Helios Technologies (NYSE:HLIO) Stock Gets Price Target Cut from JPMorgan Chase & Co.

Helios Technologies (NYSE:HLIO) had its price objective reduced by JPMorgan Chase & Co. from $110.00 to $90.00 in a report published on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

HLIO has been the topic of a number of other reports. KeyCorp lowered their price target on Helios Technologies from $95.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, November 6th. Stifel Nicolaus reduced their price objective on shares of Helios Technologies from $78.00 to $65.00 and set a “buy” rating for the company in a report on Monday. Weiss Ratings upgraded shares of Helios Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Zacks Research lowered shares of Helios Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Finally, Wall Street Zen cut shares of Helios Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $76.25.

Helios Technologies Trading Up 0.1%

NYSE:HLIO opened at $48.06 on Monday. The firm has a market capitalization of $1.57 billion, a P/E ratio of 14.59 and a beta of 1.28. The business has a 50 day simple moving average of $66.86 and a 200 day simple moving average of $73.06. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.62 and a quick ratio of 1.53. Helios Technologies has a 12-month low of $46.95 and a 12-month high of $95.05.

Helios Technologies (NYSE:HLIO) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.05. The business had revenue of $229.70 million for the quarter. Helios Technologies had a net margin of 8.74% and a return on equity of 11.60%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the business earned $0.72 EPS. Equities research analysts predict that Helios Technologies will post 3.11 EPS for the current year.

Helios Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 26th. Shareholders of record on Tuesday, October 13th were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, October 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.0%. Helios Technologies’s dividend payout ratio is currently 20.34%.

Institutional Investors Weigh In On Helios Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC increased its stake in Helios Technologies by 17.5% in the 3rd quarter. Global Retirement Partners LLC now owns 1,904 shares of the company’s stock worth $129,000 after purchasing an additional 283 shares in the last quarter. Nykredit A S acquired a new position in shares of Helios Technologies in the second quarter worth about $30,000. NewEdge Advisors LLC purchased a new position in shares of Helios Technologies in the first quarter worth approximately $29,000. Allworth Financial LP purchased a new position in shares of Helios Technologies in the second quarter worth approximately $40,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Helios Technologies during the second quarter valued at approximately $43,000. Institutional investors and hedge funds own 94.72% of the company’s stock.

Helios Technologies Company Profile

Helios Technologies, Inc. is a global manufacturer of hydraulic and electronic control technologies. Its products are used by original equipment manufacturers in markets including mobile and industrial equipment, marine, and other specialty vehicles. Through its hydraulics businesses, the company makes cartridge valves, hydraulic integrated circuits and manifolds, and quick-release couplings. Its electronic controls businesses provide technologies such as control systems, displays, instrumentation, and related products for vehicle and equipment applications.