Stifel Nicolaus Has Lowered Expectations for Helios Technologies (NASDAQ:HLIO) Stock Price

Helios Technologies (NASDAQ:HLIO) had its price objective trimmed by Stifel Nicolaus from $63.00 to $60.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

Helios Technologies Stock Down 2.0 %

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 company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. The firm’s fifty day moving average price is $48.16 and its two-hundred day moving average price is $46.55. Helios Technologies has a fifty-two week low of $39.08 and a fifty-two week high of $57.29.

Helios Technologies (NASDAQ:HLIO) last issued its earnings results on Tuesday, November 5th. The company reported $0.59 earnings per share for the quarter, beating 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 business had revenue of $194.50 million for the quarter, compared to analyst estimates of $196.41 million. During the same period in the previous year, the business earned $0.44 EPS. The firm’s revenue was down 3.4% on a year-over-year basis. On average, analysts anticipate that Helios Technologies will post 2.14 EPS for the current year.

Helios Technologies Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 0.82%. The ex-dividend date was Friday, January 3rd. Helios Technologies’s dividend payout ratio is 31.86%.

Insider Buying and Selling at Helios Technologies

In other news, Director Diana Sacchi sold 615 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $53.91, for a total transaction of $33,154.65. Following the completion of the sale, the director now owns 3,636 shares of the company’s stock, valued at approximately $196,016.76. This trade represents a 14.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Helios Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Conestoga Capital Advisors LLC boosted its stake in Helios Technologies by 15.5% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,986,528 shares of the company’s stock worth $88,679,000 after purchasing an additional 266,127 shares in the last quarter. Inspire Investing LLC lifted its position in Helios Technologies by 3.5% during the 4th quarter. Inspire Investing LLC now owns 8,955 shares of the company’s stock worth $400,000 after buying an additional 301 shares in the last quarter. SG Americas Securities LLC lifted its position in Helios Technologies by 16.0% during the 4th quarter. SG Americas Securities LLC now owns 13,479 shares of the company’s stock worth $602,000 after buying an additional 1,863 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Helios Technologies during the 4th quarter worth about $315,000. Finally, Sara Bay Financial increased its position 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 acquiring an additional 247,088 shares in the last quarter. 94.72% of the stock is owned by institutional investors and hedge funds.

About Helios Technologies

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.