Helios Technologies, Inc (NYSE:HLIO – Get Free Report) declared a quarterly dividend on Wednesday, June 17th. Stockholders of record on Friday, July 10th will be given a dividend of 0.12 per share on Friday, July 24th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, July 10th.
Helios Technologies has a dividend payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Helios Technologies to earn $3.30 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 14.5%.
Helios Technologies Trading Down 1.6%
NYSE:HLIO opened at $84.36 on Thursday. Helios Technologies has a 12 month low of $30.48 and a 12 month high of $87.87. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 46.35 and a beta of 1.28. The company has a quick ratio of 1.58, a current ratio of 2.86 and a debt-to-equity ratio of 0.37. The company’s 50 day moving average is $75.56 and its 200-day moving average is $67.91.
Insiders Place Their Bets
In other Helios Technologies news, insider Matteo Arduini sold 3,000 shares of Helios Technologies stock in a transaction on Friday, May 15th. The shares were sold at an average price of $76.48, for a total transaction of $229,440.00. Following the sale, the insider owned 15,317 shares in the company, valued at $1,171,444.16. The trade was a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Helios Technologies
Institutional investors have recently bought and sold shares of the business. Aberdeen Group plc acquired a new stake in Helios Technologies during the fourth quarter worth $13,681,000. William Blair Investment Management LLC boosted its stake in shares of Helios Technologies by 16.7% in the 3rd quarter. William Blair Investment Management LLC now owns 735,721 shares of the company’s stock valued at $38,353,000 after purchasing an additional 105,334 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Helios Technologies in the 3rd quarter valued at $14,598,000. Envestnet Asset Management Inc. boosted its stake in shares of Helios Technologies by 9.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 107,861 shares of the company’s stock valued at $5,623,000 after purchasing an additional 9,323 shares in the last quarter. Finally, Kennedy Capital Management LLC acquired a new stake in shares of Helios Technologies in the 3rd quarter valued at $39,503,000. Institutional investors and hedge funds own 94.72% of the company’s stock.
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.
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