Helios Technologies (NASDAQ:HLIO) Price Target Raised to $76.00

Helios Technologies (NASDAQ:HLIO) had its target price boosted by Stifel Nicolaus from $74.00 to $76.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. initiated coverage on shares of Helios Technologies in a report on Tuesday, January 20th. They issued an “overweight” rating and a $80.00 target price on the stock. KeyCorp increased their price target on shares of Helios Technologies from $74.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $71.75.

Helios Technologies Stock Down 3.9%

Shares of NASDAQ HLIO opened at $64.97 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. Helios Technologies has a 52 week low of $24.76 and a 52 week high of $76.47. The stock has a market capitalization of $2.15 billion, a P/E ratio of 57.50 and a beta of 1.26. The stock’s fifty day moving average is $66.68 and its 200 day moving average is $58.32.

Helios Technologies (NASDAQ:HLIO) last posted 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 8.22% and a net margin of 4.57%.During the same period in the prior year, the firm earned $0.33 earnings per share. The business’s revenue was up 17.4% compared to the same quarter last year. Sell-side analysts forecast that Helios Technologies will post 2.06 earnings per share for the current fiscal year.

Helios Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Wednesday, January 7th were paid a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, January 7th. This represents a $0.36 annualized dividend and a yield of 0.6%. Helios Technologies’s dividend payout ratio (DPR) is 24.83%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Triumph Capital Management bought a new position in shares of Helios Technologies in the third quarter worth about $36,000. CWM LLC grew its holdings in shares of Helios Technologies by 1,276.7% during the 2nd quarter. CWM LLC now owns 1,652 shares of the company’s stock valued at $55,000 after purchasing an additional 1,532 shares during the last quarter. Quarry LP grew its holdings in shares of Helios Technologies by 948.6% during the 3rd quarter. Quarry LP now owns 1,164 shares of the company’s stock valued at $61,000 after purchasing an additional 1,053 shares during the last quarter. Global Retirement Partners LLC acquired a new position in Helios Technologies during the 4th quarter worth approximately $66,000. Finally, State of Alaska Department of Revenue acquired a new position in Helios Technologies during the 3rd quarter worth approximately $96,000. Institutional investors and hedge funds own 94.72% of the company’s stock.

Helios Technologies Company Profile

Helios Technologies, Inc is a global designer, manufacturer and distributor of highly engineered motion and electronic controls solutions. Headquartered in Sarasota, Florida, the company serves original equipment manufacturers (OEMs) across mobile and industrial end markets, including agriculture, construction, material handling, oil and gas, and renewable energy. Established in 2018 through a carve-out of established hydraulic and electronic control businesses, Helios has rapidly built scale through strategic acquisitions, broadening its product portfolio and geographic reach.

The company’s Motion Technologies segment offers a comprehensive suite of hydraulic products, including gear pumps, piston pumps and motors, directional and proportional valves, cylinders, reservoirs, filtration systems and accumulators.