Stifel Nicolaus Cuts Helios Technologies (NASDAQ:HLIO) Price Target to $63.00

Helios Technologies (NASDAQ:HLIO - Free Report) had its price objective reduced by Stifel Nicolaus from $64.00 to $63.00 in a research report released on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

Separately, KeyCorp lowered Helios Technologies from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, July 9th.

Helios Technologies Price Performance

Helios Technologies stock traded down $0.85 during trading hours on Wednesday, hitting $48.48. 251,431 shares of the company traded hands, compared to its average volume of 207,825. Helios Technologies has a 1-year low of $37.50 and a 1-year high of $55.53. The firm has a market cap of $1.61 billion, a P/E ratio of 54.73 and a beta of 0.84. The firm's 50-day simple moving average is $44.27 and its two-hundred day simple moving average is $46.11. The company has a quick ratio of 1.49, a current ratio of 2.92 and a debt-to-equity ratio of 0.56.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.03. The business had revenue of $219.90 million for the quarter, compared to analyst estimates of $215.80 million. Helios Technologies had a net margin of 3.58% and a return on equity of 7.71%. The business's revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the business earned $0.81 earnings per share. As a group, analysts forecast that Helios Technologies will post 2.35 earnings per share for the current fiscal year.

Helios Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Friday, October 4th will be paid a $0.09 dividend. The ex-dividend date is Friday, October 4th. This represents a $0.36 annualized dividend and a yield of 0.74%. Helios Technologies's dividend payout ratio is presently 40.00%.

Institutional Trading of Helios Technologies

A number of institutional investors have recently bought and sold shares of HLIO. Wasatch Advisors LP grew its position in Helios Technologies by 8.7% in the first quarter. Wasatch Advisors LP now owns 4,169,735 shares of the company's stock worth $186,345,000 after acquiring an additional 334,606 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Helios Technologies by 0.8% in the first quarter. Vanguard Group Inc. now owns 3,243,814 shares of the company's stock worth $144,966,000 after purchasing an additional 24,975 shares in the last quarter. Wellington Management Group LLP increased its position in Helios Technologies by 125.6% during the fourth quarter. Wellington Management Group LLP now owns 2,524,041 shares of the company's stock worth $114,465,000 after buying an additional 1,405,098 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Helios Technologies by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,284,429 shares of the company's stock valued at $61,333,000 after buying an additional 54,205 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Helios Technologies in the second quarter worth about $42,900,000. Institutional investors and hedge funds own 94.72% of the company's stock.

Helios Technologies Company Profile

Helios Technologies, Inc, together with its subsidiaries, provides engineered motion control and electronic control technology solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Hydraulics and Electronics. The Hydraulics segment offers cartridge valve technology products to control rates and direction of fluid flow, and to regulate and control pressures for industrial and mobile applications; hydraulic quick release coupling solutions for the agriculture, construction equipment, and industrial markets; motion control technology and fluid conveyance technology; cartridge valve technology; engineered solutions for machine users, manufacturers, or designers.