In a report released today, Mircea Dobre from Robert W. Baird reiterated a Buy rating on Helios Technologies (HLIO – Research Report). The company’s shares closed today at $62.17.
Dobre covers the Industrial Goods sector, focusing on stocks such as John Bean Technologies, Caterpillar, and Manitowoc Company. According to TipRanks, Dobre has an average return of 12.4% and a 52.62% success rate on recommended stocks.
Helios Technologies has an analyst consensus of Strong Buy, with a price target consensus of $77.75.
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HLIO market cap is currently $2.02B and has a P/E ratio of 20.52.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HLIO in relation to earlier this year. Most recently, in March 2023, Britt Douglas, a Director at HLIO bought 607.00 shares for a total of $41,615.92.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Helios Technologies, Inc. engages in the development and manufacture of soolutions for both the hydraulics and electronics markets. It operates through the Hydraulics and Electronics segments. The Hydraulics segment provides screw-in hydraulic cartridge valves, manifolds, and integrated fluid power packages and subsystems used in hydraulic systems. The Electronics segment provides electronic control, display, and instrumentation solutions for recreational and off-highway vehicles and stationary and power generation equipment. The company was founded by Robert E. Koski and John Allen in 1970 and is headquartered in Sarasota, FL.
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