Helios Technologies, Inc (NYSE:HLIO) Given Consensus Recommendation of “Buy” by Analysts

Shares of Helios Technologies, Inc (NYSE:HLIO) have been given a consensus rating of “Buy” by the seven brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $71.75.

HLIO has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Helios Technologies in a research report on Monday, December 29th. JPMorgan Chase & Co. started coverage on Helios Technologies in a report on Tuesday, January 20th. They issued an “overweight” rating and a $80.00 price objective for the company. Stifel Nicolaus increased their target price on Helios Technologies from $74.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Zacks Research upgraded Helios Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 4th. Finally, KeyCorp boosted their price target on Helios Technologies from $74.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd.

Helios Technologies Trading Down 0.0%

NYSE:HLIO opened at $67.25 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.58 and a current ratio of 2.90. Helios Technologies has a one year low of $24.76 and a one year high of $76.47. The business’s 50-day simple moving average is $68.82 and its 200 day simple moving average is $60.01. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 46.38 and a beta of 1.25.

Helios Technologies (NYSE:HLIO) last issued its quarterly earnings data on Monday, March 2nd. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. The firm had revenue of $210.70 million during the quarter. Helios Technologies had a return on equity of 9.36% and a net margin of 5.78%.Helios Technologies’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 EPS.

Helios Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Monday, April 13th will be issued a $0.12 dividend. This is a boost from Helios Technologies’s previous quarterly dividend of $0.09. This represents a $0.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, April 13th. Helios Technologies’s dividend payout ratio is presently 24.83%.

Institutional Trading of Helios Technologies

A number of institutional investors and hedge funds have recently modified their holdings of HLIO. CWM LLC boosted its holdings in shares of Helios Technologies by 14.2% in the 3rd quarter. CWM LLC now owns 1,886 shares of the company’s stock valued at $98,000 after buying an additional 234 shares during the period. Legacy Wealth Asset Management LLC raised its stake in Helios Technologies by 6.2% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 4,186 shares of the company’s stock worth $224,000 after acquiring an additional 246 shares during the period. LPL Financial LLC lifted its holdings in Helios Technologies by 5.1% in the fourth quarter. LPL Financial LLC now owns 5,689 shares of the company’s stock worth $304,000 after acquiring an additional 274 shares during the last quarter. Osaic Holdings Inc. boosted its stake in Helios Technologies by 14.1% in the fourth quarter. Osaic Holdings Inc. now owns 2,942 shares of the company’s stock valued at $158,000 after acquiring an additional 363 shares during the period. Finally, ProShare Advisors LLC boosted its stake in Helios Technologies by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 6,065 shares of the company’s stock valued at $324,000 after acquiring an additional 391 shares during the period. 94.72% of the stock is owned by institutional investors and hedge funds.

About Helios Technologies

Helios Technologies, Inc develops and manufactures engineered motion control and electronic control products for a wide range of industrial and mobile equipment applications. The company’s Hydraulics segment designs and produces hydraulic cartridge valves, manifold systems, pumps and motors, filtration solutions and off-highway joysticks. Its Electronic Controls segment offers programmable electronic control units, wireless telematics, human-machine interfaces and software to optimize performance, efficiency and safety for equipment OEMs and end users.

Through its global network of manufacturing facilities, service centers and technology centers, Helios Technologies serves markets in agriculture, construction, material handling, mining, municipal and recreational vehicles, as well as industrial automation and infrastructure equipment.