Helios Technologies, Inc (NYSE:HLIO – Get Free Report) declared a quarterly dividend on Wednesday, June 17th. Investors of record on Friday, July 10th will be paid a dividend of 0.12 per share on Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, July 10th.
Helios Technologies has a dividend payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Helios Technologies to earn $3.30 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 14.5%.
Helios Technologies Price Performance
HLIO traded down $1.39 during trading on Wednesday, hitting $84.36. 459,577 shares of the stock traded hands, compared to its average volume of 364,003. The business has a 50 day moving average price of $75.18 and a 200 day moving average price of $67.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.86 and a quick ratio of 1.58. Helios Technologies has a twelve month low of $30.48 and a twelve month high of $87.87. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 46.35 and a beta of 1.28.
Analyst Ratings Changes
Several analysts recently weighed in on HLIO shares. Robert W. Baird boosted their price objective on shares of Helios Technologies from $81.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Wall Street Zen raised Helios Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 7th. JPMorgan Chase & Co. upped their price target on Helios Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Stifel Nicolaus increased their price target on Helios Technologies from $80.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Helios Technologies in a research report on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $89.75.
Check Out Our Latest Report on HLIO
Helios Technologies Company Profile
Helios Technologies, Inc develops and manufactures engineered motion control and electronic control products for a wide range of industrial and mobile equipment applications. The company’s Hydraulics segment designs and produces hydraulic cartridge valves, manifold systems, pumps and motors, filtration solutions and off-highway joysticks. Its Electronic Controls segment offers programmable electronic control units, wireless telematics, human-machine interfaces and software to optimize performance, efficiency and safety for equipment OEMs and end users.
Through its global network of manufacturing facilities, service centers and technology centers, Helios Technologies serves markets in agriculture, construction, material handling, mining, municipal and recreational vehicles, as well as industrial automation and infrastructure equipment.
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