Helios Technologies, Inc. (HLIO) To Go Ex-Dividend on October 4th

Posted by Defense World Staff on Oct 2nd, 2023

Helios Technologies, Inc. (NASDAQ:HLIO – Get Free Report) declared a quarterly dividend on Tuesday, September 26th, Wall Street Journal reports. Investors of record on Thursday, October 5th will be paid a dividend of 0.09 per share on Friday, October 20th. This represents a $0.36 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Wednesday, October 4th.

Helios Technologies has raised its dividend by an average of 26.0% per year over the last three years. Helios Technologies has a payout ratio of 9.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Helios Technologies to earn $3.75 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 9.6%.

Helios Technologies Stock Performance

HLIO stock opened at $55.48 on Monday. The company has a quick ratio of 1.42, a current ratio of 2.83 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 26.42 and a beta of 1.21. Helios Technologies has a 12 month low of $48.03 and a 12 month high of $72.61. The firm has a 50 day moving average of $57.98 and a two-hundred day moving average of $59.78.

Helios Technologies (NASDAQ:HLIO – Get Free Report) last issued its quarterly earnings data on Monday, August 7th. The company reported $0.81 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.81. Helios Technologies had a net margin of 8.13% and a return on equity of 13.09%. The business had revenue of $227.60 million during the quarter, compared to analysts’ expectations of $222.14 million. During the same period in the previous year, the company earned $1.18 earnings per share. Helios Technologies’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, equities analysts anticipate that Helios Technologies will post 3.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HLIO. Robert W. Baird reduced their price objective on shares of Helios Technologies from $73.00 to $63.00 in a report on Tuesday, August 8th. KeyCorp dropped their target price on shares of Helios Technologies from $74.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, August 8th. Finally, Stifel Nicolaus increased their target price on shares of Helios Technologies from $71.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, July 19th.

Get Our Latest Research Report on Helios Technologies

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. lifted its stake in Helios Technologies by 15.6% in the first quarter. Advisor Group Holdings Inc. now owns 6,088 shares of the company’s stock valued at $441,000 after buying an additional 823 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Helios Technologies by 9.5% in the first quarter. Raymond James & Associates now owns 52,400 shares of the company’s stock valued at $4,205,000 after purchasing an additional 4,529 shares during the last quarter. US Bancorp DE raised its holdings in shares of Helios Technologies by 32.5% in the first quarter. US Bancorp DE now owns 5,397 shares of the company’s stock valued at $434,000 after purchasing an additional 1,325 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Helios Technologies by 31.3% in the first quarter. PNC Financial Services Group Inc. now owns 6,375 shares of the company’s stock valued at $512,000 after purchasing an additional 1,519 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Helios Technologies in the first quarter valued at approximately $1,124,000. Institutional investors own 91.66% of the company’s stock.

Helios Technologies Company Profile

(Get Free Report)

Helios Technologies, Inc, together with its subsidiaries, provides engineered motion control and electronic control technology solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Hydraulics and Electronics. The Hydraulics segment offers cartridge valve technology products to control rates and direction of fluid flow, and to regulate and control pressures for industrial and mobile applications; hydraulic quick release coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic system design that provides engineered solutions for machine users, manufacturers, or designers.