Stifel Nicolaus Cuts Helios Technologies (NASDAQ:HLIO) Price Target to $60.00

Helios Technologies (NASDAQ:HLIO) had its price target trimmed by Stifel Nicolaus from $63.00 to $60.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Helios Technologies Trading Down 2.0 %

NASDAQ:HLIO opened at $43.95 on Friday. The company has a market capitalization of $1.46 billion, a P/E ratio of 38.90 and a beta of 0.88. The stock’s 50 day moving average price is $48.16 and its 200 day moving average price is $46.55. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. Helios Technologies has a 52 week low of $39.08 and a 52 week high of $57.29.

Helios Technologies (NASDAQ:HLIO) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.54 by $0.05. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. The company had revenue of $194.50 million for the quarter, compared to analyst estimates of $196.41 million. During the same quarter in the prior year, the business posted $0.44 EPS. Helios Technologies’s quarterly revenue was down 3.4% on a year-over-year basis. On average, research analysts forecast that Helios Technologies will post 2.14 EPS for the current fiscal year.

Helios Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 20th. Investors of record on Friday, January 3rd were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, January 3rd. Helios Technologies’s payout ratio is 31.86%.

Insider Buying and Selling

In related news, Director Diana Sacchi sold 615 shares of Helios Technologies stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $53.91, for a total value of $33,154.65. Following the transaction, the director now owns 3,636 shares in the company, valued at $196,016.76. This trade represents a 14.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Helios Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Thrivent Financial for Lutherans increased its position in Helios Technologies by 30.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,820,140 shares of the company’s stock worth $86,821,000 after buying an additional 428,110 shares during the period. Diamond Hill Capital Management Inc. bought a new position in Helios Technologies during the third quarter worth $13,633,000. Conestoga Capital Advisors LLC raised its stake in Helios Technologies by 15.5% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,986,528 shares of the company’s stock valued at $88,679,000 after purchasing an additional 266,127 shares during the last quarter. Sara Bay Financial boosted its holdings in Helios Technologies by 25.5% in the 4th quarter. Sara Bay Financial now owns 1,217,467 shares of the company’s stock valued at $54,080,000 after purchasing an additional 247,088 shares during the period. Finally, Royce & Associates LP grew its position in Helios Technologies by 34.1% in the 3rd quarter. Royce & Associates LP now owns 388,659 shares of the company’s stock worth $18,539,000 after purchasing an additional 98,900 shares during the last quarter. 94.72% of the stock is owned by institutional investors and hedge funds.

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.