-over-year basis. As a group, research analysts predict that Helios Technologies will post 2.06 EPS for the current year.

Helios Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, July 7th will be issued a dividend of $0.09 per share. The ex-dividend date is Monday, July 7th. This represents a $0.36 annualized dividend and a dividend yield of 1.07%. Helios Technologies's payout ratio is currently 32.43%.

Institutional Investors Weigh In On Helios Technologies

Institutional investors have recently bought and sold shares of the stock. KBC Group NV purchased a new position in Helios Technologies during the first quarter worth approximately $26,000. Signaturefd LLC increased its holdings in shares of Helios Technologies by 71.8% during the 4th quarter. Signaturefd LLC now owns 687 shares of the company's stock worth $31,000 after buying an additional 287 shares during the last quarter. Quarry LP raised its position in shares of Helios Technologies by 406.4% in the 1st quarter. Quarry LP now owns 1,023 shares of the company's stock worth $33,000 after buying an additional 821 shares during the period. Russell Investments Group Ltd. raised its position in shares of Helios Technologies by 7,183.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,311 shares of the company's stock worth $42,000 after buying an additional 1,293 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Helios Technologies by 2,361.9% in the first quarter. GAMMA Investing LLC now owns 4,653 shares of the company's stock valued at $145,000 after acquiring an additional 4,464 shares during the last quarter. 94.72% of the stock is currently owned by hedge funds and other 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.