Helios Technologies, Inc (NYSE:HLIO) Given Average Rating of “Moderate Buy” by Analysts

Shares of Helios Technologies, Inc (NYSE:HLIO) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $80.6667.

Several brokerages have recently issued reports on HLIO. Stifel Nicolaus increased their target price on Helios Technologies from $76.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Zacks Research downgraded Helios Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 2nd. KeyCorp increased their target price on Helios Technologies from $74.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Wall Street Zen upgraded Helios Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 7th. Finally, JPMorgan Chase & Co. started coverage on Helios Technologies in a research note on Tuesday, January 20th. They set an “overweight” rating and a $80.00 target price on the stock.

Helios Technologies Trading Down 2.5%

HLIO opened at $68.04 on Friday. The business has a 50 day simple moving average of $67.72 and a two-hundred day simple moving average of $62.57. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 46.92 and a beta of 1.23. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.90 and a quick ratio of 1.58. Helios Technologies has a one year low of $28.79 and a one year high of $76.47.

Helios Technologies (NYSE:HLIO) last released its quarterly earnings results on Monday, March 2nd. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. Helios Technologies had a return on equity of 9.36% and a net margin of 5.78%.The business had revenue of $210.70 million during the quarter. During the same period in the previous year, the company earned $0.33 EPS. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. Analysts predict that Helios Technologies will post 2.74 EPS for the current year.

Helios Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Stockholders of record on Monday, April 13th were paid a $0.12 dividend. This is a boost from Helios Technologies’s previous quarterly dividend of $0.09. The ex-dividend date was Monday, April 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.7%. Helios Technologies’s dividend payout ratio (DPR) is currently 33.10%.

Hedge Funds Weigh In On Helios Technologies

A number of institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP raised its holdings in Helios Technologies by 114.9% in the 4th quarter. Wellington Management Group LLP now owns 1,997,527 shares of the company’s stock worth $106,848,000 after purchasing an additional 1,067,846 shares during the period. Dimensional Fund Advisors LP raised its holdings in Helios Technologies by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,626,796 shares of the company’s stock valued at $84,806,000 after acquiring an additional 55,206 shares during the period. Thrivent Financial for Lutherans raised its holdings in Helios Technologies by 7.9% during the third quarter. Thrivent Financial for Lutherans now owns 1,530,525 shares of the company’s stock valued at $79,787,000 after acquiring an additional 112,213 shares during the period. Jennison Associates LLC raised its holdings in Helios Technologies by 30.1% during the first quarter. Jennison Associates LLC now owns 1,035,977 shares of the company’s stock valued at $67,038,000 after acquiring an additional 239,876 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Helios Technologies by 7.9% during the second quarter. Bank of America Corp DE now owns 932,366 shares of the company’s stock valued at $31,113,000 after purchasing an additional 68,182 shares in the last quarter. 94.72% of the stock is owned by institutional investors.

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.