Helios Technologies, Inc. Announces Quarterly Dividend of $0.09 (NASDAQ:HLIO)

Helios Technologies, Inc. (NASDAQ:HLIO) announced a quarterly dividend on Thursday, June 5th, RTT News reports. Investors of record on Monday, July 7th will be given a dividend of 0.09 per share on Monday, July 21st. This represents a $0.36 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Monday, July 7th.

Helios Technologies has a dividend payout ratio of 15.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Helios Technologies to earn $2.15 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 16.7%.

Helios Technologies Price Performance

NASDAQ HLIO opened at $32.33 on Friday. The business has a 50 day simple moving average of $29.17 and a 200 day simple moving average of $38.53. Helios Technologies has a 52-week low of $24.76 and a 52-week high of $57.29. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 28.61 and a beta of 1.22.

Helios Technologies (NASDAQ:HLIO) last released its quarterly 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 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. The company’s revenue was down 7.8% on a year-over-year basis. Analysts anticipate that Helios Technologies will post 2.06 earnings per share for the current fiscal year.

Helios Technologies declared that its board has authorized a share repurchase program on Monday, February 24th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to buy up to 7.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Helios Technologies

A number of large investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Helios Technologies by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,771 shares of the company’s stock valued at $634,000 after buying an additional 862 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Helios Technologies by 198.2% in the 1st quarter. Jane Street Group LLC now owns 56,606 shares of the company’s stock valued at $1,816,000 after buying an additional 37,624 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Helios Technologies by 14.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,936 shares of the company’s stock valued at $2,276,000 after buying an additional 9,041 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Helios Technologies by 0.6% in the 1st quarter. Royal Bank of Canada now owns 89,391 shares of the company’s stock valued at $2,868,000 after buying an additional 556 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Helios Technologies by 14.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 143,810 shares of the company’s stock valued at $4,615,000 after buying an additional 17,914 shares during the last quarter. Institutional investors and hedge funds own 94.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HLIO. Stifel Nicolaus upped their price target on Helios Technologies from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Robert W. Baird reduced their price target on Helios Technologies from $65.00 to $49.00 and set an “outperform” rating for the company in a research report on Thursday, May 8th.

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.