Helios Technologies, Inc. (HLIO) To Go Ex-Dividend on January 3rd

Helios Technologies, Inc. (NASDAQ:HLIO) announced a quarterly dividend on Thursday, December 5th,Wall Street Journal reports. Shareholders of record on Friday, January 3rd will be given a dividend of 0.09 per share on Monday, January 20th. This represents a $0.36 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Friday, January 3rd.

Helios Technologies has a payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Helios Technologies to earn $2.30 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 15.7%.

Helios Technologies Stock Down 2.0 %

HLIO stock opened at $51.48 on Friday. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. The firm has a market cap of $1.71 billion, a PE ratio of 24.60 and a beta of 0.85. Helios Technologies has a 1 year low of $39.08 and a 1 year high of $57.29. The company has a fifty day simple moving average of $49.87 and a 200 day simple moving average of $46.98.

Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%. The business 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 firm posted $0.44 EPS. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. Sell-side analysts anticipate that Helios Technologies will post 2.14 EPS for the current fiscal year.

Insider Activity at Helios Technologies

In related news, Director Diana Sacchi sold 615 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $53.91, for a total value of $33,154.65. Following the completion of the transaction, the director now directly owns 3,636 shares in the company, valued at approximately $196,016.76. This represents a 14.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus dropped their target price on shares of Helios Technologies from $64.00 to $63.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th.

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.