Helios Technologies, Inc. (NASDAQ:HLIO – Free Report) Director Philippe Lemaitre sold 2,750 shares of Helios Technologies stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $65.52, for a total transaction of $180,180.00. Following the completion of the transaction, the director now owns 57,267 shares of the company’s stock, valued at $3,752,133.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Helios Technologies Stock Down 1.5 %
HLIO opened at $65.03 on Wednesday. Helios Technologies, Inc. has a one year low of $48.27 and a one year high of $72.61. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.67 and a quick ratio of 1.35. The firm has a market capitalization of $2.12 billion, a P/E ratio of 25.91 and a beta of 1.21. The company has a fifty day moving average price of $58.72 and a 200-day moving average price of $61.51.
Helios Technologies (NASDAQ:HLIO – Free Report) last posted its quarterly earnings data on Monday, May 8th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.04). Helios Technologies had a return on equity of 15.00% and a net margin of 9.53%. The company had revenue of $213.20 million for the quarter, compared to the consensus estimate of $206.20 million. During the same period in the prior year, the firm posted $1.18 earnings per share. The business’s revenue was down 11.4% on a year-over-year basis. Equities research analysts expect that Helios Technologies, Inc. will post 3.68 earnings per share for the current fiscal year.
Helios Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 20th. Stockholders of record on Wednesday, July 5th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Monday, July 3rd. Helios Technologies’s dividend payout ratio is currently 14.34%.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. CJS Securities assumed coverage on shares of Helios Technologies in a research note on Friday, March 31st. They issued an “outperform” rating and a $78.00 price objective for the company. Stifel Nicolaus reduced their price target on shares of Helios Technologies from $77.00 to $71.00 in a research report on Wednesday, May 10th. Finally, Robert W. Baird reduced their price target on shares of Helios Technologies from $82.00 to $73.00 in a research report on Tuesday, May 9th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $77.40.
Institutional Trading of Helios Technologies
A number of hedge funds have recently made changes to their positions in HLIO. Empower Advisory Group LLC bought a new stake in Helios Technologies in the first quarter worth $596,000. JPMorgan Chase & Co. lifted its stake in Helios Technologies by 18.2% in the first quarter. JPMorgan Chase & Co. now owns 52,310 shares of the company’s stock worth $3,421,000 after purchasing an additional 8,056 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Helios Technologies by 11.2% in the first quarter. Thrivent Financial for Lutherans now owns 1,105,289 shares of the company’s stock worth $72,286,000 after purchasing an additional 111,584 shares during the last quarter. Jane Street Group LLC bought a new stake in Helios Technologies in the first quarter worth $795,000. Finally, Silvercrest Asset Management Group LLC lifted its stake in Helios Technologies by 29.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 126,687 shares of the company’s stock worth $8,285,000 after purchasing an additional 28,917 shares during the last quarter. 91.62% of the stock is owned by institutional investors.
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; and hydraulic system design that provides engineered solutions for machine users, manufacturers, or designers.
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