Helios Technologies, Inc (NYSE:HLIO – Get Free Report) declared a quarterly dividend on Monday, September 28th. Investors of record on Tuesday, October 13th will be paid a dividend of $0.12 per share on Monday, October 26th. This represents a $0.48 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, October 13th.
Helios Technologies has a dividend payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Helios Technologies to earn $3.58 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 13.4%.
Helios Technologies Trading Up 0.3%
NYSE HLIO opened at $68.86 on Tuesday. The company has a fifty day simple moving average of $74.88 and a two-hundred day simple moving average of $75.47. Helios Technologies has a 12-month low of $47.01 and a 12-month high of $95.05. The company has a current ratio of 2.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.35. The stock has a market cap of $2.27 billion, a P/E ratio of 32.18 and a beta of 1.26.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Wall Street Zen lowered Helios Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Zacks Research lowered shares of Helios Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. KeyCorp lifted their target price on shares of Helios Technologies from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, July 13th. JPMorgan Chase & Co. lifted their target price on Helios Technologies from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Finally, Stifel Nicolaus upped their price objective on Helios Technologies from $93.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $96.25.
View Our Latest Report on HLIO
Helios Technologies Company Profile
Helios Technologies, Inc is an industrial technology company that develops and manufactures solutions for motion control and electronic control systems. Its products are used by original equipment manufacturers and other customers in markets including mobile and off-highway equipment, industrial machinery, energy, recreational vehicles, and health and wellness applications.
The company operates through two primary areas: hydraulics and electronics. Its hydraulics portfolio includes cartridge valves, electro-hydraulic valves, integrated hydraulic manifolds, and related controls marketed under brands such as Sun Hydraulics.
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