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

Helios Technologies, Inc. (NASDAQ:HLIO) declared a quarterly dividend on Friday, December 6th,Wall Street Journal reports. Stockholders of record on Friday, January 3rd will be paid a dividend of 0.09 per share on Monday, January 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Friday, January 3rd.

Helios Technologies has a dividend payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Helios Technologies to earn $2.30 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 15.7%.

Helios Technologies Price Performance

HLIO stock traded down $1.04 during midday trading on Friday, reaching $51.48. The stock had a trading volume of 162,614 shares, compared to its average volume of 202,814. Helios Technologies has a 52-week low of $39.08 and a 52-week high of $57.29. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 46.48 and a beta of 0.85. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. The company’s fifty day simple moving average is $49.78 and its 200 day simple moving average is $47.00.

Helios Technologies (NASDAQ:HLIO) last issued its earnings results on Tuesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The business had revenue of $194.50 million during the quarter, compared to the consensus estimate of $196.41 million. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period last year, the company earned $0.44 EPS. As a group, sell-side analysts predict that Helios Technologies will post 2.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reduced their price target on Helios Technologies from $64.00 to $63.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th.

Insider Buying and Selling at Helios Technologies

In other news, Director Diana Sacchi sold 615 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $53.91, for a total value of $33,154.65. Following the completion of the sale, the director now owns 3,636 shares in the company, valued at approximately $196,016.76. This trade represents a 14.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is currently owned by insiders.

About Helios Technologies

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.