Helios Technologies (NASDAQ:HLIO) Given New $63.00 Price Target at Stifel Nicolaus

Helios Technologies (NASDAQ:HLIO) had its target price trimmed by Stifel Nicolaus from $64.00 to $63.00 in a report published on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, KeyCorp downgraded shares of Helios Technologies from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 9th.

Helios Technologies Price Performance

Shares of HLIO stock opened at $48.48 on Wednesday. The firm has a market cap of $1.61 billion, a P/E ratio of 53.87 and a beta of 0.84. The firm has a fifty day moving average of $44.39 and a two-hundred day moving average of $46.12. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.92 and a quick ratio of 1.49. Helios Technologies has a 1-year low of $37.50 and a 1-year high of $55.53.

Helios Technologies (NASDAQ:HLIO) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. Helios Technologies had a return on equity of 7.71% and a net margin of 3.58%. The firm had revenue of $219.90 million during the quarter, compared to analyst estimates of $215.80 million. During the same period in the previous year, the company earned $0.81 earnings per share. Helios Technologies’s quarterly revenue was down 3.4% on a year-over-year basis. As a group, research analysts anticipate that Helios Technologies will post 2.35 earnings per share for the current fiscal year.

Helios Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Friday, October 4th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, October 4th. Helios Technologies’s dividend payout ratio (DPR) is presently 40.00%.

Institutional Trading of Helios Technologies

Several hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP increased its position in Helios Technologies by 125.6% in the fourth quarter. Wellington Management Group LLP now owns 2,524,041 shares of the company’s stock worth $114,465,000 after buying an additional 1,405,098 shares during the period. Vanguard Group Inc. grew its position in shares of Helios Technologies by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 3,218,839 shares of the company’s stock worth $145,974,000 after acquiring an additional 88,656 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Helios Technologies by 703.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,315 shares of the company’s stock worth $196,000 after acquiring an additional 3,778 shares during the period. Quadrature Capital Ltd bought a new stake in Helios Technologies in the 4th quarter valued at about $465,000. Finally, Cardinal Capital Management acquired a new position in Helios Technologies during the 1st quarter valued at about $834,000. Institutional investors own 94.72% of the company’s stock.

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.