Helios Technologies (NASDAQ:HLIO) announced a quarterly dividend on Tuesday, December 17th, Wall Street Journal reports. Investors of record on Sunday, January 5th will be given a dividend of 0.09 per share on Monday, January 20th. This represents a $0.36 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, January 2nd.
Helios Technologies has a payout ratio of 17.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Helios Technologies to earn $2.15 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 16.7%.
NASDAQ HLIO traded down $0.28 during trading hours on Wednesday, reaching $44.97. 49,534 shares of the stock traded hands, compared to its average volume of 64,807. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 22.94 and a beta of 1.82. The stock has a 50 day simple moving average of $45.81 and a two-hundred day simple moving average of $43.56. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.57 and a quick ratio of 1.40. Helios Technologies has a 1 year low of $32.49 and a 1 year high of $53.60.
In other news, CFO Tricia L. Fulton sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $48.00, for a total value of $72,000.00. Following the sale, the chief financial officer now directly owns 54,372 shares of the company’s stock, valued at approximately $2,609,856. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Christine L. Koski sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $45.68, for a total value of $913,600.00. Following the completion of the sale, the director now directly owns 52,811 shares in the company, valued at $2,412,406.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,921 shares of company stock worth $2,328,128. Insiders own 6.30% of the company’s stock.
Several research analysts have recently commented on the company. Zacks Investment Research upgraded Helios Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. SunTrust Banks assumed coverage on Helios Technologies in a report on Tuesday, December 17th. They issued a “hold” rating and a $48.00 price objective on the stock. Finally, ValuEngine downgraded Helios Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, December 24th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $44.67.
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Helios Technologies, Inc develops, manufactures, and sells solutions for the hydraulics and electronics markets. The company operates through two segments, Hydraulics and Electronics. The Hydraulics segment offers screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the industrial and mobile hydraulics markets; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic, pneumatic, electronic, and instrumentation solutions to a range of industries, including agriculture, industrial, mining, and material handling.
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