Helios Technologies (NASDAQ:HLIO) Upgraded by KeyCorp to “Overweight” Rating

KeyCorp upgraded shares of Helios Technologies (NASDAQ:HLIO) from a sector weight rating to an overweight rating in a research note published on Thursday, MarketBeat reports. KeyCorp currently has $40.00 price target on the stock.

A number of other research firms have also recently issued reports on HLIO. Stifel Nicolaus raised their price objective on Helios Technologies from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Robert W. Baird decreased their target price on Helios Technologies from $65.00 to $49.00 and set an “outperform” rating on the stock in a report on Thursday, May 8th.

Helios Technologies Stock Up 3.4%

HLIO stock opened at $32.58 on Thursday. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 28.83 and a beta of 1.25. Helios Technologies has a twelve month low of $24.76 and a twelve month high of $57.29. The business has a 50 day moving average price of $30.63 and a two-hundred day moving average price of $36.60. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52.

Helios Technologies (NASDAQ:HLIO) last released its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.08. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. During the same period in the previous year, the firm earned $0.53 earnings per share. The firm’s revenue for the quarter was down 7.8% compared to the same quarter last year. Analysts anticipate that Helios Technologies will post 2.06 EPS for the current fiscal year.

Helios Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, July 7th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Monday, July 7th. This represents a $0.36 annualized dividend and a yield of 1.10%. Helios Technologies’s dividend payout ratio is currently 32.43%.

Institutional Investors Weigh In On Helios Technologies

A number of institutional investors have recently made changes to their positions in HLIO. Ameriprise Financial Inc. increased its stake in shares of Helios Technologies by 16.8% during the fourth quarter. Ameriprise Financial Inc. now owns 157,551 shares of the company’s stock worth $7,033,000 after purchasing an additional 22,680 shares during the period. Vanguard Group Inc. increased its position in Helios Technologies by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,328,127 shares of the company’s stock worth $148,568,000 after buying an additional 13,059 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in Helios Technologies by 9.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 789,915 shares of the company’s stock worth $25,349,000 after buying an additional 68,990 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Helios Technologies during the fourth quarter worth $1,079,000. Finally, Ceredex Value Advisors LLC boosted its position in shares of Helios Technologies by 150.2% in the fourth quarter. Ceredex Value Advisors LLC now owns 219,900 shares of the company’s stock valued at $9,816,000 after acquiring an additional 132,007 shares during the period. Institutional investors own 94.72% of the company’s stock.

About Helios Technologies

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; motion control technology and fluid conveyance technology; cartridge valve technology; engineered solutions for machine users, manufacturers, or designers.