Helios Technologies, Inc (NYSE:HLIO – Get Free Report) declared a quarterly dividend on Tuesday, June 16th. Stockholders of record on Friday, July 10th will be paid 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 of this dividend is Friday, July 10th.
Helios Technologies has a dividend payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance
Shares of HLIO opened at $84.36 on Thursday. The firm has a 50-day moving average of $75.56 and a 200-day moving average of $67.91. Helios Technologies has a one year low of $30.48 and a one year high of $87.87. The company has a market cap of $2.79 billion, a PE ratio of 46.35 and a beta of 1.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.86 and a quick ratio of 1.58.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on HLIO. Wall Street Zen raised shares of Helios Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 7th. Zacks Research raised shares of Helios Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 27th. Stifel Nicolaus lifted their target price on shares of Helios Technologies from $80.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Robert W. Baird lifted their target price on shares of Helios Technologies from $81.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Helios Technologies in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Helios Technologies has an average rating of “Buy” and an average target price of $89.75.
Read Our Latest Research Report on HLIO
Helios Technologies Company Profile
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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