Helios Technologies (NYSE:HLIO) Stock Gets Price Target Trim from Stifel Nicolaus

by · The Cerbat Gem

Helios Technologies (NYSE:HLIO – Free Report) had its target price lowered by Stifel Nicolaus from $78.00 to $65.00 in a report released on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on the company. Weiss Ratings upgraded Helios Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. JPMorgan Chase & Co. upped their price target on shares of Helios Technologies from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Zacks Research cut shares of Helios Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 20th. Wall Street Zen downgraded shares of Helios Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 7th. Finally, KeyCorp cut their price objective on shares of Helios Technologies from $95.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 6th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Helios Technologies has an average rating of “Moderate Buy” and a consensus price target of $76.25.

Read Our Latest Stock Analysis on Helios Technologies

Helios Technologies Stock Performance

Shares of HLIO stock opened at $48.06 on Monday. The company has a quick ratio of 1.53, a current ratio of 2.62 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average of $66.86 and a two-hundred day moving average of $73.06. Helios Technologies has a 52 week low of $46.95 and a 52 week high of $95.05. The company has a market cap of $1.57 billion, a P/E ratio of 14.59 and a beta of 1.28.

Helios Technologies (NYSE:HLIO – Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.05. The business had revenue of $229.70 million for the quarter. Helios Technologies had a return on equity of 11.60% and a net margin of 8.74%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 earnings per share. As a group, analysts anticipate that Helios Technologies will post 3.11 EPS for the current year.

Helios Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Tuesday, October 13th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, October 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.0%. Helios Technologies’s dividend payout ratio is presently 20.34%.

Institutional Investors Weigh In On Helios Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HLIO. NewEdge Advisors LLC acquired a new position in shares of Helios Technologies during the 1st quarter valued at $29,000. Nykredit A S acquired a new position in Helios Technologies during the second quarter worth about $30,000. Advisors Asset Management Inc. acquired a new position in Helios Technologies during the third quarter worth about $35,000. Allworth Financial LP bought a new stake in Helios Technologies in the second quarter worth about $40,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Helios Technologies in the second quarter worth about $43,000. Institutional investors own 94.72% of the company’s stock.

About Helios Technologies

(Get Free Report)

Helios Technologies, Inc. is a global manufacturer of hydraulic and electronic control technologies. Its products are used by original equipment manufacturers in markets including mobile and industrial equipment, marine, and other specialty vehicles. Through its hydraulics businesses, the company makes cartridge valves, hydraulic integrated circuits and manifolds, and quick-release couplings. Its electronic controls businesses provide technologies such as control systems, displays, instrumentation, and related products for vehicle and equipment applications.

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