Helios Technologies, Inc. Declares Quarterly Dividend of $0.09 (NASDAQ:HLIO)

Helios Technologies, Inc. (NASDAQ:HLIOGet Free Report) declared a quarterly dividend on Friday, March 8th, NASDAQ reports. Shareholders of record on Thursday, April 4th will be given a dividend of 0.09 per share on Friday, April 19th. This represents a $0.36 annualized dividend and a yield of 0.82%. The ex-dividend date is Wednesday, April 3rd.

Helios Technologies has increased its dividend by an average of 10.1% per year over the last three years. Helios Technologies has a payout ratio of 11.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Helios Technologies to earn $3.34 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 10.8%.

Helios Technologies Stock Down 1.4 %

HLIO opened at $44.08 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 2.74 and a debt-to-equity ratio of 0.58. The firm has a market cap of $1.46 billion, a P/E ratio of 19.02 and a beta of 0.96. Helios Technologies has a 52 week low of $37.50 and a 52 week high of $67.31. The business’s fifty day simple moving average is $43.21 and its 200 day simple moving average is $45.34.

Helios Technologies (NASDAQ:HLIOGet Free Report) last announced its earnings results on Monday, February 26th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.25 by $0.13. The business had revenue of $193.40 million for the quarter, compared to the consensus estimate of $183.87 million. Helios Technologies had a return on equity of 9.19% and a net margin of 4.49%. The company’s revenue was down 1.3% on a year-over-year basis. During the same period last year, the business posted $0.78 EPS. As a group, equities research analysts anticipate that Helios Technologies will post 2.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Helios Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Hong Kong Ltd boosted its position in shares of Helios Technologies by 417.9% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,041 shares of the company’s stock worth $69,000 after purchasing an additional 840 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Helios Technologies by 570.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,207 shares of the company’s stock valued at $80,000 after purchasing an additional 1,027 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Helios Technologies by 54.3% in the first quarter. Lazard Asset Management LLC now owns 1,247 shares of the company’s stock valued at $100,000 after purchasing an additional 439 shares during the last quarter. Citigroup Inc. grew its position in shares of Helios Technologies by 92.3% in the first quarter. Citigroup Inc. now owns 1,983 shares of the company’s stock valued at $130,000 after purchasing an additional 952 shares during the last quarter. Finally, Ensign Peak Advisors Inc acquired a new position in shares of Helios Technologies in the third quarter valued at approximately $101,000. Institutional investors own 94.72% of the company’s stock.

Helios Technologies Company Profile

(Get Free Report)

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.

See Also

Dividend History for Helios Technologies (NASDAQ:HLIO)

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