Helios Technologies, Inc (NYSE:HLIO – Get Free Report) insider Matteo Arduini sold 4,000 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $89.93, for a total value of $359,720.00. Following the completion of the transaction, the insider directly owned 11,317 shares in the company, valued at approximately $1,017,737.81. This represents a 26.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Matteo Arduini also recently made the following trade(s):
- On Tuesday, June 23rd, Matteo Arduini sold 6,027 shares of Helios Technologies stock. The shares were sold at an average price of $90.42, for a total value of $544,961.34.
- 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 Price Performance
Shares of NYSE:HLIO opened at $93.04 on Friday. The firm’s 50 day moving average price is $78.03 and its 200-day moving average price is $69.47. Helios Technologies, Inc has a twelve month low of $32.47 and a twelve month high of $95.05. The company has a quick ratio of 1.58, a current ratio of 2.86 and a debt-to-equity ratio of 0.37. The stock has a market capitalization 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 paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, July 10th. Helios Technologies’s dividend payout ratio (DPR) is currently 26.37%.
Institutional Trading of Helios Technologies
Several institutional investors and hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC purchased a new position in shares of Helios Technologies during the 1st quarter valued at $29,000. Triumph Capital Management purchased a new stake in Helios Technologies in the 3rd quarter worth $36,000. Quarry LP increased its stake in Helios Technologies by 948.6% in the 3rd quarter. Quarry LP now owns 1,164 shares of the company’s stock worth $61,000 after buying an additional 1,053 shares in the last quarter. Global Retirement Partners LLC bought a new stake in Helios Technologies during the fourth quarter valued at about $66,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Helios Technologies during the fourth quarter valued at about $104,000. 94.72% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. Zacks Research upgraded Helios Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. Stifel Nicolaus boosted their price target on Helios Technologies from $80.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, May 14th. KeyCorp upped their price target on Helios Technologies from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Wall Street Zen downgraded Helios Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Finally, JPMorgan Chase & Co. lifted their price objective on Helios Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $89.75.
Read Our Latest Research Report on HLIO
Helios Technologies Company Profile
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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