Helios Technologies (NASDAQ:HLIO) Price Target Lowered to $58.00 at Stifel Nicolaus

Helios Technologies (NASDAQ:HLIO) had its price target reduced by Stifel Nicolaus from $60.00 to $58.00 in a research note released on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Helios Technologies Stock Performance

NASDAQ:HLIO opened at $40.42 on Wednesday. Helios Technologies has a twelve month low of $38.52 and a twelve month high of $57.29. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. The stock’s 50-day simple moving average is $43.65 and its 200 day simple moving average is $46.12. The firm has a market capitalization of $1.34 billion, a PE ratio of 35.77 and a beta of 0.87.

Helios Technologies declared that its Board of Directors has approved a stock buyback plan on Monday, February 24th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 7.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Helios Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 20th. Investors of record on Friday, January 3rd were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, January 3rd. Helios Technologies’s dividend payout ratio (DPR) is presently 31.86%.

Institutional Trading of Helios Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Helios Technologies by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 3,328,127 shares of the company’s stock valued at $148,568,000 after acquiring an additional 13,059 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in Helios Technologies by 15.5% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,986,528 shares of the company’s stock worth $88,679,000 after purchasing an additional 266,127 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Helios Technologies by 1.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,841,823 shares of the company’s stock valued at $82,219,000 after purchasing an additional 21,683 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Helios Technologies by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,438,786 shares of the company’s stock valued at $64,227,000 after purchasing an additional 79,178 shares during the last quarter. Finally, Sara Bay Financial boosted its stake in shares of Helios Technologies by 25.5% during the fourth quarter. Sara Bay Financial now owns 1,217,467 shares of the company’s stock valued at $54,080,000 after purchasing an additional 247,088 shares in the last quarter. Institutional investors and hedge funds own 94.72% of the company’s stock.

Helios Technologies Company Profile

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.