Helios Technologies, Inc (NYSE:HLIO – Get Free Report) insider Matteo Arduini sold 6,027 shares of Helios Technologies stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $90.42, for a total value of $544,961.34. Following the completion of the sale, the insider owned 11,317 shares in the company, valued at approximately $1,023,283.14. This represents a 34.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Matteo Arduini also recently made the following trade(s):
- On Monday, June 22nd, Matteo Arduini sold 4,000 shares of Helios Technologies stock. The shares were sold at an average price of $89.93, for a total value of $359,720.00.
- On Friday, May 15th, Matteo Arduini sold 3,000 shares of Helios Technologies stock. The stock was sold at an average price of $76.48, for a total value of $229,440.00.
Helios Technologies Stock Performance
NYSE:HLIO opened at $90.24 on Friday. The company has a quick ratio of 1.58, a current ratio of 2.86 and a debt-to-equity ratio of 0.37. The firm’s fifty day simple moving average is $78.49 and its 200 day simple moving average is $69.62. The stock has a market cap of $2.98 billion, a P/E ratio of 49.58 and a beta of 1.28. Helios Technologies, Inc has a twelve month low of $32.74 and a twelve month high of $95.05.
Helios Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, July 10th. Helios Technologies’s dividend payout ratio is presently 26.37%.
Institutional Investors Weigh In On Helios Technologies
Hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC bought a new position in shares of Helios Technologies during the first quarter valued at approximately $29,000. Triumph Capital Management bought a new stake in shares of Helios Technologies in the 3rd quarter worth approximately $36,000. Quarry LP grew its stake in shares of Helios Technologies by 948.6% in the 3rd quarter. Quarry LP now owns 1,164 shares of the company’s stock worth $61,000 after buying an additional 1,053 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Helios Technologies in the 4th quarter worth approximately $66,000. Finally, Kemnay Advisory Services Inc. bought a new position in Helios Technologies during the 4th quarter valued at approximately $104,000. Institutional investors own 94.72% of the company’s stock.
Analysts Set New Price Targets
Several analysts have weighed in on HLIO shares. KeyCorp lifted their price objective on Helios Technologies from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Wall Street Zen cut Helios Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Weiss Ratings restated a “hold (c)” rating on shares of Helios Technologies in a research report on Tuesday, June 2nd. Stifel Nicolaus upped their price target on Helios Technologies from $80.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Finally, Zacks Research raised Helios Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $89.75.
View Our Latest Stock Analysis on Helios Technologies
Helios Technologies Company Profile
Helios Technologies, Inc develops and manufactures engineered motion control and electronic control products for a wide range of industrial and mobile equipment applications. The company’s Hydraulics segment designs and produces hydraulic cartridge valves, manifold systems, pumps and motors, filtration solutions and off-highway joysticks. Its Electronic Controls segment offers programmable electronic control units, wireless telematics, human-machine interfaces and software to optimize performance, efficiency and safety for equipment OEMs and end users.
Through its global network of manufacturing facilities, service centers and technology centers, Helios Technologies serves markets in agriculture, construction, material handling, mining, municipal and recreational vehicles, as well as industrial automation and infrastructure equipment.
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