Helios Technologies, Inc (NYSE:HLIO – Get Free Report) announced 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 dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, October 13th.
Helios Technologies has a payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance
Shares of NYSE HLIO opened at $68.86 on Tuesday. Helios Technologies has a fifty-two week low of $47.01 and a fifty-two week high of $95.05. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 32.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.53 and a current ratio of 2.74. The firm’s 50-day simple moving average is $74.88 and its 200 day simple moving average is $75.47.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. KeyCorp upped their price target on Helios Technologies from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. JPMorgan Chase & Co. raised their price objective on Helios Technologies from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Wall Street Zen downgraded shares of Helios Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Zacks Research lowered shares of Helios Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Stifel Nicolaus increased their target price on shares of Helios Technologies from $93.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $96.25.
Check Out Our Latest Stock Report 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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