Helios Technologies, Inc (NYSE:HLIO – Get Free Report) insider Matteo Arduini sold 4,000 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $89.93, for a total value of $359,720.00. Following the completion of the sale, the insider owned 11,317 shares in the company, valued at $1,017,737.81. The trade was a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Matteo Arduini also recently made the following trade(s):
- On Tuesday, June 23rd, Matteo Arduini sold 6,027 shares of Helios Technologies stock. The stock was sold at an average price of $90.42, for a total transaction of $544,961.34.
- 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 transaction of $229,440.00.
Helios Technologies Trading Down 2.8%
Shares of 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 company’s 50-day moving average price is $78.49 and its 200 day moving average price is $69.62. The company has a market cap of $2.98 billion, a PE ratio of 49.58 and a beta of 1.28. Helios Technologies, Inc has a fifty-two week low of $32.74 and a fifty-two week high of $95.05.
Helios Technologies Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be issued 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 26.37%.
Institutional Investors Weigh In On Helios Technologies
Institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC acquired a new position in shares of Helios Technologies during the 1st quarter valued at $29,000. Triumph Capital Management bought a new position in Helios Technologies during the third quarter valued at about $36,000. Quarry LP grew its holdings in Helios Technologies by 948.6% during the third quarter. Quarry LP now owns 1,164 shares of the company’s stock worth $61,000 after acquiring an additional 1,053 shares during the period. Global Retirement Partners LLC acquired a new position in Helios Technologies during the fourth quarter worth about $66,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Helios Technologies in the fourth quarter worth about $104,000. 94.72% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
HLIO has been the topic of several recent analyst reports. Robert W. Baird lifted their target price on Helios Technologies from $81.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Wall Street Zen cut Helios Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. JPMorgan Chase & Co. raised their price target on Helios Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Stifel Nicolaus lifted their price objective on shares of Helios Technologies from $80.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Finally, Zacks Research raised shares of Helios Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Helios Technologies presently has an average rating of “Buy” and a consensus price target of $89.75.
View Our Latest Research Report on Helios Technologies
About Helios Technologies
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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