Helios Technologies (NASDAQ:HLIO) had its price target lifted by Morgan Stanley from $42.00 to $43.00 in a report published on Wednesday, Stock Target Advisor reports. Morgan Stanley currently has an equal weight rating on the stock.
HLIO has been the subject of a number of other reports. Zacks Investment Research lowered ExlService from a hold rating to a sell rating in a report on Wednesday. ValuEngine upgraded shares of Zuora from a hold rating to a buy rating in a research note on Saturday, July 6th.
Helios Technologies stock opened at $46.72 on Wednesday. Helios Technologies has a 52 week low of $30.79 and a 52 week high of $58.13. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.13 and a current ratio of 2.03. The stock has a market capitalization of $1.44 billion, a PE ratio of 20.31 and a beta of 1.85.
Helios Technologies (NASDAQ:HLIO) last announced its earnings results on Monday, May 6th. The company reported $0.63 earnings per share for the quarter, meeting the consensus estimate of $0.63. The firm had revenue of $146.85 million during the quarter, compared to the consensus estimate of $151.91 million. Helios Technologies had a return on equity of 12.57% and a net margin of 9.19%. Analysts anticipate that Helios Technologies will post 2.57 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, July 20th. Stockholders of record on Friday, July 5th will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $0.36 annualized dividend and a dividend yield of 0.77%. Helios Technologies’s payout ratio is 15.65%.
In related news, major shareholder Robert C. Koski sold 2,500 shares of Helios Technologies stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $44.32, for a total transaction of $110,800.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christine L. Koski sold 5,000 shares of Helios Technologies stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $47.03, for a total value of $235,150.00. The disclosure for this sale can be found here. Insiders have sold 10,000 shares of company stock valued at $460,250 in the last ninety days. 6.30% of the stock is owned by company insiders.
A hedge fund recently bought a new stake in Helios Technologies stock. Nisa Investment Advisors LLC acquired a new position in Helios Technologies (NASDAQ:HLIO) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,020 shares of the company’s stock, valued at approximately $558,000. 84.56% of the stock is owned by hedge funds and other institutional investors.
Helios Technologies Company Profile
Helios Technologies, Inc develops, manufactures, and sells solutions for the hydraulics and electronics markets. The company operates through two segments, Hydraulics and Electronics. The Hydraulics segment offers screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the industrial and mobile hydraulics markets; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic, pneumatic, electronic, and instrumentation solutions to a range of industries, including agriculture, industrial, mining, and material handling.
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