Analysts Set Helios Technologies, Inc (NYSE:HLIO) PT at $71.75

Shares of Helios Technologies, Inc (NYSE:HLIO) have earned a consensus recommendation of “Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $71.75.

HLIO has been the subject of several research analyst reports. Wall Street Zen upgraded Helios Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 7th. Stifel Nicolaus raised their price target on shares of Helios Technologies from $74.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Zacks Research raised shares of Helios Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 4th. KeyCorp upped their price objective on shares of Helios Technologies from $74.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. assumed coverage on shares of Helios Technologies in a research note on Tuesday, January 20th. They issued an “overweight” rating and a $80.00 price objective for the company.

Institutional Trading of Helios Technologies

Several institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its stake in shares of Helios Technologies by 0.6% in the first quarter. Royal Bank of Canada now owns 89,391 shares of the company’s stock worth $2,868,000 after acquiring an additional 556 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Helios Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,771 shares of the company’s stock worth $634,000 after purchasing an additional 862 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Helios Technologies by 14.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 143,810 shares of the company’s stock worth $4,615,000 after purchasing an additional 17,914 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Helios Technologies by 14.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,936 shares of the company’s stock worth $2,276,000 after purchasing an additional 9,041 shares during the period. Finally, Jane Street Group LLC lifted its position in shares of Helios Technologies by 198.2% in the 1st quarter. Jane Street Group LLC now owns 56,606 shares of the company’s stock worth $1,816,000 after purchasing an additional 37,624 shares during the period. Institutional investors own 94.72% of the company’s stock.

Helios Technologies Stock Performance

Shares of NYSE HLIO opened at $64.26 on Thursday. Helios Technologies has a 12 month low of $24.76 and a 12 month high of $76.47. The company has a market cap of $2.13 billion, a P/E ratio of 44.32 and a beta of 1.26. The business’s 50 day moving average is $67.86 and its two-hundred day moving average is $58.81. The company has a quick ratio of 1.58, a current ratio of 2.90 and a debt-to-equity ratio of 0.39.

Helios Technologies (NYSE:HLIO) last posted its earnings results on Monday, March 2nd. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.72 by $0.09. Helios Technologies had a return on equity of 9.36% and a net margin of 5.78%.The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 EPS.

Helios Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Wednesday, January 7th were given a dividend of $0.09 per share. The ex-dividend date was Wednesday, January 7th. This represents a $0.36 dividend on an annualized basis and a yield of 0.6%. Helios Technologies’s payout ratio is currently 24.83%.

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.