Helios Technologies (NASDAQ:HLIO) had its price objective hoisted by Morgan Stanley from $42.00 to $43.00 in a report issued on Wednesday, Stock Target Advisor reports. They currently have an equal weight rating on the stock.
Several other analysts have also recently commented on the stock. Zacks Investment Research cut shares of ExlService from a hold rating to a sell rating in a research note on Wednesday. ValuEngine raised shares of Zuora from a hold rating to a buy rating in a report on Saturday, July 6th.
Shares of NASDAQ HLIO opened at $46.72 on Wednesday. Helios Technologies has a 12-month low of $30.79 and a 12-month high of $58.13. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.13 and a current ratio of 2.03. The stock has a market cap of $1.44 billion, a P/E ratio of 20.31 and a beta of 1.85.
Helios Technologies (NASDAQ:HLIO) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.63 earnings per share for the quarter, meeting the consensus estimate of $0.63. Helios Technologies had a net margin of 9.19% and a return on equity of 12.57%. The firm had revenue of $146.85 million during the quarter, compared to analysts’ expectations of $151.91 million. On average, sell-side analysts forecast that Helios Technologies will post 2.57 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, July 20th. Shareholders of record on Friday, July 5th will be given a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 0.77%. Helios Technologies’s payout ratio is 15.65%.
In related news, Director Christine L. Koski sold 5,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $47.03, for a total value of $235,150.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Robert C. Koski sold 2,500 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $44.32, for a total value of $110,800.00. The disclosure for this sale can be found here. Insiders sold a total of 10,000 shares of company stock valued at $460,250 over the last three months. Insiders own 6.30% of the company’s stock.
An institutional investor recently bought a new position in Helios Technologies stock. Nisa Investment Advisors LLC bought a new stake in shares of Helios Technologies (NASDAQ:HLIO) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 12,020 shares of the company’s stock, valued at approximately $558,000. 84.56% of the stock is currently owned by institutional investors and hedge funds.
About Helios Technologies
Helios Technologies, Inc develops, manufactures, and sells solutions for the hydraulics and electronics markets. The company operates through two segments, Hydraulics and Electronics. The Hydraulics segment offers screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the industrial and mobile hydraulics markets; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic, pneumatic, electronic, and instrumentation solutions to a range of industries, including agriculture, industrial, mining, and material handling.
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