Helios Technologies (NYSE:HLIO) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Helios Technologies (NYSE:HLIO) issued its quarterly earnings data on Thursday. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.05, FiscalAI reports. Helios Technologies had a return on equity of 11.43% and a net margin of 8.01%. The firm had revenue of $229.70 million during the quarter.

Helios Technologies Trading Down 10.1%

NYSE HLIO traded down $6.74 during mid-day trading on Thursday, reaching $60.21. 755,242 shares of the stock were exchanged, compared to its average volume of 355,663. The stock has a market capitalization of $1.98 billion, a PE ratio of 28.14 and a beta of 1.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.53 and a current ratio of 2.74. Helios Technologies has a 1-year low of $49.86 and a 1-year high of $95.05. The business’s fifty day simple moving average is $69.11 and its 200 day simple moving average is $73.44.

Helios Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Tuesday, October 13th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, October 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.8%. Helios Technologies’s dividend payout ratio (DPR) is 22.43%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Helios Technologies in the 2nd quarter valued at $231,414,000. Dimensional Fund Advisors LP grew its stake in shares of Helios Technologies by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,618,712 shares of the company’s stock valued at $104,743,000 after buying an additional 6,347 shares during the period. Jennison Associates LLC increased its holdings in shares of Helios Technologies by 30.1% during the 1st quarter. Jennison Associates LLC now owns 1,035,977 shares of the company’s stock worth $67,038,000 after buying an additional 239,876 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Helios Technologies during the 2nd quarter worth $74,454,000. Finally, Bank of America Corp DE acquired a new stake in shares of Helios Technologies during the 2nd quarter worth $36,693,000. Hedge funds and other institutional investors own 94.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on HLIO shares. Weiss Ratings raised Helios Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. KeyCorp increased their price objective on Helios Technologies from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. increased their price objective on Helios Technologies from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Stifel Nicolaus lifted their price objective on Helios Technologies from $93.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Finally, Wall Street Zen downgraded shares of Helios Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Helios Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $96.25.

About Helios Technologies

Helios Technologies, Inc develops and manufactures industrial technology products for the hydraulics and electronics markets. Its offerings include hydraulic cartridge valves, manifolds and electro-hydraulic controls, as well as electronic control systems, displays, instrumentation and related connectivity solutions used in mobile equipment, industrial machinery and other specialized applications.

The company serves original equipment manufacturers and other industrial customers through a portfolio that has included the Sun Hydraulics and Enovation Controls brands.