Helios Technologies, Inc. Plans Quarterly Dividend of $0.09 (NASDAQ:HLIO) - MarketBeat

2022-10-02 15:53:56 By : Mr. David Chang

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Helios Technologies, Inc. (NASDAQ:HLIO - Get Rating) declared a quarterly dividend on Monday, September 26th, Wall Street Journal reports. Investors of record on Wednesday, October 5th will be given a dividend of 0.09 per share on Thursday, October 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Tuesday, October 4th. Helios Technologies Trading Up 0.3 %

Shares of HLIO stock traded up $0.14 during trading hours on Monday, reaching $49.47. 273,772 shares of the stock were exchanged, compared to its average volume of 118,238. Helios Technologies has a 12-month low of $48.27 and a 12-month high of $114.89. The company has a current ratio of 2.40, a quick ratio of 1.30 and a debt-to-equity ratio of 0.53. The company's 50-day moving average price is $60.80 and its 200-day moving average price is $66.67. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 0.94 and a beta of 1.20.

Helios Technologies (NASDAQ:HLIO - Get Rating) last released its quarterly earnings results on Monday, August 8th. The company reported $1.18 EPS for the quarter, hitting analysts' consensus estimates of $1.18. Helios Technologies had a net margin of 12.11% and a return on equity of 20.05%. The firm had revenue of $241.67 million during the quarter, compared to analysts' expectations of $240.51 million. During the same period in the previous year, the company earned $1.20 EPS. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities analysts anticipate that Helios Technologies will post 4.37 earnings per share for the current year. Institutional Trading of Helios Technologies

Several large investors have recently bought and sold shares of HLIO. Advisor Group Holdings Inc. grew its position in Helios Technologies by 15.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,088 shares of the company's stock worth $441,000 after purchasing an additional 823 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Helios Technologies by 9.5% in the 1st quarter. Raymond James & Associates now owns 52,400 shares of the company's stock valued at $4,205,000 after acquiring an additional 4,529 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Helios Technologies by 32.5% in the 1st quarter. US Bancorp DE now owns 5,397 shares of the company's stock valued at $434,000 after acquiring an additional 1,325 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Helios Technologies by 31.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,375 shares of the company's stock valued at $512,000 after acquiring an additional 1,519 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Helios Technologies in the 1st quarter valued at $1,124,000. Hedge funds and other institutional investors own 91.83% of the company's stock. Analyst Upgrades and Downgrades

HLIO has been the subject of several recent research reports. Barrington Research reduced their price target on shares of Helios Technologies from $107.00 to $91.00 and set an "outperform" rating for the company in a report on Wednesday, August 10th. Robert W. Baird reduced their price target on shares of Helios Technologies from $100.00 to $75.00 in a report on Tuesday, August 9th. KeyCorp reduced their price target on shares of Helios Technologies from $90.00 to $71.00 and set an "overweight" rating for the company in a report on Friday, September 16th. Finally, Stifel Nicolaus reduced their price target on shares of Helios Technologies from $95.00 to $74.00 in a report on Monday, July 18th.About Helios Technologies (Get Rating)

Helios Technologies, Inc, together with its subsidiaries, develops, manufactures, and sells solutions for the hydraulics and electronics markets 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; quick release coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic system design that provides engineered solutions for machine users, manufacturers, or designers.See AlsoGet a free copy of the StockNews.com research report on Helios Technologies (HLIO)Three Consumer Stocks That Could Outperform In Q4 Comcast is an Asset Bonanza Priced Cheap Will Synthetic Biology Firm Amyris Post Net Income In 2024? Can Caterpillar Claw Higher in a Falling Market? Is Dave & Buster’s Immune to High Inflation and Lower Spending?

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