Helios Technologies, Inc (NYSE:HLIO – Get Free Report) declared a quarterly dividend on Monday, September 28th. Investors of record on Tuesday, October 13th will be given a dividend of $0.12 per share on Monday, October 26th. This represents a $0.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, October 13th.
Helios Technologies has a dividend payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Helios Technologies to earn $3.58 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 13.4%.
Helios Technologies Trading Up 0.3%
NYSE HLIO opened at $68.86 on Tuesday. The stock’s 50-day simple moving average is $74.88 and its two-hundred day simple moving average is $75.47. Helios Technologies has a twelve month low of $47.01 and a twelve month high of $95.05. The company has a quick ratio of 1.53, a current ratio of 2.74 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 32.18 and a beta of 1.26.
Analyst Ratings Changes
A number of analysts recently weighed in on the company. Wall Street Zen downgraded Helios Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. increased their price target on shares of Helios Technologies from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Stifel Nicolaus lifted their price target on shares of Helios Technologies from $93.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. KeyCorp boosted their price objective on shares of Helios Technologies from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Finally, Zacks Research cut shares of Helios Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Helios Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.25.
Get Our Latest Analysis on HLIO
About Helios Technologies
Helios Technologies, Inc is an industrial technology company that develops and manufactures solutions for motion control and electronic control systems. Its products are used by original equipment manufacturers and other customers in markets including mobile and off-highway equipment, industrial machinery, energy, recreational vehicles, and health and wellness applications.
The company operates through two primary areas: hydraulics and electronics. Its hydraulics portfolio includes cartridge valves, electro-hydraulic valves, integrated hydraulic manifolds, and related controls marketed under brands such as Sun Hydraulics.
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