Helios Technologies, Inc (NYSE:HLIO – Get Free Report) insider Matteo Arduini sold 6,027 shares of Helios Technologies stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $90.42, for a total transaction of $544,961.34. Following the completion of the transaction, the insider directly owned 11,317 shares in the company, valued at approximately $1,023,283.14. This trade represents a 34.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Matteo Arduini also recently made the following trade(s):
- On Monday, June 22nd, Matteo Arduini sold 4,000 shares of Helios Technologies stock. The shares were sold at an average price of $89.93, for a total transaction of $359,720.00.
- On Friday, May 15th, Matteo Arduini sold 3,000 shares of Helios Technologies stock. The shares were sold at an average price of $76.48, for a total transaction of $229,440.00.
Helios Technologies Stock Up 3.9%
Shares of NYSE:HLIO opened at $93.04 on Friday. The firm has a 50 day simple moving average of $78.03 and a 200 day simple moving average of $69.47. Helios Technologies, Inc has a 52 week low of $32.47 and a 52 week high of $95.05. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.58 and a current ratio of 2.86. The company has a market cap of $3.07 billion, a PE ratio of 51.12 and a beta of 1.28.
Helios Technologies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, July 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.5%. Helios Technologies’s payout ratio is currently 26.37%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC acquired a new stake in shares of Helios Technologies in the 1st quarter valued at $29,000. Triumph Capital Management acquired a new position in Helios Technologies during the third quarter worth $36,000. Quarry LP raised its holdings in Helios Technologies by 948.6% during the third quarter. Quarry LP now owns 1,164 shares of the company’s stock valued at $61,000 after buying an additional 1,053 shares in the last quarter. Global Retirement Partners LLC bought a new position in Helios Technologies during the fourth quarter valued at about $66,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Helios Technologies in the fourth quarter worth about $104,000. Institutional investors and hedge funds own 94.72% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. Wall Street Zen downgraded Helios Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Helios Technologies in a research note on Tuesday, June 2nd. Robert W. Baird upped their target price on Helios Technologies from $81.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Stifel Nicolaus increased their price target on shares of Helios Technologies from $80.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Finally, JPMorgan Chase & Co. raised their price target on shares of Helios Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $89.75.
Get Our Latest Stock Analysis on HLIO
About Helios Technologies
Helios Technologies, Inc develops and manufactures engineered motion control and electronic control products for a wide range of industrial and mobile equipment applications. The company’s Hydraulics segment designs and produces hydraulic cartridge valves, manifold systems, pumps and motors, filtration solutions and off-highway joysticks. Its Electronic Controls segment offers programmable electronic control units, wireless telematics, human-machine interfaces and software to optimize performance, efficiency and safety for equipment OEMs and end users.
Through its global network of manufacturing facilities, service centers and technology centers, Helios Technologies serves markets in agriculture, construction, material handling, mining, municipal and recreational vehicles, as well as industrial automation and infrastructure equipment.
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